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India-Russia signed 20 agreements during the 15th India-Russia Annual Summit in New Delhi

Dec 12, 2014 11:20 IST

India and RussiaIndia and Russia on 11 December 2014 signed 20 agreements during the 15th India-Russia Annual Summit held in New Delhi. The agreements were signed in presence of Prime Minister Narendra Modi and Russia President Vladimir Putin, who is on the official visit to India.

The agreements signed included eight agreements between government entities and 12 between private enterprises and covered the fields of nuclear energy, oil and gas, health, investment, mining, media and wind power. These agreement include Russia’s help in building at least 12 nuclear reactors and a plan to manufacture advanced Russian military helicopters and defence spare parts in India

During the summit, both the countries also vowed to strengthen the special strategic partnership and unveiled Druzhba-Dosti vision statement for the next decade.

List of Agreements signed

International Relations

  • Protocol for consultations between the External Affairs Ministry of both the countries for the period 2015-2016: The agreement envisages close consultation on as many as 17 issues, ranging from Asia-Pacific to West Asia to West Europe to Latin America as also at various multilateral for a like UN, G20, BRICS, SCO, RIC.

Nuclear Energy

  • Strategic vision for strengthening cooperation in peaceful uses of atomic energy envisaging a roadmap of bilateral cooperation in the civil nuclear energy sector for the next two decades. It contains plans to build over 20 nuclear power units in India
  • Provisions for the technical data and information non-disclosure in the framework of cooperation in the field of peaceful use of nuclear energy to provide an impetus to scientific and technological cooperation in the peaceful use of nuclear energy
  • Supplement to the General Framework Agreement (GFA) for Units 3 and 4 of Kudankulam Nuclear Power Project between Nuclear Power Corporation of India Limited (NPCIL) and ATOMSTROYEXPORT (ASE) to operationlise the General Framework Agreement (GFA) and Technical Commercial Offer (TCO) signed in April 2014
  • Contract between Nuclear Power Corporation of India Limited (NPCIL) and ATOMSTROYEXPORT (ASE) for unit 3 and 4 of Kudankulam Nuclear Power Plant for supply of some major equipment by ASE

Oil and Gas

  • Programme of Cooperation (POC) under Framework of Inter-governmental Agreement for Enhancement of Cooperation in Oil & Gas in 2015-16: The agreement sets out a concrete programme for cooperation, envisaging projects including joint exploration and production of hydrocarbons, long term LNG supplies and joint study of a hydrocarbon pipeline system connecting Russia with India.
  • MoU between TATA Power and Russian Direct Investment Fund (RDIF) to explore investment opportunities in the energy sector across the Russian Federation
  • MoU between Oil India Limite’ and Zarubezhneft to facilitate technological association on hydrocarbon projects in India
  • MoU between ESSAR and ROSNEFT for long-term supply of crude oil envisaging ten year supply and purchase by India of crude oil and feed stocks/products

Economic Sphere

  • MoU on technical cooperation on accreditation: Aims at development of accreditation systems, sharing of information, recognition of test reports, and creation of conditions for the elimination of technical barriers in trade and economic cooperation.
  • MoU between ACRON of Russia and NMDC of India to implement 2 billion US dollars potash mine project of ACRON in Russia
  • MoU between Vneshtorgbank (VTB) of Russia and ESSAR Group envisaging finance arrangement of 1 billion US dollar to ESSAR by VTB
  • MoU between Infrastructure Development Finance Corporation Ltd (IDFC) and Russian Direct Investment Fund (RDIF) on a co-investment opportunity up to 1 billion US dollars
  • MoU between FICCI and Delovaya Rossiya to broaden and strengthen economic ties and identifying new areas of economic cooperation
  • MoU between Electronics and Software Export promotion Council of India (ESEPCI) and Skolkovo Foundation of Russia to enable companies in these sectors to enter new markets by means of joint ventures, strategic alliances and in joint research and development
  • MoU between Gamesa Wind Turbine Pvt Ltd. of India and ROTEK of Russia to facilitate cooperation between the two companies in wind power equipment
  • MoU between news agencies PTI and TASS on exchange of news and the right to use news items

Health sector

  • MoU on cooperation in Health Research: Envisages programme of cooperation in specific areas of health research such as oncology, bioinformatics & bioimaging, neurosciences, new generation vaccine research and research in HIV/AIDS.

Space

  • MoU between EIRENE SYSTEMS and GLONASS Union to contribute to joint development and implementation of projects like Navigation Platform and Geographical Information System in India

Defence

  • Agreement for training of Indian defence personnel in the defence establishments of the Russia: This will facilitate better understanding between the two defence forces.

Comment

Being shunned by the West, the host of agreements signed between India and Russia including the Russia assistance in building nuclear reactors highlight that Russia would remain India’s most important defence partner even if India’s options have increased.

Quick Digest

Who: India-Russia

Where: New Delhi

What: Signed 20 agreements

When: 11 December 2014

Is this article important for exams ? Yes35 People Agreed

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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