Modi, who arrived in Moscow on Wednesday and was hosted for a private dinner by Russian President Vladimir Putin, will attend the 16th India-Russia annual summit meeting later on Thursday.
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Terming Prime Minister Narendra Modi’s visit to Lahore as welcome step, Jammu and Kashmir Deputy Chief Minister Nirmal Singh today said only talks can resolve outstanding issues between two nations and further strengthen ties.
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Russian Federation and India have shared close ties since the Cold War and are now partners in the BRICS group of emerging-market countries.
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“Large serial production of anti-ship missiles for India has begun”, Russian President Vladimir Putin said after talking with visiting Indian Prime Minister Narendra Modi.
Modi spoke of India’s demographic dividend and his governments’ efforts to make it a manufacturing hub. Russia, he said, is keen on investing in Mumbai-Delhi industrial corridor.
The India-Russia Annual Summit of 2015 is a historic milestone in the Defence Cooperation and strategic partnership.
Both the nations also cooperating in solar energy, hydro carbon development and exploitation.
Affirming that their cooperation in the peaceful uses of nuclear energy is a cornerstone of the Russia-India strategic partnership, the two leaders appreciated the progress made in the Kudankulam Nuclear Power Project and agreed to expedite the implementation of ongoing and upcoming projects there. However, an Indian arms company called Reliance Defense said Thursday that it signed a manufacturing and maintenance deal worth about $6 billion with Russia’s Almaz-Antey, the S-400 manufacturer, the Washington Post adds.
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”. The two countries have also committed to raising bilateral trade from $10 billion a year to $30 billion inside a decade.
Putin assured Modi of Moscow’s continuous help to build more nuclear power plants in India. Russian Federation has always been with us in hard times.
According to Putin, trade turnover between Russian Federation and India is sliding now, which is related to external factors, such as fluctuations of demand and volatility of currencies.
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“We agree that an early political settlement through dialogue in West Asia is essential for restoring stability and containing extremism in the region”.
