India, Russia Hold Talks to Boost Industrial and Tech Ties
In a significant development, India and Russia held the 11th Working Group Session on Modernisation & Industrial Cooperation in New Delhi, aimed at strengthening their industrial and technological ties. The session, which saw the participation of around 80 delegates, focused on exploring collaboration opportunities in key sectors such as aerospace, mining, fertilisers, railways, and advanced technologies like 3D printing.
The meeting was a crucial step in deepening the bilateral relations between the two nations, which have been steadily growing since the signing of the India-Russia Intergovernmental Agreement on Industrial Cooperation in 2000. The agreement has facilitated cooperation in various areas, including defence, nuclear energy, and space exploration.
At the 11th Working Group Session, officials from both countries discussed the progress made so far and explored new avenues for collaboration. The discussions centered around the development of joint projects, technology transfer, and capacity building in areas of mutual interest. The session also saw the signing of a protocol, which reaffirmed the commitment of both nations to strengthen their industrial ties.
India and Russia have been working together on various projects, including the development of the BrahMos missile system, the production of Sukhoi fighter jets, and the construction of nuclear power plants. The two nations have also been cooperating in the field of space exploration, with India’s Space Research Organisation (ISRO) and Russia’s Roscosmos Agency signing a memorandum of understanding in 2019 to collaborate on space-based projects.
The aerospace sector was a major focus area during the session, with officials discussing the potential for cooperation in areas such as aircraft production, maintenance, and repair. India’s Hindustan Aeronautics Limited (HAL) and Russia’s United Aircraft Corporation (UAC) have been working together on various projects, including the development of the Sukhoi Su-30MKI fighter jet.
The mining sector was another area of interest, with officials discussing the potential for cooperation in areas such as coal, iron ore, and rare earth minerals. India is rich in mineral resources, and Russia has been looking to increase its investments in the sector. The two nations have also been cooperating in the field of fertilisers, with Russia’s Uralkali and India’s Urea Association signing a memorandum of understanding in 2019 to collaborate on fertiliser production.
The railways sector was also a major focus area, with officials discussing the potential for cooperation in areas such as rail infrastructure development, rolling stock manufacturing, and logistics. India’s Indian Railways and Russia’s Russian Railways have been working together on various projects, including the development of high-speed rail corridors.
Advanced technologies like 3D printing were also discussed during the session, with officials exploring the potential for cooperation in areas such as additive manufacturing, robotics, and artificial intelligence. 3D printing has the potential to revolutionise various industries, including aerospace, healthcare, and automotive, and the collaboration between India and Russia could lead to the development of new technologies and products.
The 11th Working Group Session on Modernisation & Industrial Cooperation was a significant step forward in the bilateral relations between India and Russia. The session ended with the signing of a protocol, reaffirming both nations’ commitment to strengthen their industrial ties. The protocol outlines the areas of cooperation and the steps that need to be taken to achieve the goals set forth in the India-Russia Intergovernmental Agreement on Industrial Cooperation.
In conclusion, the 11th Working Group Session on Modernisation & Industrial Cooperation between India and Russia was a major success, with officials from both countries discussing progress and exploring collaboration opportunities in key sectors such as aerospace, mining, fertilisers, railways, and advanced technologies like 3D printing. The session ended with the signing of a protocol, reaffirming both nations’ commitment to strengthen their industrial ties.
Source:
https://www.refersms.com/india-russia-boost-ties-in-key-sectors/
