India, Russia hold talks to boost industrial and tech ties
In a significant move to deepen industrial and technological ties, India and Russia held the 11th Working Group Session on Modernisation & Industrial Cooperation in New Delhi. The two-day session brought together officials from both nations to discuss progress and explore collaboration in key sectors, including aerospace, mining, fertilizers, railways, and advanced technologies like 3D printing.
The session, which was attended by around 80 delegates, aimed to strengthen the existing partnership between India and Russia in the industrial sector. Both countries have been working together to enhance their industrial cooperation, with a focus on sharing expertise, technology, and best practices.
The discussions during the session centered around the progress made by both countries in various sectors, including aerospace, mining, and fertilizers. The two nations also explored opportunities for collaboration in emerging technologies like 3D printing, artificial intelligence, and the Internet of Things (IoT).
One of the key areas of focus was the aerospace sector, where India and Russia have been working together to develop a joint venture to design and manufacture aircraft and helicopters. The two countries have also been cooperating in the development of military aircraft and helicopters, with Russia providing expertise and technology to India.
In the mining sector, India and Russia discussed ways to improve efficiency and productivity in coal mining operations. The two countries also explored opportunities for collaboration in the development of new mining technologies and the use of advanced analytics to improve mine planning and operations.
The fertilizers sector was another area where India and Russia discussed ways to boost cooperation. The two countries have been working together to develop a joint venture to manufacture fertilizers, with Russia providing expertise and technology to India.
The railways sector was also a key area of focus, with India and Russia discussing ways to improve efficiency and safety in rail operations. The two countries also explored opportunities for collaboration in the development of high-speed rail networks and the use of advanced technologies like signalling systems and communication networks.
The advanced technologies sector was another area where India and Russia discussed ways to boost cooperation. The two countries have been working together to develop joint projects in areas like 3D printing, artificial intelligence, and IoT. The two countries also explored opportunities for collaboration in the development of new technologies like blockchain and cryptocurrencies.
The session ended with the signing of a protocol, reaffirming both nations’ commitment to strengthen industrial ties. The protocol outlines the areas where India and Russia will cooperate in the future and provides a framework for the two countries to work together to achieve their goals.
In a statement, the Indian Ministry of Commerce and Industry said that the protocol signed by India and Russia would help to deepen their industrial cooperation and promote economic growth in both countries. The ministry also emphasized the importance of the aerospace, mining, fertilizers, and railways sectors in the Indian economy and the potential for collaboration with Russia in these areas.
The Russian Embassy in India also welcomed the signing of the protocol, saying that it would help to strengthen the industrial ties between the two countries and promote mutual economic interests. The embassy also emphasized the importance of the advanced technologies sector in the Russian economy and the potential for collaboration with India in this area.
In conclusion, the 11th Working Group Session on Modernisation & Industrial Cooperation between India and Russia was a significant step towards deepening the industrial and technological ties between the two countries. The session highlighted the potential for collaboration in key sectors like aerospace, mining, fertilizers, railways, and advanced technologies like 3D printing. The signing of the protocol at the end of the session reaffirmed both nations’ commitment to strengthen industrial ties and promote economic growth.
Source: https://www.refersms.com/india-russia-boost-ties-in-key-sectors/
