Moscow, Sep 4: Indian Prime Minister Narendra Modi on Wednesday held delegation-level discussions with Russian President Vladimir Putin in Russian far-eastern province of Vladivostok on the sidelines of the 20th India-Russia Annual Summit.
The two leaders discussed potential cooperation in trade and investment in the fields of mining, oil and gas, nuclear energy, security and defence, maritime and air connectivity, hi-tech, outer space, transport infrastructure and people-to-people relations.
Russia also announced its plans to set up over 20 nuclear power complex in India in over next 20 years.
“Russia is a friend and trusted partner of India,” the Prime Minister said, “As such, we have met regularly and never felt any hesitation to do so, even when I have contacted you on telephone over several issues.
Strengthening the special and privileged relationship
Following a two hour tete-a-tete on board a ship, PM @narendramodi and President Putin lead the delegation-level talks at the India-Russia 20th Annual Summit. Discussion on expanding our spectrum of our bilateral ties. pic.twitter.com/J4EaQoSIuR
— Randhir Jaiswal (@MEAIndia) September 4, 2019
Earlier, Modi paid an official visit at the Zvezda shipbuilding centre along Putin, after reaching Russia earlier today.
#WATCH: PM Modi & Russian President Vladimir Putin on board a ship on their way to Zvezda ship-building complex, Vladivostok. In a special gesture, President Putin decided to accompany PM Modi. Both leaders discussed ways to deepen cooperation in ship building. (Earlier visuals) pic.twitter.com/M3SiqKCXby
— ANI (@ANI) September 4, 2019
“Today, provided that technologies are transferred, the production of military equipment can be cheap in India. And we will be able to supply these weapons to third countries at very low prices. India and Russia need to take advantage of this opportunity,” Modi said in an interview to TASS.
India-Russia inked 15 MoUs that are listed below:
1. Joint Statement “Reaching New Heights of Cooperation through Trust and Partnership”.
2. Joint Strategy for the Enhancement of India- Russia Trade and Investments.
3. Agreement between the Government of the Republic of India and Government of the Russian Federation and on the cooperation in the production of spare parts for Russian/Soviet military equipment.
4. Agreement between the Government of the Republic of India and the Government of the Russian Federation on Cooperation in Audiovisual Co-production.
5. Memorandum of Understanding between the Ministry of Road Transport and Highways of the Republic of India and the Ministry of Transport of the Russian Federation on bilateral cooperation in the road transport and road industry.
6. Memorandum of Intent between the Ministry of Shipping of the Republic of India and the Ministry of Transport of the Russian Federation on the Development of Maritime Communications between the Port of Chennai, Republic of India and the Port of Vladivostok, Russian Federation.
7. Plan for cooperation between the Central Board of Indirect Taxes and Customs, Ministry of Finance, Republic of India and the Federal Customs Service (Russian Federation), for combating customs violations in 2019-2022.
8. Memorandum of Understanding between the Ministry of Energy of the Russian Federation and the Ministry of Petroleum and Natural Gas of the Republic of India on the use of Natural Gas for Transportation.
9. Program between the Ministry of Petroleum and Natural Gas of the Republic of India and the Ministry of Energy of the Russian Federation on expansion of cooperation in oil and gas sector.
10. Memorandum of Understanding between Coal India Limited and Far East Investment and Export Agency to cooperate in coking coal mining projects implementation in the Russian Far East.
11. Cooperation Agreement between Invest India and the Russian Direct Investment Fund for Investment Collaboration.
12. Cooperation agreement between the Federation of Indian Chambers of Commerce and Industry the Roscongress Foundation.
13. Memorandum of Understanding between the Federation of Indian Chambers of Commerce and Industry and the Autonomous Non-profit Organization Agency for Strategic Initiatives to promote New Projects.
14. Memorandum of understanding between the Joint Stock Company NOVATEK and PETRONET LNG Limited on cooperation with respect to the joint development of downstream LNG Business and LNG supplies.
15. Agreement on Cooperation between Joint-Stock Company Rosgeologia and Srei Infrastructure Finance Limited;