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    Russia - India Strategic Relationship: News

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    Austin

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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Sun Aug 16, 2015 1:38 pm

    Mort Walker is just an American and there are many Indian-American out there who does not want Russia relation with India to grow but its a lost cause.

    At the Government level both have stated many times relation and business will just grow.
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    Werewolf

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    Re: Russia - India Strategic Relationship: News

    Post  Werewolf on Sun Aug 16, 2015 2:02 pm

    Austin wrote:Mort Walker is just an American and there are many Indian-American out there who does not want Russia relation with India to grow but its a lost cause.

    At the Government level both have stated many times relation and business will just grow.

    That is what i've expected, good thing indians at least from perception the majority does not uphold such pro-US views and anti-russian views with such distorted view like that one guy i remember who said the russians learned from india how to make tanks or like that guy because only thing that russia uses india for is money, but US is a partner that sees india as an equal and cares about india and not the money...

    Austin

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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Sun Aug 16, 2015 5:57 pm

    Lot of heart burn among the Americans that India still sticks to Russia when it comes to strategic issues and have joined BRICS and SCO.

    US Lost MMRC inspite of having 2 US Aircraft in competition.

    With Modi in power you can expect India-Russia strategic relation will grow
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    RTN

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    Re: Russia - India Strategic Relationship: News

    Post  RTN on Sun Aug 16, 2015 9:32 pm

    Werewolf wrote:Sorry Austin but reading this garbage, i would safely assume that is a lost cause.

    I hope people reading your posts do not arrive at the same conclusion about this forum.
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    George1

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Fri Aug 21, 2015 1:55 am

    India-Russia TV Agreement Has Potential Audience of 700 Mln


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    GarryB

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    Re: Russia - India Strategic Relationship: News

    Post  GarryB on Sat Aug 22, 2015 9:34 am

    I hope people reading your posts do not arrive at the same conclusion about this forum.

    well he does have a point... I mean if someone can get away with saying Brahmos is an Indian missile with minimal Russian input... It is pretty much a Yakhont with upgraded electronics... in other words a downgraded Onyx with modern electronics...

    Might as well say the Su-30MKI is French and Israeli.


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    Austin

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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Thu Aug 27, 2015 4:45 pm

    Help Russia during testing time of sanctions, Rostec appeals to Modi government
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    Pinto

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    Re: Russia - India Strategic Relationship: News

    Post  Pinto on Thu Aug 27, 2015 5:11 pm

    Time has come for India to show her gratitude to the Russia and its people by standing with its time tested friend.

    India has made some positive moves by joining SCO, BRICS and also on Crimea issue thumbsup. BUT MORE NEEDS TO BE DONE to make our relations with Russia truly exclusive
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    Re: Russia - India Strategic Relationship: News

    Post  GarryB on Fri Aug 28, 2015 10:50 am

    India has already done a lot for Russia over the last few decades, they don't need to prove themselves good allies and vice versa.

    Russia and India don't need an exclusive relationship... they do need to be wary about outside forces trying to drive a wedge between them however.


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    Re: Russia - India Strategic Relationship: News

    Post  higurashihougi on Fri Aug 28, 2015 11:38 am

    Actually Russia-India military relationship just has been warmed recently. Because in the Korean War, India chose the side of South Korea against North Korea and that made Russia feel uneasy. Although shortly after than India began to lean more and more towards Russia, Russia still felt skeptical.

    That is the reason why Russian weapons only found it way into Indian market recently. First is some amount of MiG-21/23. Then some T-72. Then after 1991 Russia began to sell AK 7,62mm, T-72, Su-30MKI, etc etc.

    In short, just only until the late period of XX century India began to rapidly replace their Western weapons with Russian weapons. However, it is clear that Russian weapons is dominating and will dominate Indian market for sure.

    Austin

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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Tue Sep 01, 2015 10:55 am

    Russia still has a role
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    Pinto

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    Is Russia shifting focus from China to India for its oil barrels ?

    Post  Pinto on Mon Sep 14, 2015 8:46 am

    With China's economy on the backburner, and its oil fields on the US sanctions list, Russia is all set to sell its oil to India, a Business Insider report has said.

    The decision got the breath of life in December 2014 when Prime MinisterNarendra Modi met with Russian President Vladamir Putin with oil, hydrocarbons, nuclear energy and defence sectors in focus, soon translated into a bilateral trade agreement with a target of $30 billion by 2025, and oil deals from Russia with Indian oil suppliers.

    At the December summit, India-Russia's bilateral trade was pegged at a target of $30 billion by 2025. The CII had said that it was convinced that the two countries will be able to achieve the target.


    “The Druzhba-Dosti joint statement of President Putin and Prime Minister Modi in December 2014 sets the stage for expansion of the bilateral economic engagement in many dimensions, including trade, investment, defence, and energy," President CII Sumit Mazumder said.

    According to the Business Insider report, China's deals with Russia have often met with dead-ends, and with the world's second largest economy's growth slowing, trade between the two countries has fallen.

    According to the report, China and Russia had made a gas deal in May 2014, which included the construction of two pipelines to transport Russia’s gas to China. The deal was suspended in July, leaving Russia in the lurch.

    China's stock market rout and slowing growth has every huge investor on the sidelines, trying to take stock of the situation.

    The report states that Russia's exports to China were down 20% compared to last year, whlie only China only invested under $1.6 billion into Russia in 2014 while Russia invested a whopping $151.5 billion during the same year into the Chinese economy.

    Russia's Rosneft buys nearly 50% in Essar Oil


    On July 9, Russia's Rosneft signed a deal to buy 50% stake in Essar Oil for for about $3.2 billion after excluding the Mumbai-based firm's flourishing coal-bed methane (CBM) business.

    Last year, Rosneft had signed an initial deal to supply 10 million tonnes a year or 200,000 barrels per day (bpd) of oil to Essar Group over 10-years.

    Rosneft, the world's top listed oil producer, will get a hold in India's second biggest oil refinery as well as its 1,600 petrol pumps that will more than triple to 5,000 in two years.


    According to the deal, the Russian firm will also supply 10 million tonnes a year of crude to Essar Oil's 20 million tonnes per annum Vadinar refinery in Gujarat for 10 years.

    "Rosneft and Essar Oil & Gas Ltd/ Essar Energy Holdings Ltd, companies incorporated and managed under the laws of Mauritius, have signed a non-binding Term Sheet with regard to Rosneft's participation in the equity capital of Essar Oil Ltd with a share of up to 49%," Essar Oil said in a statement.

    On the back of the deal, Essar is likely to cut imports from Iran to accommodate Russian barrels. Essar currently depends heavily on Iran to feed its Vadinar refinery, importing about one-fourth of its oil needs from the Persian Gulf nation.

    Rosneft in a statement said the crude supply agreement enables it to expand market outlet and amplifies the volume of supplies to the region, where growing points of the world's economy are concentrated.

