Ahead of the bilateral summit between Prime
Minister Narendra Modi and Russian President Vladimir Putin in December, both countries held the 20th
India-Russia Inter-Governmental Commission Meeting on Trade,
Economic, Scientific, Technological and Cultural Cooperation here at New Delhi.
The meeting was co-chaired by External Affairs Minister Sushma Swaraj and
Russian Deputy Prime Minister Dmitry Rogozin.
Rogozin also met Prime Minister Modi who said India attached very high importance to its
"time-tested" and special strategic partnership with Russia. Modi
also said he was looking forward to the visit of Putin to India for the Annual
Summit. "The visit would provide an opportunity to take forward the
bilateral relations to a new level," he said.
The Inter-Governmental Commission took note of
important outstanding issues requiring immediate attention and recommended
early resolution of such issues amicably in tune with the spirit of traditional
friendship and mutual trust between the two countries, said an official
statement.
Swaraj and Rogzin decided to set a joint study
group for the proposed agreement between India and the Customs Union of
Belarus, Kazakhstan and the Russian Federation for trade in goods and services;
Enhancement of bilateral trade through the International North South Corridor
Project (INSTC) by freight forwarders and exporters particularly to bolster
trade in agriculture and food processing industry. It was also decided to maintain
the momentum of cooperation in some priority areas such as hydrocarbons, coking
coal, fertilizers, mining, civil aviation, infrastructure and trade in rough
diamonds.
Another decision was for joint cooperation
between Indian company National Mineral Development Corporation (NMDC) and the
Russian company ACRON for development of potassium and magnesium deposits in
Talitsky mine in Perm region of Russia and Partomchorr apatite-nepheline ore
deposit (Murmansk region), the statement said.
At a separate event, Commerce and Industry
Minister Nirmala Sitharaman said India was for greater market access to the
Russian market for its products and also invited investments into areas such as
railways and defence.
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