India is into Some New Agreements with Russia, See Here

Prime Minister Narendra Modi arrived on his two-day visit to Russia on Wednesday. PM Modi will be conferred with Russia's highest civilian honor 'Order of Saint Andrew the Apostle' on this tour. During this time he attended the 20th Indo-Russian Annual Conference with Russian President Vladimir Putin today. In this conference which lasted for about 2 hours, several agreements were reached between the representatives of the two countries. Let's look at the agreement between the two countries.

Agreement on defense spare parts

During this time, the two countries have reached an agreement on the spare parts of Russian equipment in the defense sector. The agreement reached today to jointly manufacture spare parts of Russian equipment in the field of defense by joint ventures of both countries in India will boost the industry.

The sea route between Chennai and Vladivostok

A meritime route has also been proposed between Chennai and Vladivostok to increase connectivity between India and Russia.

India Russia will work together in space

Topics ranging from defense, security, air and maritime connectivity to nuclear energy, trade and investment were discussed between the two countries. Talking about the partnership between various India and Russia, PM Modi said that today we have agreed to reach new heights of cooperation in many fields including defense, nuclear energy, space, business to business.

Agreement on LNG supply

India and Russia have signed an agreement for the supply of LNG. Under this agreement, Novatech will invest in the formation of future LNG terminals and joint ventures for the sale of LNG in India, Bangladesh and other markets.