India, Russia ink 16 pacts to expand cooperation in various sectors
India and Russia have inked 16 cooperation agreements to expand cooperation in various sectors to give a major push to their strategic ties.
These agreements were signed during Prime Minister Narendra Modi’s two days official visit to Russia. The agreements were signed in the nuclear energy, hydrocarbons, solar energy, railways and visas sectors.
Some of the signed agreements are
- Agreement on Cooperation in the field of Helicopter Engineering: It includes joint manufacture of Kamov 226 helicopters on the lines of Make in India campaign.
- Programme of Action Agreed Between for Localization of Manufacturing in India for Russian-Designed Nuclear Reactor Units: It would felicitate construction of 12 atomic plants with involvement of local companies in India under the ‘Make-in-India’ programme.
- The cooperation in the peaceful uses of nuclear energy is a cornerstone of the Russia-India strategic partnership.
- Memorandum of Understanding (MoU) on technical cooperation in railway sector
- MoU for construction of solar energy plants in India: It was signed between Solar Energy Corporation of India and Russian Energy Agency regarding.
- MoU for Cooperation for geologic survey, exploration and production of hydrocarbons onshore and on the continental shelf of the Russian Federation. Similar agreement was also signed between Rosneft Oil Company of Russia and Oil India Limited and Indian Oil Corporation Limited.
Apart from this, extensive talks between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi emphasized the need for the world to unite against terrorism without distinction and discrimination between terrorist groups. Russia conveyed its strong support to India’s bid for permanent membership of the United Nations Security Council (UNSC).
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Month: Current Affairs - December, 2015