India not neutral, it is on the side of peace: PM Modi to Putin on Ukraine conflict
New Delhi (PTI): Prime Minister Narendra Modi on Friday strongly backed the latest efforts to end the war in Ukraine and conveyed to Russian President Vladimir Putin that India will stand shoulder-to-shoulder in all peace efforts to find an amicable solution to the conflict.
The Ukraine issue figured prominently at the annual summit talks between the two leaders that is aimed at further shoring up a nearly eight-decade bilateral partnership that remained in firm footing notwithstanding fractious geopolitical environment and tensions.
In his televised opening remarks at the summit, Modi said India is not neutral as it is on the side of peace to end the Ukraine conflict.
"We have been holding discussions following the start of the Ukraine conflict. As a close friend, you have been regularly apprising us on the situation. I think trust is a major strength," Modi said.
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"We all should find the path of peace. I am aware of the latest efforts and I am confident that the world will turn to peace," he said.
"I have always said that India is not neutral; India has a side and that side is peace. We support all peace efforts and we are standing shoulder-to-shoulder in all peace efforts," he said.
On his part, the Russian president said Moscow is working towards a peaceful solution to the conflict.
Putin was accorded a red carpet welcome on Thursday evening on his first visit to India in four years. It is also his first trip to India since the start of the war in Ukraine in February 2022.
PM Modi personally received the Russian leader with a hug at the Palam airport before travelling together in a white SUV to the prime minister's official residence for a private dinner.
The conversation between the two leaders over dinner is known to have set the tone for the 23rd India-Russia summit talks that is expected to produce a number of tangible outcomes to further broadbase the time-tested relationship.
Boosting defence ties, insulating India-Russia trade from external pressure and exploring cooperation in small modular reactors are set to be the focus of the summit.
The Russian leader's visit to New Delhi has assumed greater significance as it is taking place against the backdrop of rapid downturn in India-US relations.
Following the Modi-Putin talks, the two sides are expected to ink a plethora of agreements, including one on facilitating the movement of Indian workers to Russia, and another on logistical support under a broader framework of defence cooperation.
It is learnt that under the trade basket, Indian exports to Russia are expected to significantly increase in areas of pharma, agriculture, food products and consumer goods.
The move comes amid concerns in New Delhi over a ballooning trade deficit in favour of Russia. India's annual procurement of goods and services from Russia amounts to around USD 65 billion, while Russia's imports from India stand at around USD 5 billion.
Officials said India is also looking at boosting cooperation in the fertiliser sector. Russia supplies three to four million tonnes of fertilisers to India annually. The Indian and Russian sides are also likely to discuss New Delhi's proposed free trade agreement with the Eurasian Economic Union.
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Russian military hardware, spare parts for Indian military to be manufactured in India
New Delhi (PTI): Russia agreed to encourage joint manufacturing in India of military hardware and spare parts for maintenance of Russian-origin arms and defence equipment.
Ways to bolster overall bilateral defence cooperation figured prominently during summit talks between Prime Minister Narendra Modi and Russian President Vladimir Putin on Friday.
It has been a long-standing grievance of armed forces that the supply of critical spares and equipment from Russia takes a long time, affecting the maintenance of military systems procured from that country.
"Both sides agreed to encourage joint manufacturing in India of spare parts, components, aggregates and other products for maintenance of Russian origin arms and defence equipment under Make-in-India programme through transfer of technology," a joint statement said.
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It said both sides also agreed to set up joint ventures for meeting the needs of the Indian armed forces as well as subsequent export to mutually friendly third countries.
The joint statement said the India-Russia defence partnership is being reoriented to take up joint co-development and co-production of advanced defence technology and systems.
In their meeting on Thursday, Defence Minister Rajnath Singh and his Russian counterpart Andrey Belousov resolved to expand bilateral defence cooperation.
In the meeting, the Indian side showed keen interest in procurement of additional batches of S-400 missile systems from Moscow to bolster its combat prowess.
In October 2018, India signed a USD 5 billion deal with Russia to buy five units of the S-400 air defence missile systems, notwithstanding a warning by the US that going ahead with the contract may invite US sanctions under the provisions of Countering America's Adversaries Through Sanctions Act (CAATSA).
Three squadrons have already been delivered.
The S-400 systems played a crucial role during Operation Sindoor. India may also look at procuring the S-500 missile systems from Russia.
In the Modi-Putin talks, the two sides also agreed to continue jointly developing systems of bilateral trade settlements through the use of national currencies.
Additionally, the two sides agreed to continue their consultations on enabling the interoperability of the national payment systems, financial messaging systems, as well as central bank digital currency platforms.
Modi and Putin appreciated the ongoing intensification of the joint work on a free trade agreement on goods between India and the Eurasian Economic Union, covering sectors of mutual interest, the joint statement said.
They also directed both sides to intensify efforts in negotiations on a mutually beneficial agreement on the promotion and protection of investment, it said.
India and Russia also welcomed steps to ensure long-term supply of fertilisers to India and discussed the potential establishment of joint ventures in this area.