    Apart from this, Rosneft has also sold 15% of its second biggest oil field of Vankor to ONGC for nearly 8,390.36 crore, making it the fourth largest acquisition for the for the state-owned company. The field, which has recoverable reserves of 2.5 billion barrels, will give OVL 3.3 million tonnes per annum of oil production.

    Given that China's growth is slowing, and India's GDP is slated to grow at a faster pace, in percentage terms, according to the IMF and World Bank, Russia might just be shifting its focus to the sub-continent to keep its investment safe.

    http://www.dnaindia.com/money/report-is-russia-shifting-focus-from-china-to-india-for-its-oil-barrels-2125053

    Austin

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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Wed Oct 14, 2015 1:50 pm

    PAK-FA is an Evolving Aircraft. Right Now, work is Underway to Build a Prototype That Both Russia and India Wants

    Ambassador of India to the Russian Federation, P.S. Raghavan

    http://forceindia.net/Interview_PSRaghavan.aspx ( FORCE Magazine OCTOBER )

    There is a sentiment that the India-Russia relationship does not have the same momentum that it did in the past. How real is this feeling?

    This may be the sense of one segment within Russia. It is neither widespread nor true. If ever there was a dip in the relationship it was in the Nineties. However, by the beginning of the decade of 2000, the relationship picked up. President Vladimir Putin had expressed a public desire for strengthening the ties and we had responded equally enthusiastically. The sense that you are talking about has come up in the last four or five years; particularly in the defence sector. Because there were a number of projects that were announced or discussed but were seen by some as not making sufficient headway. Hence, it appeared that there was some sort of cooling off, but this is more a matter of perception than reality. Moreover, these things are episodic. Every time India buys something from the United States, it is magnified several times and there is disappointment in some circles in Russia.

    Yet, if you look at our defence purchases, and the dependence our armed forces have on Russian platforms, it will be a long, long time before the relationship is affected and our dependence on Russia as the basic supplier of defence equipment is reduced.

    The specific complaint that the Russian industry has is that India has started to buy equipment through Foreign Military Sale (FMS) route from the United States, whereas Russian companies have to compete ?


    It is the government’s decision to diversify defence purchases to some extent. As our Prime Minister said, we have options and we are availing those options; however, even as we avail those options, Russia will remain our biggest defence partner. We cannot stop acquiring from other countries and Russia does not have a problem with that. As long as we remain committed to the programmes we have charted out with Russia, we can move forward in a purposeful manner.

    So there is nothing wrong in our relationship with Russia at a macro level?


    There is nothing wrong in our bilateral relationship at the fundamental level. Yes, there was occasionally a sense of drift in recent years, but then things are changing. Our new government is also committed to strengthening the Russia relationship. In the joint press conference with President Putin last year, Prime Minister Narendra Modi said that while we may have choices, Russia will remain our primary defence partner. He added that Russia has stood with us in our times of need. The instructions given to us are that we have to take forward the bilateral relationship with great vigour. There is disappointment in some quarters because certain programmes are not moving as quickly as the Russians would want them to. But actually if one sees carefully then a lot of things are happening.

    What are these things?


    At the same press conference last year, Prime Minister announced joint manufacture of helicopters in India. This is a new project to manufacture Kamov 226T. Now we are moving ahead on this programme. We have asked the Russians to come to India with a business plan, complete with timelines and technical specifications. We met up with the Russian Helicopters here at this show also. We are going to start the technical discussion very soon as to how the joint manufacturing would happen. The aircraft is well-known to us; it had also undergone trials in India earlier.

    In terms of Make in India, how will the production happen? Will it be in partnership with a private sector or public sector company?

    The Make in India model envisages that the foreign original equipment manufacturer (OEM) form a joint venture (JV) with an Indian partner. This joint venture company then becomes the manufacturer of the aircraft and will negotiate the contract with the government. There are certain conditions which the government of India has laid down, which will have to be met by this JV. These pertain to technical specifications, indigenisation, timelines, transfer of technology etc. Once these are negotiated, a business plan for production can be finalised. A government to government agreement will also be signed for the realisation of the programme.

    The OEM is free to choose its partner. It could be anyone, a private sector or a public sector company. It could even be Hindustan Aeronautics Ltd (HAL) if the OEM so decides. Since the helicopters will be made in India by the JV, there is no specific offset obligation. However, the concept of offsets would come in through technologies transferred, IPR transfer and through our ability to then export the aircraft.
    It is possible that initially some helicopters may come in the form of completely knocked down (CKD) or semi knocked down (SKD) condition because we may want to induct some quickly. It is also possible that they may not be able to transfer some technology because it may not be theirs to begin with. But within these limitations, the idea of Make in India is that we have to maximise technology transfer.

    How will this be different from the current programme of Su-30MKI where HAL is manufacturing the aircraft in India on Transfer of Technology (ToT)?


    That is not Make in India in the same way. That is licensed production. HAL is assembling the fighters under licensed production from Russia. There is a certain element of ToT, but it is not large. What we are talking about is a bigger ToT to be determined by negotiations. The components would be eventually manufactured in India as well as the aircraft. There will be genuine ToT and transfer of IPR. Moreover, we will be able to export as well.

    What is holding up the Fifth Generation Fighter Aircraft (FGFA) programme?


    There was a lack of progress in the last few months, but we believe that we have now resolved several technical issues that were pending. Both the Indian Air Force (IAF) and HAL have had discussions with the Russians on issues that were hanging fire.

    But given that the Russian FGFA has already been flying for the last few years, where does India’s role in joint development fit in? Won’t we be buying a ready aircraft?


    It was always the case that there was a Russian aircraft on which work was proceeding to develop stealth features. You saw a version of this being demonstrated at the MAKS Air Show. Basically, FGFA will be an aircraft with advanced stealth capabilities. When it was first envisaged, it was decided that we would work on progressively adding stealth features to an existing basic aircraft model until it reaches the required technical capabilities. This is why even today, even with the aircraft flying, it is work in progress. Our objective is to develop an aircraft with agreed technical parameters.

    Will it be fair to say that like Su-30MKI, we will ask the Russians to incorporate Indian specifications, including indigenous elements, in the FGFA for the IAF, given that the Russians seem to have frozen the design of the fighter?


    It is not correct to say that the design has been frozen. PAK-FA is an evolving aircraft. Right now, work is underway to build a prototype that both Russia and India wants. There was a preliminary design phase whose objective was to deliver the first prototype for the work to begin. That phase is over. Now we are negotiating on the final design phase where the prototype would be frozen. Once this is done, we will enter the production phase, when issues of weaponisation would be discussed and finalised.

    Given this when can we expect the agreement to be signed?


    I can’t answer this. Both the IAF and HAL are currently engaged in technical discussions with the Russians. Signing of the agreement will depend upon the pace of the negotiations.

