India, Russia to sign pacts on nuke energy and space Monday, January 22, 2007 05:21 [IST]
New Delhi: India and Russia
will enhance their civil nuclear cooperation, sign crucial pacts in strategic
areas of defence and space and impart a new vitality to their lukewarm trade
ties during Russian President Valdimir Putin's two-day visit to Indiathat
begins Thursday.
Putin, who has put Russia back into the reckoning as a major
economic player riding on the crest of a booming oil economy, will be the chief
guest at the Republic Day celebrations an honour that will signal an
affirmation of close and time-tested ties between the two countries.
A clutch of agreements on setting up a joint venture in the
energy sector, the purchase of a new generation MiG aircraft, the joint
production of a multi-role transport aircraft (MTA) and close cooperation in
civilian space sector, including joint launch of satellites, and establishing a
centre for technology transfer are expected to be signed during Putin's visit.
Eight-10 agreements are expected to be signed, official
sources said.
The two sides will also discuss ways and means to more than
triple bilateral trade to $10 billion by 2010. A relaxation of the visa regime
will be discussed to facilitate the easier movement of executives between the
two sides.
Manmohan Singh and Putin, who will be accompanied by a large
business delegation, will hold talks Thursday to reinvigorate multi-faceted
ties in areas ranging from business, defence and energy to space and civil
nuclear cooperation.
They will also discuss Iran's
nuclear impasse, North Korean nuclear tests and the resurgence of Taliban in Afghanistan as
well as its impact on the region's security, official sources said.
From India's
point of view, enhancing civil nuclear cooperation with Russia, which
is involved with building nuclear reactors in Kudankulam in Tamil Nadu, will
top the agenda.
Russian Federal Atomic Energy Agency chief Sergei Kiriyenko
has already arrived in Mumbai. He will go to Kudankulam.
A joint political declaration and a joint statement on
continuation of civilian nuclear cooperation, under which Russia will build four more
additional nuclear power units at the Kudankulam nuclear power plant, after the
Nuclear Suppliers Group lifts its curbs, are expected at the end of summit
between Manmohan Singh and Putin.
Accelerating bilateral cooperation in hydrocarbon sector
will get high priority. India
has invested $2 billion in Sakhalin-I oil block in Russia where ONGC Videsh, the
overseas arm of the national oil major, holds a 20 percent stake. India received the first shipment of oil from
the Sakhalin-I in December.
The two countries are also planning to develop oil reserves
in the Bay of Bengal.
In space sector, the two countries are expected to sign an
agreement on GLONASS - a global satellite-based navigation system touted as an
alternative to the GPS system. They will discuss the nitty-gritty of jointly
launching satellites.
Crucial military deals are likely to be signed. Russian Deputy
Prime Minister-cum-Defence Minister Sergei Ivanov is in Mumbai talking to
representatives of the defence industry. He arrives here Wednesday to meet his
Indian counterpart A.K. Antony.
The two sides will step up discussions on the purchase of a
fifth generation fighter aircraft that could be a competitor to the F-35 being
developed jointly by the US,
Britain
and other countries.
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