India, Russia hold talks to boost industrial and tech ties
In a significant development, India and Russia recently held the 11th Working Group Session on Modernisation & Industrial Cooperation in New Delhi. The session brought together officials from both nations to discuss the progress of their industrial cooperation and explore new areas of collaboration in key sectors such as aerospace, mining, fertilizers, railways, and advanced technologies like 3D printing.
The event saw around 80 delegates participate, including representatives from Indian ministries, government agencies, and Russian companies. The session was a platform for the two nations to reaffirm their commitment to strengthening industrial ties and fostering cooperation in various sectors.
During the session, officials from both sides discussed the progress made in various areas of cooperation, including the aerospace sector. They explored ways to enhance collaboration in this sector, which is critical for both nations. The Indian space agency, ISRO, and the Russian space agency, Roscosmos, have a long-standing partnership, and there is potential for further cooperation in areas such as satellite manufacturing, launch services, and space exploration.
Another area of focus was the mining sector, where India and Russia can collaborate on exploration, extraction, and processing of minerals. Russian companies such as Rusal, which is one of the world’s largest aluminum producers, are already present in India, and there is scope for further cooperation in this sector.
The fertilizers sector was also a key area of discussion. India is one of the largest consumers of fertilizers in the world, and Russia is a significant producer of these products. There is potential for collaboration between Indian and Russian companies to develop new products and technologies that can benefit Indian farmers.
The railway sector was another area where officials from both sides discussed cooperation. India has been upgrading its rail network, and Russian companies such as Transmashholding, which is one of the largest rail equipment manufacturers in the world, can provide expertise and technology to support these efforts.
In addition to these traditional areas of cooperation, the session also focused on advanced technologies such as 3D printing. This technology has the potential to transform various sectors, including aerospace, automotive, and healthcare, and there is scope for collaboration between Indian and Russian companies to develop new products and applications.
The session ended with the signing of a protocol, reaffirming both nations’ commitment to strengthening industrial ties. The protocol outlines the areas of cooperation, the timeline for implementation, and the roles and responsibilities of both parties.
The 11th Working Group Session on Modernisation & Industrial Cooperation was a significant event that underscores the strong industrial ties between India and Russia. Both nations have a long-standing relationship that is built on trust, mutual respect, and cooperation. The session was a platform for officials from both sides to discuss progress, identify new areas of cooperation, and reaffirm their commitment to strengthening industrial ties.
In recent years, India and Russia have made significant progress in various sectors, including defense, energy, and agriculture. The partnership between the two nations has been strengthened by regular high-level visits, including the visits of Prime Minister Narendra Modi to Russia and Russian President Vladimir Putin to India.
The signing of the protocol at the 11th Working Group Session on Modernisation & Industrial Cooperation is a significant development that demonstrates the commitment of both nations to strengthening industrial ties. The protocol outlines the areas of cooperation, the timeline for implementation, and the roles and responsibilities of both parties.
In conclusion, the 11th Working Group Session on Modernisation & Industrial Cooperation was a significant event that underscores the strong industrial ties between India and Russia. The session was a platform for officials from both sides to discuss progress, identify new areas of cooperation, and reaffirm their commitment to strengthening industrial ties.
Source: https://www.refersms.com/india-russia-boost-ties-in-key-sectors/