    What is the update on Medium Transport Aircraft?

    It is at a similar stage at the moment. We are going through technical and price negotiations. We need to reach a product that meets our technical requirements at a price which is viable over its life cycle.

    Does it mean that we may decide not to go ahead with the programme?


    We have a joint venture and we are continuing our discussions. As long as both are in place, there is no reason to believe that we will not go ahead with the programme.

    What is our position on the Russian overtures, including sale of defence equipment, to Pakistan? It seems that the two are keen on building a defence relationship, given the high profile visits by military and political leaders on both side.


    We have been hearing about the sale of some defence equipment by Russia to Pakistan for the last year and a half, and other interactions as you mention. But, rather than comment on Russia’s relationship with Pakistan, I would say that India-Russia defence ties are at a level of intensity and trust that pre-supposes a clear understanding of mutual security concerns. For India, this means we would not like to see any present or potential adversary armed with defence equipment that could impact on our security. I believe Russia is sensitive to this concern of ours and we have seen official Russian statements to this effect.

    The second point here is that, whenever we buy anything from Russia we would like to make sure, one, that it is better than what is available to us from anywhere in the world; and two, that the same technology and performance levels of the equipment are not being made available to others.

    I reiterate the point that volume of our defence contracts with Russia, whether it is direct purchase or co-development, is huge. We are Russia’s number one defence customer. Even if we try, it will take longer than a generation to move away from Russian defence equipment. But we are not trying to veer away from Russia. All these new projects are getting us further engaged with Russia. Defence projects also have a gestation period. They can’t have the same level of turnover continuously. If you recall, from 2012 to 2014, so many Russian platforms were inducted into our army, air force and navy. Obviously, there follows a period of relative lull when new projects are being discussed and perhaps don’t move at the pace one would like them to.

    What progress have we made with Russia on Glonass?


    Glonass has multiple applications and Russia is very keen to develop those applications in India. They are already in touch with a number of private players to roll out these applications. As far as I know, they want to talk with Antrix Corporation about manufacturing their receivers in India. These will be multi-system receivers, which will be able to receive Glonass and IRNSS signals.

    Will they allow us to have military resolution on Glonass?


    That is a matter of negotiation.

    Till a few years ago, one heard a lot about Indian investments in Sakhalin, but it seems to have quietened now. What is the update on the energy sector?


    Sakhalin-I has been ONGC’s most profitable investment abroad. But ONGC also invested in Imperial Energy’s oilfields in Tomsk about six-seven years ago, and this is where it has been having problems. The geological conditions have made it difficult to viably extract oil here. It’s a phenomenon called tight oil. This raised questions about the viability of the project. Now they are developing some new technologies to overcome that. This may have somewhat slowed Indian investments in Russia’s energy sector.

    But now the situation is looking up once again and India has come back with vigour to invest in hydrocarbons. Prime Minister Modi told President Putin in December last year that since India is an energy-hungry country and Russia is an energy-surplus one, we need to have a strategic vision for cooperation in hydrocarbons. ONGC is currently negotiating some investment projects in Siberia. A lot is happening in other areas too. Essar Group has signed a long term agreement for purchase of oil. Rosneft has picked up 49 per cent shares in an Essar refinery in Gujarat. GAIL has an agreement to lift LNG from Russia. In addition, a joint working group has been formed for a feasibility study on building a gas pipeline from Russia to India. We already have cooperation in nuclear energy which is doing very well, but hydrocarbon is an area of great promise. Russia is very keen that we invest in projects in East Siberia and the Arctic region.

    Given all this, what are your priority areas to further deepen the bilateral relationship?


    We have a special and privileged strategic partnership with Russia. This is what we call it. To sustain and justify it, we need to develop all pillars of it equally. One pillar which is relatively weaker is trade. Reviving Rouble-Rupee trade is easier said than done, though two central banks are actually working on the possibility. We expect their report in a few months. Earlier we could trade in Rouble-Rupee, because both currencies were non-convertible. Today, we have a convertible Rouble and a partially convertible Rupee, so it is difficult to trade. But let’s be clear, Rouble-Rupee trade is not a panacea – a solution to weak economic ties. Trade can only grow when both countries want to buy each other’s products. We need greater promotional efforts.

    The other area is investments. I have already spoken about hydrocarbons. The other areas that we are interested in are natural resources. Russia is the richest country as far as natural resources are concerned. We are now looking at fertilisers, white coal and some other resources.

    Nuclear energy has developed very well and has the potential of growing fast. This also fits into our plans. We have put in a very ambitious plan in the last summit meeting, that we will develop at least 12 reactors in two decades. We have two at present; the second one will be commissioned soon. We have already signed the general framework agreement for three and four. We will start the spadework for reactors five and six soon, because these things take time.

    Even in the defence sector, there is so much in the pipeline that all we need is focussed attention to see the programme through to completion. Unfortunately, the media focuses on big ticket items because they make instant news. But actually there are so many small projects, amounting to a lot of money, which are being done quietly.

    Product support is one of the recurring problems with Russian equipment. While Indian companies complain of poor support by the Russian OEMs, they feel constraint because all transactions happen through Rosoboronexport. Why can’t Indian users deal with the Russian companies directly, at least in respect of spares etc?


    Over the last one or two years, we have been discussing the after-sale product support issue constantly with the Russians. Since then, 23 OEMs, by the decree of President Putin, have been given the right to deal directly with the Indian users for servicing, upgradation, repair and maintenance of Russian platforms. So, they are now able come to India directly to resolve these issues with the Indian users and industrial partners. Why do you think 30 Indian companies came to MAKS and secretary, department of defence production took the time and effort to preside over a special Make in India session with Indian and Russian arms companies. Indian companies are very keen to start this process and the Russians are conscious of the fact that after sales support is crucial to selling more of their equipment in India. The Indian Embassy in Russia, along with the Russian ministry of industry & trade, organised another interaction of Indian and Russian companies during the Show. The second such conference will be organised in India soon.
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    George1

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    Re: Russia - India Strategic Relationship: News

    Post  George1 on Tue Oct 20, 2015 10:43 pm

    Trade turnover between Russia, India to reach $30 bln by 2025 — Deputy PM

    MOSCOW, October 20. /TASS/. Trade turnover between Russia and India may reach $30 bln by 2025, Deputy Prime Minister Dmitry Rogozin said at a meeting of Russian-Indian intergovernmental commission on Tuesday.

    "The issue is about reaching $30 bln worth of mutual trade turnover and $15 bln worth of mutual investment by 2025," Rogozin said.

    Deputy Prime Minister also said the Russian government is taking steps to create favorable conditions for developing trade, economic and investment cooperation, particularly free trade agreement, agreement on mutual stimulation and protection of investment, on payments in national currencies, on admitting certifications of conformity and education and diploma standards. Rogozin added that the cooperation program in oil and gas sector has been launched.

