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NEW DELHI: PM Narendra Modireached out to Russian President Vladimir Putin, with the Nuclear Suppliers Group (NSG) plenary just days away, to get his support to become a member of the NSG.
The Kremlin said Modi and Putin - who has called India one of "the most honourable candidates" for permanent membership of the UN Security Council - "confirmed their intention to continue comprehensive deepening ofbilateral relations, which have the character of a very privileged strategic partnership."
Indeed, bilateral relations between the two BRIC nations have become closer in last few months, especially in sectors like defence and energy.
Defence cooperation
At the annual summit talks in December last year, India and Russia signed key defence and energy deals. Putin said that Russia would build six nuclear blocks in India in the next couple of decades. PM Narendra Modi said that there would eventually be 12 Russian-built nuclear reactors at the Kudakulam nuclear plant in Tamil Nadu - where Russian state corporation Rosatom currently operate two reactors - although he didn't say by when.
In a joint briefing, the two state heads also said India and Russia would jointly manufacture Kamov-226 helicopters, a transport aircraft and a multi role fighter jet. They added they are already making supersonic, ship-based Brahmos missiles for the Indian army.
In June, Rosatom chief and former Russian premier Sergey Kiriyenko said that nuclear and renewable power should complement each other, and that countries had to find the "right mix." However, his country in December decided to allow Indian firms to invest its oil and gas sector, in a move that was projected to substantially increase bilateral annual trade.
India's envoy to Russia, PS Raghavan said last December that Russia considers its huge oil and gas reserves as strategic resources and is allowing Indian firms "extensive exposure" to them in sync with close bilateral ties.
Top Comment
Modi - best foreign policy ever?Piyush Kumar
"This is really a rush by India into Russia's hydrocarbons sector," he told PTI.
Last September, ONGC Videsh Limited signed a deal to pick up 15 per cent stake in Vankor oil field owned by Rosneft. Oil India Ltd and Indian Oil Corporation also signed a non-binding agreement with the Russian oil behemoth that set out a time-frame to finalise a deal to pick up a stake in Taas-Yuryakh Neftegazodobycha oil field, a major one in Siberia. In March, IOC, Oil India, and Bharat PetroResources concluded the agreement.
The Kremlin said Modi and Putin - who has called India one of "the most honourable candidates" for permanent membership of the UN Security Council - "confirmed their intention to continue comprehensive deepening ofbilateral relations, which have the character of a very privileged strategic partnership."
Indeed, bilateral relations between the two BRIC nations have become closer in last few months, especially in sectors like defence and energy.
Defence cooperation
At the annual summit talks in December last year, India and Russia signed key defence and energy deals. Putin said that Russia would build six nuclear blocks in India in the next couple of decades. PM Narendra Modi said that there would eventually be 12 Russian-built nuclear reactors at the Kudakulam nuclear plant in Tamil Nadu - where Russian state corporation Rosatom currently operate two reactors - although he didn't say by when.
In a joint briefing, the two state heads also said India and Russia would jointly manufacture Kamov-226 helicopters, a transport aircraft and a multi role fighter jet. They added they are already making supersonic, ship-based Brahmos missiles for the Indian army.
In June, Rosatom chief and former Russian premier Sergey Kiriyenko said that nuclear and renewable power should complement each other, and that countries had to find the "right mix." However, his country in December decided to allow Indian firms to invest its oil and gas sector, in a move that was projected to substantially increase bilateral annual trade.
India's envoy to Russia, PS Raghavan said last December that Russia considers its huge oil and gas reserves as strategic resources and is allowing Indian firms "extensive exposure" to them in sync with close bilateral ties.
Top Comment
Modi - best foreign policy ever?Piyush Kumar
"This is really a rush by India into Russia's hydrocarbons sector," he told PTI.
Last September, ONGC Videsh Limited signed a deal to pick up 15 per cent stake in Vankor oil field owned by Rosneft. Oil India Ltd and Indian Oil Corporation also signed a non-binding agreement with the Russian oil behemoth that set out a time-frame to finalise a deal to pick up a stake in Taas-Yuryakh Neftegazodobycha oil field, a major one in Siberia. In March, IOC, Oil India, and Bharat PetroResources concluded the agreement.
