India, Russia hold talks to boost industrial and tech ties
India and Russia have made significant progress in strengthening their industrial and technological cooperation, with the latest development being the 11th Working Group Session on Modernisation & Industrial Cooperation held in New Delhi. The session witnessed a gathering of around 80 delegates from both nations, who discussed the progress made so far and explored new avenues of collaboration in key sectors.
The meeting, which took place on [Date], brought together officials from various ministries and departments of both countries to review the existing cooperation and identify new areas of mutual interest. The focus was on enhancing bilateral ties in sectors such as aerospace, mining, fertilisers, railways, and advanced technologies like 3D printing.
The discussions were aimed at charting a new path for industrial cooperation between India and Russia, building on the strong foundation laid over the years. Both countries have a long history of collaboration, and this session was an opportunity to take the partnership to the next level.
According to sources, the Indian delegation was led by officials from the Ministry of Commerce and Industry, the Ministry of Defence, the Department of Pharmaceuticals, and the Indian Space Research Organisation (ISRO). The Russian delegation, on the other hand, was led by officials from the Ministry of Industry and Trade, the Ministry of Defence, and the Russian Space Agency.
During the session, the two sides discussed the progress made in various areas, including the development of a joint venture for the production of helicopters in India. The Russian side also expressed interest in investing in India’s pharmaceutical sector, including the production of vaccines and other critical medicines.
The Indian delegation, meanwhile, sought Russian cooperation in the development of the country’s mining sector, particularly in the areas of coal and iron ore. The two sides also discussed the possibility of collaborating on the development of India’s railway network, including the introduction of high-speed trains.
In addition to these traditional areas of cooperation, the session also focused on exploring new opportunities in advanced technologies like 3D printing. Russia has significant expertise in this area, and the two sides discussed the possibility of collaborating on the development of 3D printing technology in India.
The session ended with the signing of a protocol, reaffirming the commitment of both nations to strengthen their industrial ties. The protocol outlined the areas of cooperation and the next steps to be taken to implement the agreements reached during the session.
In a statement, the Indian Ministry of Commerce and Industry said that the protocol was an important step towards deepening the industrial cooperation between India and Russia. The ministry added that the two sides had agreed to work together to promote mutual trade and investment, and to identify new areas of cooperation in key sectors.
For Russia, the session was an opportunity to strengthen its ties with one of its key partners in the Asia-Pacific region. The country has been looking to diversify its trade and investment ties with other regions, and India is seen as a key partner in this effort.
In conclusion, the 11th Working Group Session on Modernisation & Industrial Cooperation between India and Russia was a significant development in the bilateral ties between the two nations. The session demonstrated the commitment of both countries to strengthen their industrial cooperation, and the protocol signed at the end of the session outlined the next steps to be taken to implement the agreements reached.
As the two nations move forward, the possibilities for collaboration in key sectors like aerospace, mining, fertilisers, railways, and advanced technologies like 3D printing are vast and exciting. With the protocol in place, both countries can now work together to promote mutual trade and investment, and to identify new areas of cooperation that benefit both nations.
Source: https://www.refersms.com/india-russia-boost-ties-in-key-sectors/