    Russian export center must become "single window" of economic interaction between Russia and India

    According to Rogozin Russia’s export center must become a "single window" of economic interaction between Russia and India.

    "The modern times makes it necessary to simplify and accelerate the processes of public administration, the development of economic institutions to support and stimulate economic activities, the development of one-window system. We should do everything what is needed to ensure that our agencies work in comfortable, red-tape free conditions. I would like to note that the newly created Russian export center should become such a window for the development of foreign economic relations," Rogozin said.

    Rogozin said that relations between Russia and India had shown a steady development over the years. According to him, Russia is ready to support India and actively participate in the implementation of large-scale projects on developing the country's economy.

    "Russia is ready to assist India in nuclear energy development, upgrade of thermal power plants, metallurgical and machine-building companies, exploration, mining, construction of gas pipelines, power lines, rail infrastructure, rolling stock, aircraft and helicopter, the peaceful use of space, the development of modern means of communication, the creation of "smart cities", the construction of industrial facilities, construction and creation of modern systems of water treatment, the development of medical equipment and medicines, training of qualified personnel," the deputy prime minister said.

    Russia, India eye expansion of trade in national currencies

    First Deputy Minister of Economic Development Alexey Likhachev said India and Russia would like to expand bilateral trade in national currencies, but the banking systems are not yet ready for being actively involved in this process.

    "This is a burning issue. Our banking systems are not ready to actively respond to the request. We would like to expand it [trade in national currencies -TASS]," he said.

    According to him, the use of national currencies would increase the volume of trade because it allows the parties to avoid currency fluctuations.

    "It's much more comfortable for entrepreneurs, significantly reduces transaction expenses and reduces costs," Likhachev said.


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    Pinto

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    India and Russia: A Course Correction

    Post  Pinto on Sat Nov 21, 2015 10:30 am

    An upcoming visit by Indian PM Narendra Modi may lend some needed momentum to ties.



    Over the past six months, Russia has made its presence felt in the global realpolitik scene with gusto. With the Kremlin militarily intervening in Syria, reportedly bombing ISIS and in effect protecting Bashar al-Assad’s regime in Damascus, while juggling a yet unresolved Ukraine crisis and dealing with Western sanctions… Moscow has its hands full.

    Most aspects of India-Russia bilateral ties are quite institutionalized, and work in an automated manner irrespective of who is in power in New Delhi or Moscow. Russia could perhaps be seen as India’s only definitive “strategic” partner in its truest form, and this unique relationship has developed over decades.

    However, over the past year the Moscow-Delhi dynamic seems to have lost some of its previous momentum. This may now be about to change, with Prime Minister Narendra Modi preparing to make his first visit to Moscow early next month.

    Russia’s economy is in crisis, with oil prices below $50 per barrel at a time when Russian President Vladimir Putin is wielding Russian military power in the global political theater. With Ukraine to Syria, Russia is involved in external military operations that analysts believe are unsustainable for the long run given Moscow’s current economic environment.

    When Putin visited India in December 2014, a few months after Narendra Modi won a historic election and became the new prime minister, the Russian president’s stay was cut short from a planned three-day visit to one lasting barely 23 hours. This was largely due to the Ukraine crisis, which was peaking at that point. After this visit, the noose of Western sanctions on Russia tightened, and Moscow began looking at India and China to boost its own finances at home.

    Moscow’s attempts to compensate for oil revenues with defense revenues for its exchequer are not easy tasks to achieve. Russia’s reaction to losing Indian helicopter deals and MMRCA fighter jet deals to the United States and France was to make its displeasure known by a sudden affinity to bolstering Russia-Pakistan ties. In what seemed like a contemptuous move against Delhi, Russian Defense Minister Sergei Shoigu, who is very close to Putin, visited Islamabad in August, a trip that saw both countries sign defense agreements including the sale of Mi-35 “Hind E” attack helicopters, a variant of the type also operated by India. To push the envelope a little further, reports surfaced last month that Moscow and Islamabad were in talks for the former to sell its top of the line Sukhoi 35 fighter jets to Pakistan (India operates the Sukhoi 30MKI variant). Both of these developments naturally created ripples in the Indian strategic and defense affairs discourse.

    However, this realpolitik maneuvering by Russia is mostly to send a message to New Delhi about the latter’s growing clubbiness with Washington. Moscow is not used to losing out on Indian defense contracts, which it sees as a significant part of its arms export pie. Of course, for the longest time India had few options other than Russia for its defense needs. The recently concluded aircraft carrier saga between the two nations that gave India the INS Vikramaditya (formerly the Admiral Gorshkov with the Russian Navy) could be seen as something of a turning point, where the project cost India much more than expected and Russia acted arrogantly on the questions of price and delivery schedules. For now, analysts are confident that Russia will in fact not sell the Sukhoi 35s to Pakistan.

    Even after considering the above parameters, India is still investing in Russia and helping Moscow more than perhaps the Kremlin would like to publicly acknowledge. New Delhi was vague at best, flirting with support for Russia’s annexation of Crimea and later gave some sort of backing to Moscow’s bombing campaign in Syria. On the economic front, India’s ONGC Videsh has continued to invest in Russian energy sector with only last month buying a 15 percent stake in Russia’s second largest oil field for around $1.27 billion. Beyond this, India is also keen to go deeper into Russia’s Arctic regions and jointly work on the exploration and production of oil and natural gas, establishing itself as a long-term player in the country’s energy sector.

    To give some further relief to Moscow in its sanction ridden economic woes, Indian dairy companies are keen to enter the Russian market, which will allow Russia to deal with its growing food crisis, specifically milk. Currently, Russia is using its relations with Belarus to get around European Union (EU) sanctions, using Minsk as the middleman to plug its gaps. For a small country, Belarus’s imports of milk from the EU reportedly went up by a factor of 573 last year, with the extra supply of course being handed over to Moscow. Belarus at the same time has also become a net exporter of fish, an astonishing achievement for a land-locked country.

    It is true, however, that Russia has been unnaturally absent from Modi’s global outreach over the past year. During this same period, the Russian economy has been hit on two major fronts, oil prices and sanctions. In the run-up to Modi’s meeting with Putin, India’s Defense Minister Manohar Parrikar during a visit to Moscow agreed to purchase Russia’s advanced S-400 Triumf air defense missile system for a whopping $10 billion. And this is precisely what Moscow wants from New Delhi, the continuous dominance of its defense partnership with India. However, Putin must realize that India’s political mileage in the global arena is much stronger than it used to be. India can now afford to buy better and more reliable weapons even if they cost more than what Russia has to offer, if what it is offering is not up to the expectations.

