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Modi and Putin revive Cold War bond with lucrative agreements between two nations

Russian-Bearflag-indiaIndia-Russia ties boosted by defence, energy deals, Straits Times, OCT 16, 2016, Modi and Putin revive Cold War bond with lucrative agreements between two nations  BENAULIM (India) Indian Prime Minister Narendra Modi and Russian President Vladimir Putin signed a raft of lucrative defence and energy pacts yesterday following talks aimed at reinvigorating ties between the former Cold War allies.

Mr Modi hailed Mr Putin as an “old friend” after their meeting in the Indian state of Goa, where leaders of Brazil, Russia, India, China and South Africa (Brics) were gathering for a summit.

“Your leadership has provided stability and substance to our strategic partnership,” Mr Modi said alongside Mr Putin at a beachside resort, after officials signed up to 20 agreements between the two nations……..

They also signed an initial agreement on India’s purchase of Russia’s state-of-the-art S400 missile defence system, capable of shooting down multiple incoming missiles, although there were no details on a timeframe for delivery. The system would strengthen India’s defences along its borders with China and Pakistan……..

The leaders also signed a framework agreement to supply more reactors to a nuclear plant in Kudankulam in southern India, which is attempting to reduce its reliance on highly polluting coal for power. Mr Putin said that Russia would be able to build a dozen nuclear reactors in India over the next 20 years to back Mr Modi’s growth strategy for Asia’s third-largest economy, which continues to suffer power shortages………

Mr Modi was expected to hold talks with China’s President Xi Jinping late yesterday, also in the hope of boosting investment and trade. Relations, however, have been frustrated by Beijing’s decision so far to block New Delhi’s entry to a nuclear trade group, among other issues. http://www.straitstimes.com/asia/south-asia/india-russia-ties-boosted-by-defence-energy-deals

October 18, 2016 - Posted by | India, marketing, Russia

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