New Delhi, Feb.26 ANI | 2 years ago

Russian Deputy Prime Minister Dmitry Olegovich Rogozin met Union Commerce and Industry Minister Anand Sharma during his official visit.

The bilateral relations between India and Russia span diverse sectors ranging from defence, space and nuclear energy to exchanges in the commercial, educational and cultural fields.

In 2012, Prime Minister Manmohan Singh and Russian President Vladimir Putin trumpeted their countries' strategic partnership at the summit in New Delhi and in a joint statement agreed on global issues from Syria's unrest to Iran's nuclear ambitions.

The deals reinforced a long-standing strategic alliance based on shared suspicion of China - even though Russia has lately been courting India's adversary, Pakistan, and India has been turning to the United States and Europe out of frustration with Russian weaponry.

Sixty percent of India's arms purchases still come from Russia but it has begun to look further afield in recent years as it seeks to match its growing economic might with military power, and warily eyes its giant neighbour ,China.

Russia has been a long standing partner of India in nuclear energy and the construction of the Kudankulam Nuclear Power Project is a good example of ongoing cooperation in this area.

Bilateral trade has been enhancing progressively and the two-way investment between the two countries is around USUSD 7.8 billion.

(Posted on 27-02-2014)

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