Manmohan, Putin review bilateral ties
NEW DELHI: India and Russia inked as many as 10 pacts, including defense deals worth around USD four billion, as their leaders undertook an extensive review of bilateral cooperation, especially in the field of nuclear energy here on December 24.
Prime Minister Manmohan Singh and Russian President Vladimir Putin held comprehensive talks on all key bilateral issues, including defense, space, trade and investment, science and technology, education, culture and tourism.
The venue of the meeting between the two leaders was shifted at the last minute from Hyderabad House to 7, Race Course Road, the official residence of the Prime Minister in view of the large-scale protests after the gang rape incident.
After his talks with Putin during his brief visit of nearly 18 hours, Singh said, “We also discussed regional and global issues, on many of which there is a marked congruence in our approach.
“The development of our nuclear energy program has been a key pillar of our strategic partnership,” the Prime Minister said while noting that construction of Unit 1 of the Kudankulam Nuclear Power Project was now complete, and power generation will commence shortly.
He also said India looks forward to the completion of Unit 2 next year.
“Negotiations for the construction of Units 3 and 4 at Kudankulam have made good progress. We intend to continue implementing the Roadmap for cooperation in the nuclear energy sector that was signed during President Putin’s visit in 2010 as then Prime Minister of Russia,” Singh said.
About their discussions on regional and international issues, Singh said, “India and Russia share the objective of a stable, united, democratic and prosperous Afghanistan, free from extremism, terrorism and external interference. We reviewed the ongoing developments in Afghanistan, and agreed to work together against threats posed by extremist ideologies and drug trafficking”. . The pacts include MoU on Cooperation in Science, Technology & Innovation, cultural exchange program and MoU to promote direct investment which envisages investments up to USD 2 billion in important bilateral projects or companies, privatization and other opportunities.
The defense deals include contract for delivery of 71 Mi -17V-5 helicopters and contract for delivery of 42 technological kits for SU-30MKI aircraft licensed production.
“Russia is a key partner in our efforts to modernize our armed forces and enhance our defense preparedness. A number of joint design, development and production projects are underway in high technology areas. We expressed satisfaction that these projects are progressing well,” the Prime Minister said.
Singh also noted that there was still untapped potential in areas such as pharmaceuticals, fertilizers, mining, steel, information technology, civil aviation, telecommunications, infrastructure, food processing, innovation and services.
“We have asked our inter-governmental and business level groups to recommend specific steps for enhancing bilateral trade and investment flows,” the Prime Minister added.
Noting that science and technology cooperation between the two countries remains robust, he said they welcomed the operationalization of the India-Russia Joint Science and Technology Centers which can assist the development and commercialization of promising technologies, including nano-technology, bio-medicine and super-computing.
“I particularly welcome the agreement on cooperation in using the GLONASS satellite navigation system that has just been signed,” Singh said.
Firms sign three pacts
Russian and Indian companies including Tata Consultancy Services and JSC Helicopters signed three different agreements to set up joint ventures and strengthen technology partnerships.
Tata Consultancy Services and Russian firm Navigation Information Systems (NIS) signed a strategic cooperation agreement to establish and strengthen technology partner relations between the two enterprises in software development, systems integration, professional services for and marketing of NIS products.
“The areas of cooperation visualized concerned sectors such as information technology enabled services and emergency response systems,” an official statement said.
A joint venture agreement between Elcom Systems Pvt Ltd and OAO Vertoleti Rassi (JSC ‘Helicopters Russia’) was also inked.
This “venture aims to set up in India, a modern industrial facility for manufacturing of Russian models of helicopters (Ka- and Mi- brands),” it said.
“The JV will serve as an industrial base for hi-tech rotorcraft products from Russia to India and shall contribute to the development of the domestic aerospace industry. The enterprise will be eligible for implementing offset projects under various procurement tenders in India,” it added.
JSC ‘Russian Helicopters’ is a leading player in the global helicopter industry engaged in the business of modern civilian and military helicopters and training of aviation personnel, it said.
Elcom Systems is an established entity in the Indian telecommunications, security and navigation sectors.
Further, Mumbai-based Elder Pharmaceuticals inked a Memorandum of Understanding with Pharm Eco of Russia for a joint venture arrangement.
According to a statement by the Indian firm, the MOU was signed for bilateral cooperation in the field of healthcare. -PTI
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