    There are no major scars in the India-Russia dynamic, but Modi’s visit should successfully inject that much-needed oil into the political machinery between the two states. The need for this visit by Modi has become more than apparent over the past few months, and both Modi and Putin will welcome this opportunity for a course correction.

    http://thediplomat.com/2015/11/india-and-russia-a-course-correction/
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    Tata to make parts for Sukhoi Superjet

    Post  Pinto on Sun Dec 13, 2015 3:26 pm

    Russia is keen on extending its cooperation with India in aerospace sectors to the civil aviation sector and is in talks with several Indian private companies to establish joint projects under the ‘Make in India’ initiative.

    Sukhoi and Tata are in advanced stage of talks for the latter to build components for the Sukhoi Superjet (SSJ) 100 in India.

    “We are in talks with Tata on manufacturing some of the tail components of the SSJ 100 in India. The talks are in an advanced stage,” Yury B. Slyusar, president of United Aircraft Corporation (UAC), told a group of visiting Indian journalists who were in Russia at the invitation of the UAC.

    Tata already manufactures aerostructures and components for several global Original Equipment Manufacturers at its facilities in Hyderabad. Mr. Slyusar said a visit to Tata facilities in India by the company officials showed that their technical capability was up to the mark.

    In addition to Tata, the UAC is also in talks with Mahindra and Reliance which are at a preliminary stage. With Reliance, military cooperation is also being discussed, Mr. Slyusar added.

    Huge potential

    Sukhoi is planning to offer the SSJ 100 for the Indian market which has a large growth potential for civil aircraft. It is being pitched as a product offering the comfort and economy of a narrow bodied aircraft with the range of a regional jet. Company officials said India along with China, Middle East and Latin America, is one of the priority markets.

    SSJ 100 is already being serially produced and over 56 aircraft are in operation. Several airlines have cumulatively flown over 1,18,400 flight hours as of November 2015 starting from April 2011.

    Russia has also offered to collaborate with India in its ambitious efforts to build a regional passenger


    http://www.thehindu.com/news/national/tata-to-make-parts-for-sukhoi-superjet/article7981690.ece

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    Re: Russia - India Strategic Relationship: News

    Post  Austin on Sat Dec 19, 2015 5:27 am

    Indo-Russian Trade Potential from ex Indian Ambassador to Russia

    Remove blocks

    Besides oil, gas and nuclear energy, other sectors are opening up, promising more trade and interaction.
    Ajai Malhotra


    At the 15th annual summit in New Delhi last December, Prime Minister Narendra Modi and Russian President Vladimir Putin set a bilateral trade target of $30 billion by 2025. While it appears that our trade in 2015 would probably not even reach $8 billion, statistics do not bring out the complete picture of commercial and economic interaction.

    India's largest export to Russia is pharmaceuticals, a sector with considerable growth potential. Unlike in most other sectors, many Indian firms are present in the Russian market. Indian companies could gain market share by investing in manufacturing in Russia in line with its Pharma-2020 strategy, but they need to insulate themselves against the rouble's volatility.

    Despite efforts to diversify its economy and reduce reliance on oil and gas revenues, Russia's range of internationally competitive products remains limited. The three main branches of its economy with serious business potential-oil and gas, nuclear energy and defence - are all sectors in which India and Russia already partner closely.

    India's largest oil and gas investments abroad have been in Russia. ONGC Videsh Ltd (OVL) has pumped in more than $5 billion into Sakhalin-1 and Imperial Energy at Tomsk, and easily the most oil it extracted last year from its foreign investments was from Russia. OVL has also committed to a 15 per cent stake in Vankorneft, the Rosneft company that operates the huge Vankor oilfield in eastern Siberia. Oil India, which invested in an oil company in Tomsk last year, is also close to acquiring, with Indian Oil, a 20 per cent stake in Rosneft's Taas-Yuryakh oilfield in Siberia. OVL and Rosneft have also agreed to cooperate in Russia's Arctic shelf. Under a 2012 agreement Gazprom, Russia's biggest gas supplier, will deliver 2.5 million tonnes of LNG annually to GAIL from 2017-2037.

    In nuclear energy,
    the first of six 1,000 MW nuclear power units in Kudankulam in Tamil Nadu has started generating electricity, the second will be completed shortly, and construction of the third and fourth units will follow. Negotiations over the fifth and sixth units are due to begin and at least six more 1,000 MW nuclear power units would be built in India.

    Fertiliser frequently occupied the top spot among Russian exports to India, but in recent years its off-take has declined in the absence of long-term purchase agreements. Meanwhile, Russian diamonds used to come through third countries for being cut and polished in India. However, last year diamonds emerged as the top item of export from Russia to India as a consequence of direct purchases. A weaker rouble has also led to interest among Indian companies in importing chemicals, paper, timber and several commodities from Russia.

    Private Russian companies are also investing in India. Russian billionaire Yuri Milner's firm DST Global has become a significant investor in online Indian businesses such as Flipkart, Ola, health start-up Practo, grocery venture Grofers, food delivery company Swiggy, ethnic products marketplace Craftsvilla, and freight booking service Black Buck. Another Russian billionaire, Vladimir Yevtushenkov recently handed over his Sistema holding in India to Anil Ambani's Reliance Communications in return for a 10 per cent share in the merged entity.


    Ajai Malhotra is a former Indian ambassador to Russia

    Austin

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    Indo-Russian Trade Potential from ex Indian Ambassador to Russia

    Post  Austin on Sat Dec 19, 2015 5:29 am

    It seems India will offer Russia another place in Andhra Pradesh to build 6 Nuclear Reactor.

    They are already building 6 in Tamil Nadu , So total 12 Russian Reactor of VVER 1200 LWR types will be built in India
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    India and Russia eye nuclear, helicopter deals before Modi's Moscow visit

    Post  Pinto on Sat Dec 19, 2015 7:32 am

    Prime minister Narendra Modi is expected to promote deals for Russian nuclear reactors and military helicopters worth billions of dollars on a trip to Moscow next week, attracted by promises to transfer technology that Western nations have been slow to make.

    Russia and India will manufacture 200 Kamov-226T helicopters in a joint venture, a Russian and an Indian government official said, in the first big step for PM Narendra Modi's campaign to build a domestic industrial base and reduce the military's dependence on expensive imports.

    Modi, who heads for Moscow on December 23, will also offer Russia a site in the southern state of Andhra Pradesh to build six nuclear reactors of 1,200 megawatts (MW) each, the same sources added.

    That is in addition to the six Russia is constructing in neighbouring Tamil Nadu state, said the officials, who spoke on condition of anonymity because they were not authorised to speak to the press.

    New Delhi has turned to Russia as US firm General Electric and Westinghouse, a US based unit of Japan's Toshiba, are still weighing an entry into India's nuclear energy sector because of a law that makes reactor suppliers liable in case of an accident.

    Modi's Make-in-India push for a military that has been the world's biggest importer for the last four years has also made little headway, with negotiations stalled over issues including technology transfer and the local assembly of equipment.

