The Most-Awaited pact inked by Russia and India
India and Russia celebrates the 70th anniversary of their relations.
- Modi’s third stand in four European countries tour was Russia, 5 major deals has been signed by both the countries.
- The decisions were taken at the wide-ranging talks between Prime Minister Narendra Modi and Russian President Vladimir Putin.
The deals signed are as follows.
- The most crucial agreement on setting up of two more units of a nuclear power plant in Tamil Nadu was signed and decision was made to give a “new direction” to the defence cooperation between the two “great powers”.
- An agreement on cultural exchanges for a period of two years (2017-2019) has been signed between the two nations.
- An agreement between the Federal Service for Intellectual Property (Rospatent) and the Council of India on Scientific and Industrial Research has been signed to provide access to Rospatent experts to the Indian Digital Library of Traditional Knowledge (TKDL).
- To implement high-speed service at the Nagpur-Secunderabad section a contract has been signed between JSC (Russian Railways) and the Ministry of Railways.
The last deal was signed between ALROSA Joint Stock Company and the Council for the Promotion of the Export of Precious Stones and Jewellery of India.
Brief Information of nuclear power plant in Tamil Nadu.
- Unit 5 and 6 will be added in Kudankulam nuclear plant.
- One 1,000MW nuclear power plant in Kudankulam is operational while another 1,000MW capacity plant is expected to go on stream later this year.
- The reactors will be built by India’s Nuclear Power Corporation of India Ltd (NPCIL) and Russia’s Atomstroyexport company, a subsidiary of Rosatom, the regulatory body of the Russian nuclear complex. Each of the two units will have a capacity to produce 1,000 MW of power.
- The current nuclear power generation capacity of all 22 nuclear power reactors is 6780 MW.
Few Important discussion apart from the pact signed.
- The two countries also decided to hold the first tri-Services exercises, named ‘Indra-2017’, this year and start joint manufacturing of frigates, adding on to the co-production of Kamov-226 military helicopters.
- A major focus for both sides will be to give a thrust to their economic ties. While their relationship has flourished in defence, nuclear and space, trade has always remained a major constraint.
- Terrorism was one of the important topic for discussion since both countries are facing issues regarding it.
- Russia is looking to expand trade from the current $ 7.7 billion level to $ 30 billion by 2025.
- For speeding up the bilateral cooperation in all fields by the two countries an ‘Action Plan’ has also been implemented.