Prime Minister Narendra Modi and President Vladimir Putin have emphasized the goal of enhancing India-Russia economic cooperation through an array of initiatives aimed at increasing bilateral trade sustainably.
Their joint statement, following a meeting, highlighted plans to elevate India’s exports to Russia, boost industrial collaboration, and foster new investment partnerships, particularly in advanced technological sectors.
The adoption of a development program for strategic areas of economic cooperation until 2030 was welcomed, alongside the progress on a Free Trade Agreement with the Eurasian Economic Union.
Both leaders underscored the need for enhancing bilateral settlements using national currencies to facilitate uninterrupted trade. They also committed to further discussions on integrating national payment systems and digital currency platforms. Agreements ensuring a steady supply of fertilizers to India and promoting skilled worker mobility were acknowledged.
They recognized the mutual benefits of trade in mineral resources, emphasizing energy sources, precious metals, and raw materials vital for international supply chains, asserting that cooperation in these areas is crucial for national security and social welfare.
Moreover, they discussed their extensive collaborations in the energy sector, which serves as a cornerstone of their strategic partnership. This included cooperation in oil, refining technologies, oilfield services, liquefied natural gas (LNG), and nuclear projects, with a focus on addressing investor concerns to expedite the resolution of investment-related issues in the energy domain.
Source – sarkaritel.com
For more news visit our site: Click here
