Talking to FE, senior officers in external affairs ministry said the IGC is the coordinating body as far as the development of trade and economic ties of the two countries is concerned. The 9th session was held in May 2003 in Moscow to discuss ways of strengthening trade relations between the two countries, they said.
Denis Alipov, first secretary (commercial), Russian Embassy, New Delhi, said that the official-level inter-agency consultations would also focus on issues of strategic importance and non-proliferation, aimed at reactivating the bilateral relations between the two countries.
In the coming weeks and months, such exchanges are going to increase, Mr Alipov added.
Trade and economic cooperation of Russia and India is marked with the positive growth tendency. In the recent years annual trade turnover stands at $1.3-1.7 billion (without arms sales).