Excellency Putin, I am aware of your deep affection for India. Your personal attention has been a source of strength in our relationship. And, in the complex and changing global context, your leadership has provided stability and substance to our strategic partnership. Ours is a truly privileged and unique relationship.
President Putin and I have just concluded an extensive and useful conversation on the entire spectrum of our engagement.
The agreements on manufacturing of Kamov 226T helicopters; constructions of frigates; and acquisition and building of other defence platforms are in synergy with India’s technology and security priorities.
Last year in Moscow, I had said that we would be enlarging our presence in Russia’s Hydrocarbon sector.
In last four months alone, in a clear expression of our strong and deep engagement in the Hydrocarbon sector, Indian companies have invested close to US Dollars 5.5 billion in Russia’s Oil and Gas sector.
And, with President Putin’s support, we are ready and willing to expand the scope of our engagement further.
We are also undertaking a joint study of a gas pipeline route between our two countries.
With an eye on the future, we also agreed to set up a Science and Technology Commission. Through this our societies will reap the benefits of joint development, transfer and sharing of cutting edge technologies in different fields.
The success of this Summit shines a spotlight on the abiding strength of India-Russia strategic partnership.
Russia’s clear stand on the need to combat terrorism mirrors our own. We deeply appreciate Russia’s understanding and support of our actions to fight cross-border terrorism, that threatens our entire region.