Prime Minister Narendra Modi’s meeting with President Vladimir Putin, the 16th in the series of annual summits between India and Russian Federation, is arguably of greater geopolitical significance than any before it. Though the public takeaways from this summit have to do with defence and economic cooperation, the most important conversations will have taken place behind closed doors.
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Russian Federation and India signed agreements on Thursday boosting cooperation in energy and defence, New Delhi aiming to modernize its armed forces and build a nuclear industry and sanctions-hit Moscow seeking investment and new markets.
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Indian PM Modi’s visit officially kicked off Thursday afternoon with the premier’s one-on-one talks with Putin, and a meeting with Russian business leaders.
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Putin presented the items to Modi while hosting the latter for a private dinner on Wednesday evening. He recalled that Moscow had “strongly supported” India’s accession to the Shanghai Cooperation Organization and the two countries were cooperating within the BRICS group, where India will take the rotating presidency in February 2016.
The meeting was held in the Kremlin following the annual summit-level meeting between India and Russian Federation.
Twin engine Kamov choppers are believed to become mainstay of Indian Army in mountaneous sectors for their unique utility and an agreement over them is the ‘first major platform under Make in India.
Modi, who had spoken to Sharif earlier in the day from Kabul and wished him birthday greetings, is heading a 120-member delegation, officials said.
President Putin also gifted to the Prime Minister a late-eighteenth century Indian sword from Bengal province.
“We are making progress on our plans for twelve Russian nuclear reactors at two sites”.
According to Putin, Modi’s visit was very timely and would make it possible to “synchronise watches” on the main areas of cooperation between the two countries.
Putin voiced strong support for New Delhi’s aspirations to win a permanent seat at the U.N. Security Council, praising India’s “well-balanced and responsible foreign policy course”. India is also involved in design and production of Russia’s new T-50 stealth fighter, but has not yet committed to the $10 billion deal.
Though India’s relationship with the U.S. is of enormous strategic significance, so too is its relationship with key powers like Russian Federation.
Modi also remembered former Indian Prime Minister Atal Bihari Vajpayee at the event. While Russia has been concerned about selling defense technology to potential military rivals or countries that can copy the know-how, such as China, India has been seen as a comparatively acceptable buyer.
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Thirdly, he said both sides were moving forward on the India-Eurasian Economic Union Free Trade Agreement.
