PM Modi holds summit talks with Russian President Putin

In his initial comments, Modi said there is no change in the pace of relations between India and Russia despite the COVID-19 pandemic.

Russian President Vladimir Putin and PM Narendra Modi
Russian President Vladimir Putin in meeting with PM Narendra Modi (right) in Delhi. (Picture: ANI)

Prime Minister Narendra Modi and President Vladimir Putin on Monday held the 21st India-Russia summit, covering an array of areas with an aim to further enhance the special and privileged strategic partnership between the two countries.

In his initial comments, Modi said there is no change in the pace of relations between India and Russia despite the COVID-19 pandemic.

Modi said the special and privileged strategic partnership between the two sides was getting stronger and both sides remained in touch on the situation in Afghanistan and other issues.

In the last few decades, the world witnessed many fundamental changes and different kinds of geopolitical equations and variables, but the friendship of India and Russia remained constant, Modi said.

“Your visit to India is a reflection of your commitment to ties with India,” the prime minister said.

The summit talks took place hours after the foreign and defence ministers of the two countries held their inaugural ‘2+2’ dialogue with an aim to widen the ambit of discussions on strategically important issues.

Putin flew into India on a short visit for the summit.

The day began with Defence Minister Rajnath Singh’s talks with his Russian counterpart Sergey Shoygu under the framework of the India-Russia Inter-Governmental Commission on Military-Technical Cooperation.

Separately, External Affairs Minister S Jaishankar held talks with his Russian counterpart Sergey Lavrov. Then the foreign and defence ministers of the two sides held the ‘2+2’ dialogue.

Lavrov and Shoygu arrived here late Sunday night.

At the end of the talks between the defence ministers, both sides inked an agreement for joint production of over six lakh AK-203 assault rifles at a manufacturing facility in Uttar Pradesh’s Amethi besides firming up another pact on military cooperation for 10 years.

The rifles will be manufactured for the Indian armed forces at a cost of around Rs 5,000 crore.

The agreements were signed at the 20th meeting of the India-Russia Inter-Governmental Commission on Military and Military-Technical Cooperation (IRIGC-M&MTC).

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.