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India-Russia Shipbuilding Deal: New Maritime Alliance Amid Global Tensions

India and Russia have held significant high-level talks to expand their maritime partnership. The discussions covered shipbuilding, port development, and Arctic operations as key areas of collaboration. Meanwhile, parallel trade talks focused on the proposed India-Eurasian Economic Union Free Trade Agreement. Both nations are working toward achieving $100 billion in bilateral trade by 2030 through these cooperative efforts.

Key Points: India Russia Maritime Cooperation Shipbuilding Arctic Partnership

  • High-level talks led by Sarbananda Sonowal and Nikolai Patrushev
  • Focus on shipbuilding, port development and Arctic operations
  • Parallel discussions on India-Eurasian Economic Union trade deal
  • Target of $100 billion bilateral trade by 2030
2 min read

India, Russia explore collaboration on shipbuilding, maritime cooperation

India and Russia strengthen maritime ties with shipbuilding collaboration, Arctic operations, and port development, aiming for $100 billion bilateral trade by 2030.

"The discussions reaffirmed the deep and enduring Special and Privileged Strategic Partnership between India and Russia - Official Statement"

New Delhi, Nov 18

India and Russia have held high-level discussions to explore possible collaboration as well as cooperation including shipbuilding, trade economic, scientific and technical cooperation, according to an official statement.

India and Russia held high-level interagency consultations here, led by Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, and Nikolai Patrushev, Aide to the President of the Russian Federation and Chairman of the Maritime Board of Russia.

According to the government, the meeting brought together senior officials and experts from both sides to review the full spectrum of maritime cooperation.

"The discussions reaffirmed the deep and enduring Special and Privileged Strategic Partnership between India and Russia, grounded in mutual trust, respect and a shared vision for long-term economic and strategic cooperation," said the statement.

Both sides acknowledged the strong guidance provided by Prime Minister Narendra Modi and President Vladimir Putin, which continues to shape the expanding India-Russia partnership.

According to the statement, both sides expressed satisfaction with the comprehensive and forward-looking discussions and reaffirmed their commitment to deepen cooperation across shipbuilding, port development, maritime logistics, Arctic operations, research and training.

"The meeting concluded with a shared resolve to build a more resilient, efficient and sustainable maritime partnership that contributes to the long-term prosperity of both nations and strengthens regional and global connectivity," it mentioned.

Meanwhile, Commerce Secretary Rajesh Agrawal held discussions in Moscow with Russian leaders on the proposed India-Eurasian Economic Union (EAEU) Free Trade Agreement.

The Commerce Secretary met the Minister in charge of Trade of the Eurasian Economic Commission, Andrey Slepnev, and the Deputy Minister of Industry and Trade of the Russian Federation, Mikhail Yurin, and also addressed a business networking plenary with members of Indian and Russian industry, the statement said.

The discussions built upon the outcomes of the India-Russia Working Group on Trade and Economic Cooperation, with a continued focus on diversification, strengthening resilient supply chains, ensuring regulatory predictability and promoting balanced growth in the partnership.

These efforts reflect the direction to reach $100 billion in bilateral trade by 2030 and to expand Indian exports through industrial and technological collaboration.

- IANS

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Reader Comments

P
Priya S
While I appreciate the strategic partnership, I hope we ensure technology transfer actually happens. Too often we end up just assembling while core technology remains with foreign partners. Let's make sure this benefits our engineering capabilities long-term.
R
Rohit P
$100 billion trade target by 2030 is ambitious but achievable! Russia has been a reliable partner through thick and thin. The Arctic operations angle is particularly interesting - could open new shipping routes for Indian exports.
S
Sarah B
As someone working in logistics, this maritime cooperation could significantly reduce shipping costs and transit times. The port development and logistics focus is much needed for our growing export economy. Good move!
K
Karthik V
Hope this includes training for our naval architects and marine engineers. We have brilliant minds in IITs and NITs who can contribute significantly if given the right opportunities and exposure.
M
Michael C
The EAEU Free Trade Agreement could be a game-changer for Indian SMEs. Access to Eurasian markets through Russia would diversify our export destinations beyond traditional Western markets. Smart strategic thinking!

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