India, Russia review full range of bilateral defence ties

MOSCOW: Defence Minister Rajnath Singh co-chaired the 21st meeting of India-Russia Inter-Governmental Commission on Military and Military Technical Cooperation with his Russian counterpart Andrey Belousov in Moscow on Tuesday. In a social media post, the Defence Minister termed the meeting as productive. He said they reviewed the full range of bilateral defence ties, and discussed ways to deepen cooperation between both the countries. Mr Singh said they are committed to further strengthen India-Russia Special and Privileged Strategic Partnership.

Defence Minister emphasised that the India-Russia relationship is very strong, and has lived up to the responsibilities of a special and privileged strategic partnership. He added that ties have further strengthened with the recent exchanges including two visits of Prime Minister Narendra Modi to Russia during this year.

Mr Singh voiced government’s determination to extend the capabilities of its domestic defence industry across domains and industrial collaboration. He stressed on new opportunities for enhancing participation of Russian industries in the ‘Make in India’ projects. He reiterated India’s commitment towards Special and Privileged Strategic Partnership with Russia.

The Russian Defence Minister emphasised on deepening relationship between both the countries which is based on mutual trust. He stated that the operationalisation of Military Technical Cooperation agreement for 2021-31 will give necessary impetus to ‘Make in India’.

On the occasion, the two Ministers signed the protocol of the 21st IRIGC-M&MTC meeting highlighting the ongoing and prospective areas of cooperation.

Defence Minister also held a meeting with Russian President Vladimir Putin.

Related Business News

India’s Forex Reserves Fall by $3.23 Billion to $654.86 Billion: RBI

India’s foreign exchange (FOREX) reserves declined by 3.23 billion dollars to 654.86 billion dollars in the week ending December 6, the latest data released by the Reserve Bank of India (RBI) showed on Friday. This marks a drop from the previous week’s level of 658.09 billion dolla....

RBI increases collateral-free agricultural loan limit from Rs 1.6 to Rs 2 lakh

The Reserve Bank of India has announced an increase in the limit for collateral-free agricultural loans from 1.6 lakh to 2 lakh rupees. It will be effective from 1st January next year. In a statement, the Agriculture and Farmers Welfare Ministry said that the aim of the decision is to provide ....

U.S. stocks dropped as a hotter producer price index (PPI) overshadowed

U.S. stocks ended lower on Thursday, as a hotter-than-expected producer price index (PPI) report overshadowed earlier momentum in tech shares. The Dow Jones Industrial Average fell 234.44 points, or 0.53 percent, to 43,914.12. The S&P 500 sank 32.94 points, or 0.54 percent, to 6,051.25. Th....

Benchmark domestic equity indices end on a flat note

Benchmark domestic equity indices ended on a flat note on Tuesday. The 30-share BSE Sensex rose marginally by two points to close at 81,510, while the NSE Nifty-50 was slightly down by nine points to settle at 24,610. The broader market indices at the Bombay Stock Exchange ended in positive te....

INS Tushil,commissioned into Indian Navy in Russia

MOSCOW: INS Tushil (F 70), the latest multi-role stealth-guided missile frigate, was commissioned into the Indian Navy in the presence of Raksha Mantri Rajnath Singh at the Yantar Shipyard in Kaliningrad, Russia on December 09, 2024. The defence minister, in his address, described the co....