India and Russia have signed Saint Petersburg Declaration as a roadmap to enhance cooperation after 18th annual bilateral summit. Both countries released their vision for bilateral partnership in the 21st century. A joint statement has been issued regarding it. The statement said India and Russia will cooperate in all possible areas, including defence, counter-terror, intelligence sharing, connectivity initiatives trade and nuclear energy.
The statement said that the leaders of both countries, in the year that marks the 70th anniversary of the establishment of diplomatic relations note that the Indian-Russian special is a unique relationship of mutual trust between two great powers. They Call for early conclusion of negotiations on a comprehensive convention on international terrorism.
New Delhi and Moscow also condemned terrorism in all form. Both countries agreed for setting up of two units of Kudankulam Nuclear Power Plant in third stage. Both nations have also agreed to co-operate on free Trade Area negotiations with the Eurasian Economic Union.
Earlier yesterday, India and Russia have signed 12 agreements including the Saint Petersburg Declaration. Talking to CEO’s Mr. Modi invited Russian Business leaders to invest in India.
Prime Minister Narendra Modi has expressed happiness on the signing of St. Petersburg declaration. In a press meet at the Constantine Palace after meeting the CEOs, both the leaders had agreed to interact closely on various fields including economy, manufacturing, energy to name a few. Mr Modi said that India’s relations with Russia are special and proven to be as strong as ever standing shoulder to shoulder on issues whether it was terrorism or co-strategic interest.
Expressing happiness at the Indo-Russian summit, Mr.Modi told that the relationship has grown extensively. He said that energy cooperation is a major area of the ties including cooperation in renewable energy and nuclear power.
Prime Minister told that the units of Koodankulam Nuclear Power Plant 5 and 6 which was signed will improve the power situation in the country.
Russian President Vladimir Putin told that India and Russia are ideal partners providing support to each other in strategic as well as economic and social matters. He said that 19 projects on pharmaceuticals, aircraft, car manufacturing, gems and diamonds and agriculture were on the pipeline.
Today, the Prime Minister looked forward to being a guest of honor for the first time in St Petersburg International Economic Forum.