Prime Minister Narendra Modi said that trade and commerce has a huge role to play in changing the world and Russian companies were increasingly becoming interested in doing business in India.
Narendra Modi Russia visit: Prime Minister Narendra Modi, who is in Russia as part of his four-nation visit to Europe, attended the CEO’s forum in St Petersberg with Russian President Vladimir Putin and said that trade and commerce has a huge role to play in changing the world and Russian companies were increasingly becoming interested in doing business in India. He said that Russia had always been at India’s side and even the business community there has helped in bringing both the countries together.
Both the countries also concluded a pact to set up the last two units of the Kudankulam nuclear plant with the help of Russia in Tamil Nadu. A joint statement about a vision document issued by both countries said, “We welcome the conclusion of the the General Framework Agreement and Credit protocol for Units 5 and 6 of the Kudankulam Nuclear Power Plant”. According to PTI, the reactors would be built by the Nuclear Power Corporation of India Lid and Russia’s Atomstroyexport, a Rosatom subsidiary. According to reports, each of these units will have the capacity to produce 1000 MW of power. Both the leaders also issued a joint statement and informed that 5 agreements had been signed between the countries, ANI reported. According to the report, which quoted the joint statement, both India and Russia had a shared commitment to prevent the proliferation of weapons of mass destruction. It said that the economies of both the countries complemented each other in the energy sector would strive to build an “Energy Bridge” between the states. The leaders also welcomed the cooperations among energy companies to mordernise the existing power stations and build new ones in India.
Earlier in the day, PM Modi had met President Putin and had spoken about the bilateral relations between both the countries. Speaking to reporters, the Prime Minister had said that unlike every relationship, where ups and downs happened, India and Russia have never had such problems in their long relationship. PM Modi had said that there was a special nature of trust and friendship between both the governments and the people and both the countries believed in the everyone’s benefit and happiness.