India, Russia focus on ramping up economic & defence ties


NEW DELHI, Dec. 24: Seeking to strengthen bilateral trade and investment, foreign minister of India Sushma Swaraj and visiting Russian deputy PM Dmitry Rogozin took stock of economic ties between the two countries. The two leaders co-chaired a meeting of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC).
Defence minister of India Nirmala Sitharaman also met Rogozin and held wide-ranging talks with the focus on further boosting the bilateral defence and security ties through joint manufacture and co-development of key military platforms and weapon systems.

"Indian External affairs minister and deputy Prime Minister of Russia Rogozin undertook a comprehensive review of economic cooperation in the areas of trade and investment, transport, energy, agriculture, industry and space under IRIGCEC (framework)," Indian MEA spokesperson Raveesh Kumar said.

On his third visit to India this year, Rogozin later called on Indian PM Narendra Modi. The PM noted with satisfaction the marked increase in highlevel exchanges this year and warmly recalled his own visit to St Petersburg in June for the Annual Bilateral Summit, said the government in a statement.

"Indian Prime Minister and deputy Prime Minister Rogozin discussed the steady expansion and diversification of bilateral ties, particularly noting the standout collaboration in the energy sector and the common pursuit of hightechnology cooperation,'' it said.




Sitharaman was also said to have apprised Rogozin about various policy initiatives taken by the government to encourage the domestic defence industry and added that Russian companies can take advantage of the reform measures and share defence technologies for manufacturing of military equipment and platforms. TOI

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