Russia and India are ready to intensify cooperation in the Far East and the Arctic. An agreement on this issue was reportedly signed after talks between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi. Ministry of Eastern Development.
The program is designed for 2024-2029. Its main goals are to increase joint investment projects, search for new areas of interaction and increase trade turnover between the Far Eastern regions and the Arctic region of the Russian Federation and India.
“The parties plan to diversify their exports of agricultural products, goods and food from the Far Eastern regions to the Republic of India, as well as increase the supply of highly processed products,” the release said.
Separately, the development of international transport corridors connecting Russia and India, including the Eastern Sea Corridor (EMC), is being discussed.
According to the head of the Russian Ministry of Eastern Development, Alexei Chekunkov, integration with Indian markets will open new horizons for economic cooperation, and the partnership will contribute to the prosperity of both countries.
Indian Prime Minister Narendra Modi arrived in the Russian capital on an official visit on July 8. The same day, the Indian Prime Minister met with Putin at his residence in Novo-Ogarevo, and the next day, the politicians held talks in the Kremlin.
During Modi’s visit invited Russian President Vladimir Putin will visit New Delhi in 2025.
Previously, Russia and India to intend By the end of the decade, trade volume will reach $100 billion.
What are you thinking?
Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.