Russia
Russian PM looking to boost bilateral trade on India visit
MOSCOW, March 16 (RIA Novosti) - Russia's prime minister starts a two-day official visit to India Thursday in a bid to increase bilateral trade, the governmental press service said.
A source said Mikhail Fradkov would meet with the Indian president and prime minister, as well as other key political and business figures.
"Political dialogue between our countries has been very intensive, whereas trade and economic contacts have lagged behind," the source said. "Bilateral trade has stalled at $3 billion in recent years, which is not enough."
In February 2006, Russia's economics minister and India's commerce and industry minister signed a memorandum targeting bilateral commodity turnover of $10bln by 2010. Indian Prime Minister Manmohan Singh subsequently upped this figure to $25bln by 2020 during his December visit to Moscow.
Russia is looking to diversify commodity turnover with India by replacing raw materials exports with high-tech projects. Fradkov is expected to discuss science and tech projects, including joint research centers, technology parks, and a telemedicine project.
Also expected to be on the agenda are a number of projects in the energy sphere, military tie-ups including aircraft sales, and plans for cooperation in space and other areas.

Add to blog
You may place this material on your blog by copying the link.
Publication code:
Preview:

Send by e-mail
Leave a comment
Most read
Top multimedia

Image Galleries: The Igor Moiseyev Ensemble: Keepers of the Dance

Video: Rudolph Abel’s liberation. Interview with KGB Gen. Yuri Drozdov

Infographics: Password generator

Cartoons: Nothing to Catch Here








