India, Russia unveil new measures to broaden trade, economic ties between countries
PM Modi bats for bringing peace to Ukraine
New Delhi (PTI): India and Russia on Friday firmed up a five-year plan to bolster economic and trade partnership in the face of Washington's punitive tariff and sanctions regime even as Prime Minister Narendra Modi conveyed to President Vladimir Putin that the war in Ukraine must be brought to an end through dialogue.
Following their summit talks, Modi and Putin unitedly demonstrated their keenness to impart a fresh momentum to the trajectory of the over eight-decades-old partnership between the two nations.
Besides finalising the 2030 economic programme, the two sides signed several agreements to expand cooperation in a number of sectors including health, mobility and people-to-people exchange.
"Over the past eight decades, the world has witnessed numerous ups and downs. Humanity has had to pass through many challenges and crises. And amidst all this, the India-Russia friendship has remained steadfast like a pole star," Modi said in his media statement.
ALSO READ: India not neutral, it is on the side of peace: PM Modi to Putin on Ukraine conflict
The prime minister, referring to the economic roadmap, said taking the India-Russia economic partnership to new heights is now a common priority for both sides. Modi also said that India and Russia are working towards early conclusion of a free trade agreement with Eurasian Economic Union.
The Ukraine conflict also figured prominently in the talks with Modi saying that India has advocated for peace in that country.
"We welcome all efforts being made for a peaceful and lasting resolution of this matter. India has always been ready to contribute its part and will remain so in the future," he said.
On threat of terrorism, Modi said India and Russia have long been standing shoulder-to-shoulder in the fight against the menace.
"Whether it is the terrorist attack in Pahalgam or the cowardly assault on the Crocus City Hall - the root of all these incidents is the same," he said.
"India's unwavering belief is that terrorism is a direct assault on the values of humanity and that global unity against it is our greatest strength," he added.
Modi said India-Russia cooperation in the critical minerals sector is crucial for ensuring secure and diversified supply chains across the entire world.
ALSO READ: Russian President Putin says India, Russia collaboration not directed against anyone
In his remarks, Putin said the two sides resolved to prioritise cooperation in areas of security, economy, trade and culture.
We are looking at increasing annual bilateral trade volume to USD 100 billion, he said.
Putin said Russia is also looking at expanding cooperation in the energy sector with New Delhi, adding his country is ready for uninterrupted shipments of fuel to India.
We could also talk about cooperation in construction of small modular nuclear reactors and floating nuclear power plants, he said.
Russia, India and other like-minded nations are working towards a just and multipolar world.
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India moving towards becoming global economic powerhouse: Kovind
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Amritsar (PTI): Former president Ram Nath Kovind on Friday said that with digital transformation, economic reforms and a strong focus on the ease of doing business, India is moving towards becoming a global economic powerhouse.
He was speaking after inaugurating the 19th edition of the Punjab International Trade Expo (PITEX) in Amritsar.
The former president said that this 19th edition of PITEX is being organised at a time when India is recognised as one of the fastest-growing large economies in the world.
Speaking at the inaugural ceremony of the event organised by the PHD Chamber of Commerce and Industry (PHDCCI) the former president, while referring to Punjab, said the state is a living example of courage, sacrifice and enterprise.
"The spiritual light of Sri Harmandir Sahib (Golden Temple) inspires peace and humanity across the world. The heritage of Punjab is deep and inspiring," Kovind said, according to a statement issued by the PITEX.
The former president congratulated the PHDCCI for hosting the 19th edition of PITEX and suggested that the chamber should expand PITEX outside Punjab.
He proposed that a similar event should also be held in New Delhi.