    For Russia, India offers an alternative, fast-growing outlet for its exports as sanctions imposed by the West squeeze the economy.

    "While others are making promises, Russia is moving forward with the Make-in-India programme," the Russian government source said.

    Russia let dominance slip


    Moscow, which has maintained close ties with India since the Cold War, has in recent years slipped behind the United States and Israel in securing orders in the Indian defence market, estimated to be worth $130 billion over the next seven years.

    Now Russian President Vladimir Putin is banking on India's drive to manufacture at home to regain market share.

    "The objective is that whatever we do with Russia, that will have a 'Make-in-India' component," said Amitabh Kant, the top Indian bureaucrat leading the push to turn India into a global manufacturing base.

    Under an inter-government agreement to be signed during Modi's trip, Moscow will set up a production line for the light helicopters that will supply the Indian military but also eventually Russia, the Russian official said.
    India's state-run Hindustan Aeronautics and Anil Ambani's Reliance Defence are in the running as local partners for the deal for the 200 twin-engined helicopters, estimated at $1 billion, to replace India's ageing fleet of Cheetah and Chetak helicopters.

    "The choice of the Indian partner has been left to the Indian government. We will work with anyone the government nominates," the official said.

    India is also turning to Russia to secure overseas energy assets to help fuel its economy. Indian Oil Corp and Oil India, both state-owned, are in talks with Russia's Rosneft to buy up to a 29 percent stake in a Siberian oil project, two sources said on Friday.

    Russia has the advantage

    The helicopter deal would be the first major contract under Modi's drive to build weapons at home that has excited local defence companies but failed to deliver any significant tenders.

    As some Indian manufacturers look to Western firms for the tie-ups needed to bring in technology and build locally, Reliance is forging closer ties with Russia to jumpstart its nascent bid to develop a defence business from scratch.

    A Reliance executive, who asked not to be named, said negotiations to win the joint helicopter venture would not start until the two governments had agreed the deal. Hindustan Aeronautics did not respond to a request for comment.

    A source close to Rosoboronexport, Russia's state-owned arms exporter, said India would produce 140 of the choppers and Russia the remaining 60. Pre-contract work is underway and the two sides expect to clarify the agreement during Modi's visit, the source said.

    An Indian government official confirmed the plan to sign the helicopter deal as well as the proposed offer of Andhra Pradesh as the location of the next set of reactors to be built by Russian state-owned nuclear firm Rosatom.

    The two sides have not given any value for the deal. Rosatom spokesman Sergey Novikov said there were no plans yet to sign any contracts during Modi's visit.

    Nandan Unnikrishnan, an expert on India-Russia relations at the Observer Research Foundation, said that despite New Delhi's tilt towards the West for military hardware in recent years, Russia retained an edge in many areas.

    "Russia has a distinct advantage over everyone in understanding how Indian bureaucracy works, given the level of trust that exists in the Indian establishment vis-a-vis Russia," he said.

    http://economictimes.indiatimes.com/news/defence/india-and-russia-eye-nuclear-kamov-helicopter-deals-before-pm-modis-moscow-visit/articleshow/50236049.cms
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    India, Russia likely to sign pact on Kudankulam during PM Modi’s visit

    Post  Pinto on Sun Dec 20, 2015 11:11 am

    In a move to scale up cooperation in the nuclear energy sector, India and Russia are likely to sign an agreement on Kudankulam units 5 and 6 during Prime Minister Narendra Modi’s visit to the Eurasian country from Wednesday.

    Sources said the government is also planning to make optimum use of the available nuclear sites in various states to accommodate more atomic reactors to meet energy-starved country’s growing needs.
    Modi is scheduled to visit Russia from December 23-24 to hold an annual summit with Russian President Vladimir Putin in Moscow.

    Ahead of the Prime Ministerial visit, Deputy Chief Executive Officer of Rosatom – the Russian counterpart of the India’s Department of Atomic Energy – Nikolai Spasskiy paid a visit to India on December 7-8, during which he is believed to have held negotiations with Sekhar Basu, Secretary DAE regarding the possible inking of a pact of unit 5 and 6 of the Kudankulam Nuclear Power Plant (KKNPP) during Modi’s stay.

    “During negotiations, the parties discussed issues of final acceptance of Unit 1 of Kudankulam NPP, achievement of the minimum controlled power at Unit 2, beginning of construction of Units 3 and 4, and signing of the general framework agreement for Units 5 and 6, as well as further cooperation development steps,” Rosatom said.

    The agreement details were also deliberated upon, sources said.
    Unit 5 and 6 of VVER technology are expected to be of the same MW like units 1-4, but the cost details of the project is yet to be finalised.
    In what could be a major policy decision, the government will now insist that the states should have more reactors at one site. The reason behind coming up with a policy is taken in view of the limited number in terms of space available for building a nuclear site.

    “This move not only helps address the location issues which is difficult in view of public opinion against nuclear plants, but also helps in reducing infrastructure cost. For example, the DAE does not have to spent on building infrastructure for its staff, like the colonies, schools as the existing sites take care of it. It also address the issue of deployment of security personnel,” he said.

    The government is constructing six reactors in new projects like Jaitapur (EPR 1000×6) in Maharashtra built with French technology, Kovadda in Andhra Pradesh (1000MW x 6) and Mithi Virdhi in Gujarat.


    http://indianexpress.com/article/india/india-news-india/india-russia-likely-to-sign-pact-on-kudankulam-during-pm-modis-visit/
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    India, Russia working to put in place extensive counter-terror cooperation pact

    Post  Pinto on Mon Dec 21, 2015 1:24 pm

    NEW DELHI: India and Russia are working to formulate an extensive counter-terror cooperation arrangement that will be put in place during Narendra Modi's Moscow visit on Dec 23-24 in the backdrop of rise of Islamic State with the bilateral partnership hoping to beef up mechanism for intelligence sharing, training of personnel and capacity building.


    Delhi and Moscow have been building on a counter-terror cooperation away from the public glare and the mechanism to boost intelligence sharing and training of personnel in counter-terrorism and enhancing capacity building to fight the growing menace will be on the agenda for the PM's trip to Russia for the annual Summit this week, official sources indicated to ET.


    Delhi and Moscow have been building on a counter-terror cooperation away from the public glare and the mechanism to boost intelligence sharing and training of personnel in counter-terrorism and enhancing capacity building to fight the growing menace will be on the agenda for the PM's trip to Russia for the annual Summit this week, official sources indicated to ET.

