PM Modi In Russia: Two Day Visit, Recieve Guard Of Honour
Prime Minister Narendra Modi arrived in Vladivostok on Wednesday for his two-day Russia visit also receive guard of honour
PM Modi in Russia arrived on Wednesday morning, visited Zvezda shipbuilding complex along with Russian President Vladimir Putin and interacted with the management and workers of the shipyard
“PM @narendramodi was warmly welcomed at Vladivostok airport on his 3rd bilateral visit to Russia. Over the next 2 days, bilateral meeting with President Putin, participation at Eastern Economic Forum & meetings with other world leaders on the agenda,” the ministry of external affairs tweeted.
The PM Modi in russia received a guard of honour on his arrival in Vladivostok.
BENEFITS TO INDIA:
- The Far Eastern Federal District, which is twice the size of India, is rich in resources but has a population of merely 8 million
- Russia said that the resource-rich region provides ample opportunities to India, an energy-hungry nation
- By investing in far-east, Indian companies also get access to a market where it doesn’t compete with Western firms
The resource-rich region provides ample opportunities for India, an energy-hungry nation. India could also provide Russia with much-needed labour for projects in the sparsely populated region. By investing in far-east, Indian companies also get access to a market where it doesn’t compete with Western firms. Both the countries are also looking at opportunities to explore hydrocarbons on the continental shelf in the Arctic and the Russian far-east together.
That India has gone ahead with the purchase of S-400 missile defence system with russia, for over $5 billion, against US wishes, underlines the strength of the ties.
Within the eyes of Modi, Russia and India in 2015 signed a $1 billion agreement to jointly make Kamov Ka-226 military helicopters, part of the “Make in India” initiative. However, the deal has been pushed back repeatedly. India in March launched a joint venture with Russia to manufacture AK-203 assault rifles. Both these agreements are likely to get the much-needed boost during the bilateral talks between the two leaders.
WHAT MODI SAID:
The Russian-Indian partnership has gone beyond the framework of military and technical cooperation, pm modi in russia said.
“We are close friends. And as close friends, we should think about what we can do together in the future,” he said.
“We don’t want to be limited just to relations between the customer and the seller of military technologies. We are sure about the model of transferring technologies. I have said several times about this and we have even started moving in this direction,” Modi said.
“Today, provided that technologies are transferred, the production of military equipment can be cheap in India. And we will be able to supply these weapons to third countries at very low prices. India and Russia need to take advantage of this opportunity,” he noted.