cerberus
SENIOR MEMBER
- Joined
- Oct 8, 2014
- Messages
- 3,361
- Reaction score
- -20
- Country
- Location
India, Russia sign pact for joint production of 200 Kamov helicopters; Russian oil major Rosneft-led group to acquire India's Essar Oil
India announced that it will buy the S-400 Triumf air defence systems from Russia, worth over USD 5 billion, and collaborate in making four frigates, besides setting up a joint production facility for making Kamov helicopters.
The deals were announced following talks held between Prime Minister Narendra Modi and Russian President Vladimir Putin on the sidelines of the BRICS Summit.
The development comes as Russia hopes to stave off tough competition from the Americans and the Europeans to continue being India’s foremost defence supplier.
The two countries also signed a deal to pave the way for a group led by Russian oil major Rosneft to acquire India's Essar Oil. The group will acquire Essar Oil in a deal worth $12 billion to $13 billion, including debt, two sources privy to the deal told Reuters
The full text of Mr. Modi's address is here.
Updates:
2.32 pm: The sense of meeting (between Mr. Modi and Mr. Putin) was that the relationship has really progressed well in last 9 months,says Foreign Secretary S. Jaishankar
2.21 pm: Mr. Putin says: 'Industries of both countries are improving cooperation; military and technical cooperation is also improving'.
2.07 pm: The Prime Minister also appreciates Russia's clear stand on terrorism.
2.05 pm: Mr. Modi says, "Cross border terrorism threatens entire region."
2.02 pm: India proposes 8 new nuclear reactors from Russia. India will enlarge Indian presence in hydrocarbon sector, Mr. Modi said.
2.00 pm: The Prime Minister says, "Ka226T helicopters, frigates are new chapters in long history of partnership."
1.59 pm: Prime Minister Narendra Modi begins speech, says "an old friend is better than two new friends."
1.58 pm: Mr. Modi and Mr. Putin begin work at Kudankulam Unit 3 and 4 by button pressing
1.50 p.m.: Here are a list of MoUs and deals India and Russia have signed:
http://www.thehindu.com/news/national/latest-updates-day-1-of-brics-summit-at-goa/article9223507.ece
India announced that it will buy the S-400 Triumf air defence systems from Russia, worth over USD 5 billion, and collaborate in making four frigates, besides setting up a joint production facility for making Kamov helicopters.
The deals were announced following talks held between Prime Minister Narendra Modi and Russian President Vladimir Putin on the sidelines of the BRICS Summit.
The development comes as Russia hopes to stave off tough competition from the Americans and the Europeans to continue being India’s foremost defence supplier.
The two countries also signed a deal to pave the way for a group led by Russian oil major Rosneft to acquire India's Essar Oil. The group will acquire Essar Oil in a deal worth $12 billion to $13 billion, including debt, two sources privy to the deal told Reuters
The full text of Mr. Modi's address is here.
Updates:
2.32 pm: The sense of meeting (between Mr. Modi and Mr. Putin) was that the relationship has really progressed well in last 9 months,says Foreign Secretary S. Jaishankar
2.21 pm: Mr. Putin says: 'Industries of both countries are improving cooperation; military and technical cooperation is also improving'.
2.07 pm: The Prime Minister also appreciates Russia's clear stand on terrorism.
2.05 pm: Mr. Modi says, "Cross border terrorism threatens entire region."
2.02 pm: India proposes 8 new nuclear reactors from Russia. India will enlarge Indian presence in hydrocarbon sector, Mr. Modi said.
2.00 pm: The Prime Minister says, "Ka226T helicopters, frigates are new chapters in long history of partnership."
1.59 pm: Prime Minister Narendra Modi begins speech, says "an old friend is better than two new friends."
1.58 pm: Mr. Modi and Mr. Putin begin work at Kudankulam Unit 3 and 4 by button pressing
1.50 p.m.: Here are a list of MoUs and deals India and Russia have signed:
- Andhra Pradesh smart city project
- Shipbuilding in Andhra Pradesh
- Haryana smart city project
- Rosneft and Essar oil refinery infrastructure development
- Rosneft and OVL energy agreement
- Nagpur Secundrabad Hyderabad high speed train
- Ka226 helicopter deal
- Energy cooperation agreement for 2016 and '17
- Protocol for consultation between two foreign ministries of India and Russia
- Cyber security MoU
- Intergovernmental agreement on purchase of frigates from Russia
- S400 missile system deal
- Joint India Russia partnership for global security will be concluded today
- Kudankulam Unit 3 and 4 nuclear power plants ground laying in minutes.
- Special mention: Kudankulam unit 2 has begun generating energy.
- India Russia sign 18 agreements. A few likely to be announced later today.
http://www.thehindu.com/news/national/latest-updates-day-1-of-brics-summit-at-goa/article9223507.ece