    The two countries are also working towards aligning positions on international terror at UN where India has been pushing for a convention as well as at the Financial Action Taken Force (FATF) platform, officials hinted. Almost six months back India was surprised with old strategic ally Russia's stand at a meeting of FATF in Brisbane where Moscow along with Australia, New Zealand and China opposed Delhi's move to get a censure against Pakistan for its inaction against Jamaat-ud-Dawa & Lashar-e-Taebbya. These countries had opposed India's move on the grounds that Pakistan is not even a member of FATF. Delhi had later raised the issue with Moscow and the two countries are understood to be working towards aligning their positions at bodies like FATF given the common threat from terror. In the past Delhi has been receiving steady support from Russia on terror and Indo-Pak issues as well as Kashmir.

    The objectives of the FATF (of which India is a member) are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system Delhi and Moscow are also understood to be developing common position on terror emanating from both Pakistan and Afghanistan, sources hinted. India and Russia have been on the same page regarding Afghanistan and Delhi is working with Moscow with regard to supply of Russia made defence equipment for Kabul. However it is no secret that during the past two years Delhi has been worried over implication of Russo-Pakistan defence cooperation and its implications on the country's security interests of India. India expects that Russia would not be oblivious of its decades-old and time-tested relations with India and Delhi's legitimate security interests in the region. That terror would be key agenda for Modi's Moscow trip was understood from Russian Deputy PM Dmitry Rogozin who visited Delhi recently to prepare for the annual summit.

    "The Indian prime minister is going to visit Moscow at a very important and troublesome period of time. It is not surprising that everything we discussed in New Delhi largely concerned struggle against terrorism and radical forms of Islam... India has enormous, and even dramatic, experience in waging this struggle," Rogozin told news agency TASS after his meehis meetings here. He said that the Indian side fully supported Russia's (anti-terror) efforts, including those directed at the Islamic State (IS).

    "Indian Prime Minister Narendra Modi will visit Moscow late in December to attend a (bilateral Russian-Indian) summit. The visit will have a deep meaning. It is extremely important for discussing joint actions and the creation of a broad counter-terrorism coalition and also for exerting joint efforts in conditions when the two countries have not only found themselves on the one side of the barricades but are in the vanguard of this struggle (against terrorism)," said Rogozin explaining a key item on agenda for the Summit.

    According to him, the presence of IS in Afghanistan has aggravated the situation even further. "The Taliban used to be perceived as an exclusively domestic phenomenon for Afghanistan. ISIS (or IS) is something absolutely the opposite. They are as radical or even more radical (than the Taliban), and they also have global ambitions," Rogozin stressed.

    Read more at:
    http://economictimes.indiatimes.com/articleshow/50261706.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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    Modi’s Russia visit: Major deals expected in defence, nuclear sectors

    Post  Pinto on Tue Dec 22, 2015 8:59 am

    When Prime Minister Narendra Modi leaves for Moscow on Wednesday on a two-day visit to attend the 16th India-Russia annual summit, expectations will be riding high with major agreements expected in the defence and nuclear sector.

    The last edition of the summit, held in New Delhi in December 2014, was a roaring success, evident in the fact that 20 deals worth over $100 billion were signed in less than 24 hours. “India’s partnership with Russia is incomparable,” Modi had tweeted then.

    This time on the defence front, a deal on the joint-production of 200 Kamov-226T helicopters may be the highlight. This will be a major boost to Modi’s Make in India initiative. The purchase of five Russian S-400 air defence systems, approved by the Defence Acquisition Council, will also be keenly watched.


    On his two-day visit to Russia, Narendra Modi will look to strengthen economic ties, normally a weaker point of Indo-Russian relations. (Reuters Photo)

    On the nuclear energy front, a deal is expected on the fifth and sixth units of the Koodankulam nuclear reactors. And there are talks about a deal for Russia to build six nuclear reactors in Andhra Pradesh.
    Modi is scheduled to address a cultural event for ‘Friends of India’ at the Expocentre in Moscow on December 24. The prime minister is expected to return to New Delhi after the event.

    The defence sector is perhaps the strongest component in India-Russia ties. “India’s defence production industry has a large Russian component to it, and during this visit that will increase,” says Anuradha Chenoy, professor at the Centre for Russian and Central Asian studies, School of International Studies, Jawaharlal Nehru University, Delhi.

    The economic trade, however, do not reflect the intensity of the ties. Export from India saw a marginal rise in 2014 vis-a-vis the previous year, but overall trade dipped — from $10.11 billion in 2013 to $9.51 billion in 2014. While export from India rose 2.6% during this period, import slipped by 9.2%.
    “To put it in a nutshell, the strongest element of India-Russia partnership is defence, and the weakest element is our economic relationship. I think there will be an attempt by Modi to try and address this weakness through some of the strengths (in the ties),” says Nandan Unnikrishnan, a Russia expert and vice-president and senior fellow at the Observer Research Foundation, New Delhi.

    The lull in Russia-Turkey ties, after Turkey downed a Russian Su-24 in Syria in November, presents an opportunity for India to boost trade ties. Kanwal Sibal, India’s ambassador to Russia from 2004 to 2007, feels that the visit should focus on “boosting economic and trade ties, especially after the collapse of ties between Russia and Turkey. Russia is keen on strengthening trade ties with India.”

    Terrorism will also be discussed by both the leaders. The former ambassador was of the opinion that Russia might discuss Syria with India, but the spotlight “would be on what is happening in the Af-Pak region. The presence of the Islamic State (IS) in Afghanistan is of concern for Russia. It is also a concern for India as destabilisation of Afghanistan and extremist activity there is a problem for us.”

    Other than these, talks on fertilisers and hydrocarbons are also expected.
    In recent years, growing India-US ties have seemingly taken the sheen off India-Russia bilateral ties, but it is just a temporary lull that appears in any friendship that goes back decades.

    http://www.hindustantimes.com/india/pm-narendra-modi-in-russia-a-fillip-to-the-druzhba-dosti-vision/story-qr4H334ElrtX4fLDrwacyN.html
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    India to offer site in Andhra to Russia for nuke plants

    Post  Pinto on Tue Dec 22, 2015 9:11 am

    India is expected to offer a site in Andhra Pradesh to set up units five and six of Kudankulam nuclear power plant by Russia in sync with broad principles of 'Make in India' initiative and a decision in this regard is likely to be finalised during Prime Minister Narendra Modi's visit to Moscow this week.


    The two countries are likely to sign an agreement for the two units with provisions for involvement of India's private sector in the project including in supply of various components.

    "We will follow principles of 'localisation' as per Make in India initiative for setting up Kudankulam nuclear power plant five and six," sources told PTI.
    They said a site in Andhra Pradesh has been finalised for the project in line with government's policy for ensuring optimum use of the available nuclear sites in various states to accommodate more atomic reactors.

    Incidentally, Centre has already shortlisted the Kovvada site to build a project with the assistance of US-based nuclear vendor, GE-Hitachi Nuclear Energy.

