Denis Manturov, the First Deputy Prime Minister of Russia, called on Prime Minister Narendra Modi on Monday ahead of the 25th Session of the Intergovernmental Russian-Indian Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation that will be held in New Delhi on Tuesday.
The two leaders exchanged views on enhancing India-Russia cooperation in various areas, including trade and economic ties, energy, connectivity among others.
"PM Modi welcomed the sustained and joint efforts being made by the teams on both sides for the implementation of the decisions taken during his recent visits and meetings with President Putin to further strengthen India- Russia Special and Privileged Strategic Partnership," the Prime Minister's Office (PMO) mentioned in a statement.
PM Modi also extended his warm greetings to Russian President Vladimir Putin and said that he looked forward to continued exchanges with him.
Manturov and External Affairs Minister (EAM) S. Jaishankar will on Tuesday co-chair the 25th session of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological, and Cultural Cooperation (IRIGC-TEC) that serves as the highest-level forum for bilateral economic collaboration between the two countries, encompassing a broad range of areas from trade to cultural exchange.
Earlier in the day, the Russian First Deputy Prime Minister emphasised that Russia-India business relations continue to strengthen amid the "external economic pressure".
"An objective indicator of this is the record volume of trade turnover that we reached last year. And there are all the prerequisites to surpass this achievement this year. At the same time, in addition to the quantitative growth of mutual trade, it is important to diversify its structure. Not just to balance commodity flows, but also to increase the share of high-tech products," said Manturov at the India-Russia Business Forum in Mumbai that was also addressed by EAM Jaishankar.
Manturov listed development of the transport industry, including the introduction of unmanned technologies and the transfer of vehicles to alternative fuels, and increasing the potential of the nuclear sector - including the production of high-power turbines, equipment for solar and wind generation and improving LNG technologies - as the key areas of bilateral economic cooperation.
He also spoke on providing the healthcare system with advanced medicines and medical devices, as well as strengthening Russia's leading positions in the areas of nuclear medicine, production of vaccines and development of the cell engineering segment.
The Russian Deputy PM said that conditions for high-impact economic partnership between the two countries are formed by two national programmes that are "similar in spirit" - India's 'Make in India' programme and the course towards technological sovereignty taken by the Russian government.
Both of these initiatives, he said, are aimed at accelerating the pace of production, developing innovations and removing infrastructure restrictions.
He also listed other sectors, including increasing agricultural productivity through genetic and biotechnology, precision farming systems, irrigation and reclamation technologies besides building up competencies in high-tech means of production and technologies for the transition to a closed-cycle economy, as well as in space services, where the two countries can collaborate more intensely in the near future.
73rd B.N. Mullik Memorial All India Police Football Championship begins, CM lauds Police's role
Tripura Chief Minister Prof. Dr. Manik Saha today lauded the role of Tripura Police in carrying out various social activities, apart from significantly improving the state's law and order situation.
Tripura to create, fill up 333 posts in various departments
The Tripura Government has announced plans to create and fill up 333 posts across multiple state departments. The decision was taken during a recent cabinet meeting and was revealed by Cabinet Spokesperson Sushanta Chowdhury at a press conference on Monday.
Explosions near Russian Consulate in France have signs of terrorist attack: Moscow
The Russian Foreign Ministry on Monday stated that explosions on the territory of the Russian Consulate General in France's Marseilles resemble a terrorist attack.
Air Force Base in Bangladesh attacked, several injured
In a major incident of lawlessness that is currently prevailing in Bangladesh under the interim government led by Chief Advisor Mohammad Yunus, several miscreants launched an ambush attack on an Air Force Base in Cox's Bazar on the southeast coast of the country.
Indian tech industry to hit $300 bn revenue in FY26, workforce to reach 5.8 mn in FY25
The Indian tech industry is projected to reach $300 billion revenue in FY26, a Nasscom report said on Monday, adding that in the current fiscal (estimated), the industry will add at least 126,000 net new employees, taking the total workforce to 5.8 million.
Telangana tunnel collapse: L&T teams with advanced equipment join rescue operation
Two teams of construction major Larsen & Toubro with advanced equipment on Monday joined the operation to rescue eight trapped workers from an under-construction tunnel, a portion of which collapsed on February 22 in Telangana’s Nagarkurnool district.
Right time to invest in Madhya Pradesh: PM Modi at Global Investors Summit
Prime Minister Narendra Modi on Monday inaugurated the Global Investors Summit here highlighting investment opportunities in Madhya Pradesh and urging investors to tap available potential in the state.
Govt backs India Inc. bid to become major exporter of power equipment
India is on the path to becoming a major exporter of power equipment, with global players showing strong interest in the country’s domestic manufacturing capabilities, Secretary, Ministry of Power, Pankaj Agarwal has said.