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India, Russia ink 10 pacts including defence deals of around USD 4 bn

IRNA - Islamic Republic News Agency

New Delhi, Dec 24, IRNA -- India and Russia Monday inked as many as 10 pacts, including defence deals worth around USD four billion, as their leaders undertook an extensive review of bilateral cooperation, especially in the field of nuclear energy here today.

The pacts include MoU on cooperation in science, technology and innovation, cultural exchange programme and MoU to promote direct investment which envisages investments upto USD 2 billion in important bilateral projects or companies, privatisation and other opportunities.

The defence deals include contract for delivery of 71 Mi -17V-5 helicopters and contract for delivery of 42 technological kits for SU-30MKI aircraft licensed production.

The contracts were signed during the 13th India-Russia Annual Summit after talks between Prime Minister Manmohan Singh and visiting Russian President Vladimir Putin here today.

Singh and Putin held comprehensive talks on all key bilateral issues, including defence, space, trade and investment, science and technology, education, culture and tourism.

After his talks with Putin during his brief visit of nearly 18 hours, Singh said, 'We also discussed regional and global issues, on many of which there is a marked congruence in our approach.

About their discussions on regional and international issues, Singh said, 'India and Russia share the objective of a stable, united, democratic and prosperous Afghanistan, free from extremism, terrorism and external interference.

Islamic Republic News Agency/IRNA NewsCode: 1034738

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