    Modi is scheduled to visit Russia from December 23-24 to hold an annual summit with Russian President Vladimir Putin in Moscow.
    Russia has been a key partner of India in the civil nuclear energy sector. In the last summit between Modi and Putin, it was decided that Russia will build at least 12 nuclear reactors in India by 2035.

    In April last year, India and Russia had signed an agreement to build units 3 and 4 of the Kudankulam project at a cost of Rs 33,000 crore. However, work on the ground is yet to start. The units 3 and 4 are be coming up in Tamil Nadu's coastal district of Tirunelveli.

    Earlier this month, Nikolai Spasskiy, Deputy Chief Executive Officer of Rosatom - the Russian counterpart of the India's Department of Atomic Energy, visited India and he is believed have discussed with DAE brass about various aspect of the proposed pact for Kudankulam 5 and 6.
    Top Comment


    Units 5 and 6 of VVER technology are expected to be of the same MW like units 1-4, but the cost details of the project are yet to be finalised.
    The government is constructing six reactors in new projects like Jaitapur (EPR 1000x6) in Maharashtra built with French technology, Kovadda in Andhra Pradesh (1000MW x 6) and Mithi Virdhi in Gujarat (1000MW x 6).


    http://timesofindia.indiatimes.com/india/India-to-offer-site-in-Andhra-to-Russia-for-nuke-plants/articleshow/50268632.cms
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    PM Modi To Visit Russia Today, Talks On Nuclear Energy, Defence On Agenda

    Post  Pinto on Wed Dec 23, 2015 7:10 am

    NEW DELHI: Prime Minister Narendra Modi leaves for Russia today for a two-day visit that is part of the annual summit talks with President Vladimir Putin. After their meeting in Moscow on Thursday, the two leaders are expected to sign key agreements on defence and nuclear energy.

    "We expect to sign a number of agreements covering a very broad range of fields. Final touches are being given on some of them," Foreign Secretary Subrahmanyam Jaishankar told reporters.

    Last week, the Defence Ministry had cleared the purchase of Russian S-400 Triumf air defence missile systems at an estimated cost of Rs. 40,000 crore.

    Without giving specific details, Mr Jaishankar said both PM Modi and President Putin will deliberate on enhancing cooperation in defence and nuclear energy spheres.

    "Russia has been a very major military and strategic partner of India. There will be a lot of discussions on that," he said.

    Expanding economic ties is also top of the agenda, with CEOs from both sides meeting.

    Currently bilateral trade stands at $10 billion, which both sides want to enhance to $30 billion in the next 10 years.

    PM Modi and President Putin will also discuss the situation in Syria and ways to tackle terrorism. "This would be definitely one of the most important engagements for us," Mr Jaishankar said.

    India has watched with some concern, Russia's decision to supply attack helicopters to Pakistan, though officially that has been played down.

    PM Modi is also scheduled to have dinner with President Putin today. On Thursday, he will address around 3,000 members of the Indian community in Moscow.


    http://www.ndtv.com/india-news/pm-modi-to-visit-russia-tomorrow-talks-on-nuclear-energy-defence-on-agenda-1257764
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    Russia remains India's 'principal partner' in defence: PM Narendra Modi

    Post  Pinto on Wed Dec 23, 2015 12:44 pm

    MOSCOW: Assuring Russia that it will remain India's "principal partner" in defence sector, Prime Minister Narendra Modi has said that the two strategic partners are working together for joint manufacture of advanced defence equipment in India under the 'Make in India' initiative.

    "Russia has been India's foremost defence partner through decades, accounting for a majority of our defence equipment... Even in the current environment, despite India's improved access to the world market, Russia remains our principal partner," Modi told Russian news agency Itar-Taas.

    Follow @ETDefence Twitter handle for comprehensive coverage on other buzzing Defence stories

    Noting that Russia provided defence equipment to India and international support when few were willing to hold its hands, the Prime Minister said, "Indians will never forget the Russian support that we got when we needed it the most."


    India and Russia are likely to ink a number of pacts in a range of sectors including defence and nuclear energy during Modi's two-day visit here beginning today for the annual Summit level talks with President Vladimir Putin.

    Asserting that the Indo-Russia defence ties have been transformed "from a buyer seller relationship to one involving joint research, development and production of advanced systems" such as the Brahmos missile, Sukhoi-30 MKI aircraft and T-90 tanks, Modi saidRussia has the potential to be the leading partner in Make in India mission in defence sector.

    "We are soon going to make a beginning in that direction," Modi said.

    "We are also working together for joint manufacture of defence equipment and components in India under the Make in India initiative," he added.

    India's assurance to Russia comes at a time when it has developed a closer defence ties with the US and Russia made overtures to Pakistan in recent months for the first time.

    On the civil nuclear cooperation, Modi said India is committed to construct at least 12 nuclear power plants having highest safety standards in the world with Russian assistance.

    "Energy security is critical to India's economic development and Russia is a key partner in this area. Nuclear energy is an important component of our energy security strategy. Russia is currently our leading international partner. Our cooperation with Russia in the peaceful uses of nuclear energy is a cornerstone of our strategic partnership," he said replying to a question.

    "I am glad that the Kudankulam Nuclear Power Project has become operational, and is set to expand. I believe our cooperation in the area of nuclear energy will continue to grow. After Kudankulam, we are finalising a second site for for Russian-designed reactors in India," he said.


    "We have outlined an ambitious vision for nuclear energy and construction of at least 12 reactors, which will have the highest safety standards in the world," Modi added.


    The Prime Minister said the strengths of Russia in science and technology, military technology and nuclear energy among others complement the large market of India, expanding economy and demand of its young population.


    "This provides us with the confidence that we can take forward our existing dynamic partnership," he added.

    On cooperation between the two sides on international and regional forums, Modi said a strong international partnership has been the hallmark of the bilateral ties and the Russian support in international forums, including in the UN Security Council, through the decades is deeply valued in India.

    "Today, our international cooperation has widened. We work together in a number of international forums, including BRICS, Shanghai Cooperation Organisation (where Russian support helped in a decision on India's full membership this year), G 20 and East Asia Summit.

    "BRICS, which was launched by President Putin, is making a major contribution to international finance and trade, development finance, international terrorism, climate change, food security and sustainable development," he said.

    "In both SCO and East Asia Summit, we can work together in advancing peace and prosperity in two major regions of the world, where we both have vital stakes. Multipolarity is a global reality. India and Russia represent two faces of a multi-polar world. We want to work with Russia not just for our bilateral interests, but but also for a peaceful, stable and sustainable world," the Prime Minister added.

    On economic ties, Modi said there is potential to further strengthen the Indo-Russia relations in the field of trade and investments.

    "Our bilateral trade, though growing, has not achieved its full potential. We have committed to increase this to $30 billion by 2025. Similarly we are committed to increase our investments to $15 billion each by 2025," he said.

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    http://economictimes.indiatimes.com/articleshow/50296433.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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