India, Russia sign eight pacts

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 Prime Minister Narendra Modi shakes hands with Russian President Vladimir Putin before their meeting at Hyderabad House, in New Delhi, Friday, Oct 5, 2018. (PTI Photo/Vijay Verma) 

 

$5 billion deal on S-400 advanced long range surface to air missile system sealed

Eastern Mirror Desk

Dimapur, Oct. 5: Taking the bilateral relations of the two countries to a new level, Prime Minister Narendra Modi and President Vladimir Putin on Friday met at the India-Russia annual summit in New Delhi and signed eight pacts, including co-operation on India’s ambitious space mission project Gaganyaan and the deal on the S-400 missile system.

Putin, who was accompanied by a high-level delegation, arrived in India on October 4 for the 19th edition of the two-day annual India-Russia bilateral summit in New Delhi. External Affairs Minister Sushma Swaraj received the delegation on arrival before Modi hosted a private dinner for the Russian president later on the day.

India and Russia, which are known for decades of cordial relations, announced in a joint statement after an extensive meeting between its top leaders that the countries had signed eight pacts in various fields ranging from economy, energy, nuclear industry, science and technology, and cultural and humanitarian cooperation.

The agreements signed between the two countries include co-operation of the Federal Space Agency of Russia ‘ROSCOSMOS’ with India’s ambitious Human Spaceflight Programme called Gaganyaan planned to be launched on Indian Space Research Organisation’s (ISRO) GSLV Mk III in 2022; $5 billion deal on Moscow’s advanced long range surface to air missile system, the S-400; and co-operation in micro, small and medium enterprises among others.

The two countries also re-affirmed the agreement reached in November 2017 to co-operate on “internal security, drug trafficking and disaster management” including joint plan action between India’s Narcotics Control Bureau and Ministry of Interior of the Russian Federation.

“The Sides (India and Russia) denounced terrorism in all its forms and manifestations and reiterated the need to combat international terrorism with decisive and collective response without any double standards. The Sides agreed to converge their efforts to eradicate terrorist networks, their sources of financing, arms and fighters supply channels, to counter terrorist ideology, propaganda and recruitment,” read a joint statement released by PIB.

Eight agreements signed between India and Russia

  • Protocol for consultations between foreign ministries of the countries for the period 2019-2023
  • MoU between the Ministry of Economic Development of the Russian Federation and the National Institution for Transforming India (NITI Aayog)
  • MoU between ISRO and ROSCOSMOS on joint activities in the field of Human Spaceflight Programme
  • Memorandum of cooperation between the Indian and Russian Railways
  • Action plan for prioritisation and implementation of cooperation areas in the nuclear field
  • MoU between Russian Ministry of Transport and Indian Railways in the development cooperation in transport education
  • MoU between India’s National Small Industries Corporation (NSIC) and the Russian Small and Medium Business Corporation (RSMB) to co-operate in the field of micro, small and medium enterprises
  • Cooperation agreement in the fertilizers sector between the Russian Direct Investment Fund, PJSC Phosagro and Indian Potash Limited



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