India Russia sign 15 deals including in energy |
India and Russia on Wednesday signed a five-year road map for cooperation in the energy sector, the centrepiece of Prime Minister Narendra Modi`s two-day visit to Vladivostok, as India looks to diversify its fuel sources from the volatile Gulf region. The energy pact was one of 15 signed which included four in the area of oil and gas, LNG and coking coal, five in trade and investments, two in infrastructure and one each in defence and audiovisual production.This was the 20th summit between Indian and Russian leaders since 2000 when the annual summit mechanism was formalized. Modi arrived in the Russian Far East earlier on Wednesday, the first to the region by an Indian prime minister. Prime Minister Modi on the occasion described Russia as a reliable partner and special friend. The Prime Minister said, the relations between the two countries are not only quantitative but also qualitative. Modi thanked Putin for his support to New Delhi on the revoking of Article 370 of India`s Constitution that granted special status to Jammu and Kashmir. Russian President said, the relations between the two countries are unique and mutually beneficial. Mr Putin said, Russia welcomes the intent of the Indian Side to expand its economic and investment presence in the Far Eastern region and Siberia.
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