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India, Russia lay foundation of future character of strategic partnership

Prime Minister Narendra Modi meeting Russian President Vladimir Putin at the 16th Annual India-Russia Summit, at the Kremlin in Moscow on December 24, 2015.
Prime Minister Narendra Modi meeting Russian President Vladimir Putin at the 16th Annual India-Russia Summit, at the Kremlin in Moscow on December 24, 2015.
India and Russia today agreed on several steps to lay the foundation of the future character of their strategic relationship, including in areas such as defence manufacturing, civil nuclear energy and hydrocarbons.
 
"As I look to the future, I see Russia as a significant partner in India’s economic transformation and in shaping a balanced, stable, inclusive and a multi-polar world," Prime Minister Narendra Modi said at a joint media interaction with Russian President Vladimir Putin after the 16th Annual India-Russia Summit at the Kremlin.
 
Mr. Modi first met Mr. Putin in the restricted format for some time before the two sides held delegation-level talks over a working lunch, official sources said. Mr. Putin had hosted Mr. Modi for a tete-e-tete at the Kremlin here yesterday evening.
 
"We have had excellent conversations over the past two days and very productive outcomes. It has deepened my conviction that this relationship truly meets the test of a special and privileged strategic partnership," he said.
 
Mr. Modi said the Inter-Governmental Agreement on manufacture of Kamov 226 helicopter in India signed today was the first project for a major defence platform under the Make in India mission. 
 
"It is rightly with our most important defence partner. We have made progress on a number of other defence proposals. These would boost defence manufacturing in India and India's defence readiness with next generation equipment," he said.
 
"The pace of our cooperation in nuclear energy is increasing. We are making progress on our plans for twelve Russian nuclear reactors at two sites. The agreement today will increase Indian manufacturing content in these reactors. It supports my mission of Make in India. I thank President Putin for his support," he said.
 
The Prime Minister said that, with one of the world’s largest reserves of hydrocarbons, Russia could be a critical source of energy security for India, especially because of their strategic partnership. 
 
"With President Putin's support, we are enlarging Indian investments in Russian hydrocarbon sector. 
 
"President Putin and I are moving creatively in expanding our economic relations. Following our last Summit, India has created a special notified zone to facilitate direct trade between the world’s largest uncut diamond exporter, Russia, and India, which processes 90% of the world’s uncut diamond," he said.
 
Mr. Modi said the two sides were working on logistics, and their Green Corridor project had taken off. He said the International North South Transit Corridor through Iran would significantly reduce transportation time and cost.
 
"Third, we are moving forward on the India-Eurasian Economic Union Free Trade Agreement. This will also benefit us in Central Asia.
 
"Fourth, we are encouraging our private sector to connect with each other more. We have just had an excellent meeting of CEO Forum. The agreements and the announcements today give me confidence that we will see huge increase in investments and trade in both directions," he said.
 
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Mr. Modi began his statement by expressing his deepest condolences on the lives in the terrorist attack on a civilian Russian aircraft and in the downing of a military jet in Syria.
 
"In this moment of grief and challenge, we stand in solidarity with the people of Russia," he said.
 
He said Mr. Putin was the architect of the India-Russia strategic partnership and, in a changing world, his leadership had kept bilateral relations on a steady course of progress and growth.
 
"Mr. President, I have always had great respect and appreciation for our strategic partnership. It has been a source of strength and success for India in defence, development and diplomacy. And, there is genuine goodwill and mutual respect between our people.
 
"President Putin and I have a high degree of convergence in our positions on global issues and a strong commitment to deepen our international cooperation," he said.
 
Mr. Modi said the two sides had strong collaboration in the United Nations. 
 
"Our membership of BRICS, East Asia Summit, G20 and now Shanghai Cooperation Organisation gives our partnership a global character. It is particularly important in the arc from Eurasia to Asia Pacific, including in Central Asia and Afghanistan. 
 
"We are one in our belief that the world must unite and take concerted action on combating terrorism, without distinction and discrimination between terrorist groups and target countries," he said.
 
He said both sides agreed that an early political settlement through dialogue in West Asia was essential for restoring stability and containing extremism in the region.
 
"Indeed, all nations must come together, with sensitivity to each other, to address the challenges of our times.
 
"I am very pleased to have deepened my association with President Putin. Together, we have also given new direction and added more momentum and content to our strategic partnership.
 
"Just as I have had the pleasure of visiting Russia twice this year, I look forward to welcoming President Putin in India next year for the BRICS Summit as well as the Annual Summit," he added.
 
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A joint statement issued by the two sides said Mr. Modi and Mr. Putin had held extensive and substantive discussions to review progress in bilateral relations since the last Annual Summit and their meeting on the margins of the BRICS Summit in Ufa in July 2015. 
 
"The interactions between the two Leaders were marked by deep warmth and mutual trust that characterize the special and privileged strategic partnership between Russia and India," it said.
 
The two sides signed several agreements in diverse fields of bilateral cooperation, including several commercial agreements between Russian and Indian companies.
 
The reconfirmed their commitment to realize the target set at the last annual summit to increase annual bilateral trade and investment.
 
Both sides reiterated their assessment that Mr. Modi's "Make in India” initiative provided a new and durable framework for engagement by Russian corporate entities in the fast growing Indian economy as well as noted the efforts made by the Indian Government to improve ease of doing business.
 
They welcomed recent announcement of several major bilateral investment proposals and called on companies in both countries to finalize new and ambitious investment proposals in promising sectors such as oil and gas, pharmaceuticals, chemical industry, mining, machine building, implementation of infrastructure projects, cooperation in railway sector, fertilizer production, automobiles and aircraft construction as well as collaborative ventures in modernizing each other's industrial facilities.
 
National Security Adviser Ajit Doval, Foreign Secretary S. Jaishankar and Defence Secretary G. Mohan Kumar are among those who are part of Mr. Modi's delegation.
 
Earlier in the day, Mr. Modi, who arrived here yesterday on his first bilateral visit to Russia, visited the National Crisis Management Centre (NCMC) here, where officials briefed him on its functioning.
 
Mr. Modi also laid a wreath at the Tomb of the Unknown Soldier here today.
 
NNN
 
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