Blossoming ties between India and Russia

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India and Russia have given a try to carve out a blueprint for strategic partnership for the next decade during Russian President Dmitry Medvedev's India visit. With the successful completion of Mr. Medvedev's visit, India has the honour of all the P5 heads visits - all permanent members of the UN Security Council.

Almost all the targets are being achieved of the last decade (2000 to 2010). For the next decade, main emphasis will be on the areas like cooperation in hydrocarbons, multi-faceted civil nuclear partnership and co-developing frontier technologies etc.

 

Firstly, Almost all the targets are being achieved of the last decade (2000 to 2010). For the next decade, main emphasis will be on the areas like cooperation in hydrocarbons, multi-faceted civil nuclear partnership and co-developing frontier technologies etc.


Both the nations seem seriously interested to achieve the target of $20-billion trade target between India and Russia by the year 2015. There is a good scope to increase the trade in different areas like applied technologies, information technology, telecommunications, automobile components, gems and jewellery and energy.


To take defence ties to a new level, India and Russia signed a deal for design and development of advanced 5th generation fighter aircraft (FGFA) with an estimation of cost around $ 295 million. Hindustan Aeronautics Ltd (HAL) from India and the Sukhoi Design Bureau and Rosoboronexport of Russia will jointly develop the preliminary design contract (PDC) for the advanced fighter jet.


India and Russia on Tuesday signed 30 pacts in many key areas like civil nuclear cooperation military, energy sector, science and technology, space research and pharmaceuticals etc.


Noting that the reform of the UNSC should be carried out in a manner that reflects contemporary realities and makes this body more effective in dealing with both present-day and emerging challenges, the two sides decided to work closely in the Security Council during the 2011-12 period when India occupies a non-permanent seat in it for a two-year term.


In the joint statement, issued after the talks, it is said "The sides agreed that all terrorist networks must be defeated. They called upon Pakistan to expeditiously bring all the perpetrators, authors and accomplices of the November 2008 Mumbai attacks to justice,"

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