United States. Business News. Douglas Busvine , Denis Pinchuk. Related Coverage. Indicating the high priority of relations with the Soviet Union in Indian foreign policy, the new Indian Prime Minister, Rajiv Gandhi , visited the Soviet Union on his first state visit abroad in May and signed two long-term economic agreements with the Soviet Union. Gorbachev's advocacy of this proposal, which had also been made by Leonid Brezhnev , was an indication of continuing Soviet interest in using close relations with India as a means of containing China.
With the improvement of Sino-Soviet relations in the late s, containing China had less of a priority, but close relations with India remained important as an example of Gorbachev's new Third World policy. Relations with India have always been and I am sure will be one of the most important foreign policy priorities of our country. Our mutual ties of friendship are filled with sympathy, and trust, and openness.
And we must say frankly that they were never overshadowed by disagreements or conflict. This understanding - this is indeed the common heritage of our peoples. It is valued and cherished in our country, in Russia, and in India. And we are rightfully proud of so close, so close relations between our countries.
We are confident that India lives in the hearts of every Russian. In the same way, I can assure you that Russia also lives in our souls as a Homeland, as people who share our emotions, our feelings of mutual respect and constant friendship. Long live our friendship! India-Russia relationship is one of deep friendship and mutual confidence that would not be affected by transient political trends. Russia has been a pillar of strength at difficult moments in India's history.
India will always reciprocate this support. Russia is and will remain our most important defense partner and a key partner for our energy security, both on nuclear energy and hydrocarbons,. The first major political initiative, since the collapse of the Soviet Union, between India and Russia began with the Strategic Partnership signed between the two countries in President Vladimir Putin stated in an article written by him in the Hindu , "The Declaration on Strategic Partnership between India and Russia signed in October became a truly historic step".
Russia also strongly supports India receiving a permanent seat on the United Nations Security Council. Russia currently is one of only two countries in the world the other being Japan that has a mechanism for annual ministerial-level defence reviews with India.
Almost every department from the Government of India attends it. The second part of the commission covers Military Technical Co-operation this is co-chaired by the two countries respective Defence Ministers. In addition, to the IRIGC there are other bodies that conduct economic relations between the two countries.
An article penned by Vladimir Putin was published in The Times of India on 30 May , a day before Prime Minister Narendra Modi's visit to Russia, to mark the 70th anniversary of the establishment of relations between India and the Russia on 13 April The Soviet Union was an important supplier of defence equipment for several decades, and this role has been inherited by the Russian federation. The agreement is pending a year extension. Now, the co-operation is not limited to a buyer-seller relationship but includes joint research and development, training, service to service contacts, including joint exercises.
The last joint naval exercises took place in April in the Sea of Japan and joint airborne exercises were held in September in Russia. An Inter-Governmental commission on military-technical co-operation is co-chaired by the defence ministers of the two countries. During the visit, an agreement on joint development and production of prospective multi-role fighters was signed between the two countries. The value of India's defence projects with Russia will further zoom north after the imminent inking of the final design contract for the joint development of a futuristic stealth fifth-generation fighter.
The United States threatened India with sanctions over India's decision to buy the S missile defense system from Russia. Bilateral trade between both countries is concentrated in key value chain sectors. These sectors include highly diversified segments such as machinery , electronics , aerospace , automobile , commercial shipping , chemicals , pharmaceuticals , fertilisers , apparels , precious stones , industrial metals , petroleum products , coal , high-end tea and coffee products.
Both Governments have jointly developed an economic strategy that involves using a number of economic components to increase future bilateral trade. Russia has stated it will co-operate with India on its " Make in India " initiative by engagement in the development of "Smart Cites", the DMIC, the aerospace sector, the commercial nuclear sector and enhancement in manufacturing of Russian military products through co-development and co-production.
President of Russia's UAC Mikhail Pogosyan stated in an interview, "We are planning to sell in India about passenger aircraft by , which will account for 10 percent of the Indian market of airliners in the segment" and further stated, "The unprecedented scope of Russian-Indian cooperation in military aviation has created a scientific and engineering basis for undertaking joint projects in civil aviation. Both countries have agreed to streamline their bilateral trade in diamonds through reductions in regulations and tariffs. First, I would like Alrosa to have direct long-term contracts with more Indian companies.
I am pleased to know that they are moving in this direction. Second, I want Alrosa and others to trade directly on our diamond bourse. We have decided to create a Special Notified Zone where mining companies can trade diamonds on consignment basis and re-export unsold ones. Third, I asked to reform regulation so that Russia can send rough diamonds to India and reimport polished diamonds without extra duties". Russia has agreed to build more than 20 nuclear reactors over the next 20 year. LNG shipments for this contract are expected to begin anytime between The sides will study the possibilities of building a hydrocarbon pipeline system, connecting the Russian Federation with India.
Officials from both countries have discussed how to increase co-operation between their countries respective IT industries. Russian Minister of Communication Nikolai Nikiforov stated in an interview, "The development of IT products and software has traditionally been a strong point of India. We welcome possible joint projects in the field and closer contacts between Russian and Indian companies. India also proposed to set up a special economic zone for Russian companies. The 10 major commodities exported from India to Russia were:  .
The 10 major commodities exported from Russia to India were:  . Both governments have long viewed their bilateral trade well below its optimal potential, with the only long term way of rectifying this through having a Free trade agreement FTA. Energy sector is an important area in Indo-Russian bilateral relations. Gazprom , the Russian company, and Gas Authority of India have collaborated in joint development of a block in the Bay of Bengal.
Russia and India signed weapons deals worth billions of dollars Monday as President Vladimir Putin sought to further boost ties with an old ally. India and Russia signed billions of dollars of defense and energy deals on India and Russia sign energy, defense deals worth billions be the local partner of Russian Helicopters and state arms exporter Rosoboronexport.
Both sides have expressed interest in expanding co-operation in the energy sector. In December , Russia and India signed an agreement to build civilian nuclear reactors in India during a visit by the Russian president to New Delhi. Historically, there has been a long history of cooperation between the Soviet Union and India in space.
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Source: Associated Press Russia and India signed weapons deals worth billions of dollars Monday as President Vladimir Putin sought to further boost ties with an old ally. The target date for the carrier's completion was moved back again this year after it suffered major engine problems in sea trials.
Russian officials now promise to hand it over to India in the end of The project has been delayed by protests by anti-nuclear groups and local residents. Thread info Bookmark this thread Trash this thread. Always highlight: 10 newest replies Replies posted after I mark a forum. Noam Chomsky expresses solidarity with Kudankulam protesters. Chomsky - what a Scrooge!