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 was attended by around 80 delegates from both countries, who discussed the progress made so far and explored opportunities for collaboration in various key sectors.
The meeting was a testament to the strong industrial and technological ties between India and Russia, which have been growing steadily over the years. The two nations have a long history of cooperation, dating back to the Soviet era, and have been working together to boost their economic and industrial ties.
During the session, officials from both sides discussed the latest developments in various sectors, including aerospace, mining, fertilisers, railways, and advanced technologies like 3D printing. The discussions were aimed at identifying areas of cooperation and exploring ways to strengthen their industrial ties.
One of the key areas of focus was the aerospace sector, which has been a major area of cooperation between India and Russia. The two nations have been working together to develop advanced aircraft and aircraft components, including the Sukhoi Su-30MKI fighter jets and the Il-76 transport aircraft. The session provided an opportunity for the two sides to discuss the progress made so far and explore ways to further deepen their cooperation in this sector.
Another key area of focus was the mining sector, where India and Russia have been working together to develop new technologies and explore new opportunities for collaboration. Russia is one of the world’s largest producers of minerals, including iron ore, coal, and diamonds, and India is a major consumer of these resources. The session provided an opportunity for the two sides to discuss ways to increase their cooperation in this sector and explore new opportunities for trade and investment.
The fertiliser sector was another area of focus, with India and Russia discussing ways to increase their cooperation in this sector. India is a major producer of fertilisers, but the sector is facing challenges due to declining productivity and increasing competition from imports. Russia, on the other hand, is a major producer of fertilisers and has been exploring ways to increase its exports to India. The session provided an opportunity for the two sides to discuss ways to increase their cooperation in this sector and explore new opportunities for trade and investment.
The railways sector was also an area of focus, with India and Russia discussing ways to increase their cooperation in this sector. India is a major user of railways, with a vast network of rail tracks and a large number of passengers and freight trains. Russia, on the other hand, has a well-developed railways sector and has been exploring ways to increase its exports of railway equipment and technology to India. The session provided an opportunity for the two sides to discuss ways to increase their cooperation in this sector and explore new opportunities for trade and investment.
Advanced technologies like 3D printing were also an area of focus, with India and Russia discussing ways to increase their cooperation in this sector. 3D printing is a rapidly growing industry, with a wide range of applications in manufacturing, healthcare, and other sectors. The session provided an opportunity for the two sides to discuss ways to increase their cooperation in this sector and explore new opportunities for trade and investment.
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 will be taken to implement them. It also provides a framework for the two sides to work together to address the challenges facing their industries and to explore new opportunities for trade and investment.
In conclusion, the 11th Working Group Session on Modernisation & Industrial Cooperation between India and Russia was a significant development in the ongoing process of strengthening their industrial and technological ties. The session provided an opportunity for the two sides to discuss the latest developments in various sectors and to explore ways to increase their cooperation and collaboration. The signing of the protocol at the end of the session reaffirms the commitment of both nations to strengthen their industrial ties and to work together to address the challenges facing their industries.
Source:
https://www.refersms.com/india-russia-boost-ties-in-key-sectors/
