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Modi Russia visit - Run upto & visit - news & discussions

Discussion in 'International Relations' started by Paliwal Warrior, Apr 21, 2015.

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  1. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    Modi will be visiting Russia twice this year

    once in Mid July and then in November

    Russia has been a traditional firend of India

    and these visits and run up to those visits will be very important to watch from the Indian Russian cooperation & deals in the areas of

    Defence
    Civil Nuke power
    Joint Research
    Joint projects
    Deepening Economic ties
    Oil & Gas deals


    so I am starting this thread to post & discuss all news relating to these visists & likely agreement deals that will be discussed proposed & signed during these visits
     
  2. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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  3. positron

    positron Captain FULL MEMBER

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    Already the A guy is tempted, and worse part is that the tank trials are not even complete and he calls it good tank
    Where as Arjun having proven its capability is still called scrap..
     
  4. Paliwal Warrior

    Paliwal Warrior Lt. Colonel ELITE MEMBER

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    India, Russia to discuss investment fund for high-tech items, defence | idrw.org


    India, Russia to discuss investment fund for high-tech items, defence

    Published April 21, 2015 | By admin
    SOURCE : THE HINDU

    [​IMG]

    In a move that could step up Russian investments in India, the two countries are in talks on setting up a joint investment fund for high-tech products, defence equipment and other areas of mutual interest.

    “A Russian team, headed by Sun Group’s Shiv Khemka, a member of the Russian Prime Minister’s Foreign Investment Advisory Council, will meet senior officials from the Indian Government to discuss details of the proposed fund on Tuesday,” a Department of Industrial Policy & Promotion (DIPP) official told BusinessLine.

    The corpus of the proposed Russia-India investment fund could be around $2 billion, but a final decision is yet to be taken. It will be a 50:50 joint venture between the two countries, the official added.

    Interestingly, India’s investment in Russia, at $7 billion, is more than double Russia’s investments of about $3 billion in India. However, with the Ukrainian crisis souring the country’s relations with the US and the EU, the equation could soon change.

    “Russia is keen to invest more in India as it is looking for alternate markets to divert its funds from the US and EU following the turmoil in Ukraine,” the official said.

    Russia has a similar investment fund with China launched in 2012, which was started with an initial corpus of $2 billion, contributed to equally by both partners. The Russia China Investment Fund, established jointly by the Russian Direct Investment Fund (RDIF) and China Investment Corp to make equity investments in projects, also seeks to raise another $2 billion from Chinese investors.

    RDIF has already inked a Memorandum of Understanding (MoU) with Indian financial services company IDFC Ltd to create the framework for joint investments in infrastructure and related industries. Each party will provide up to $500 million to invest in joint projects.

    “What Russia is seeking to do now is to create a much larger investment fund that has Government backing from both sides. It is highly interested in the defence sector and other high-tech areas, so it wants the fund to focus on such investments,” the official said.

    Hi-tech thrust

    Senior officials from the DIPP, including Secretary Amitabh Kant and officials from the Ministry of External Affairs, are likely to participate in the meeting on Tuesday. Russia is mainly interested in investing in high-tech products, including those related to the defence sector, while it is also open to setting up supply chains to support the requirement of production and maintenance of sophisticated equipment.

    Huge potential

    There is a huge opportunity for growth in India-Russia bilateral investments, currently at $10 billion, as Russia and China have total investments of $80 billion in each other’s countries. In the case of the US, the figure is much higher, at $109 billion.

    India and Russia are also working on a Free Trade Agreement to boost bilateral trade from the existing $6 billion, which is less than 1 per cent of India’s total foreign trade
     
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