Russian First Deputy PM Manturov meets PM Modi; discusses trade, energy ties
New Delhi (PTI): Russia's First Deputy Prime Minister Denis Manturov on Thursday called on Prime Minister Narendra Modi and discussed ways to strengthen bilateral ties in areas of investment, energy and industrial cooperation.
Manturov, on a two-day visit to India, also held talks with External Affairs Minister S Jaishankar and National Security Advisor Ajit Doval.
The Russian embassy said Modi and Manturov discussed "specific steps to implement agreements reached" during the India-Russia summit held in December last.
"Particular attention was paid to further strengthening Russia-India trade, economic, investment, energy and industrial cooperation," it said on social media.
In their meeting, Doval and Manturov were learnt to have discussed bilateral defence cooperation besides the evolving regional security situation.
The Russian first deputy PM's visit to New Delhi comes days after India cleared procurement of a fresh batch of five S-400 missile systems from Russia.
The decision to procure the additional batch of five S-400 air defence missile systems was taken against the backdrop of the missile system proving its capability during Operation Sindoor.
The missile system played a crucial role in India's dominance over Pakistan during the May 7-10 hostilities last year.
In October 2018, India had signed a USD 5 billion deal with Russia to buy five units of 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.
In the talks, the two sides are also expected to exchange views on the West Asia conflict and its impact on global economy, especially on the energy sector.
It is learnt that both sides also reviewed the implementation of decisions taken at the summit talks between Prime Minister Modi and Russian President Vladimir Putin in last December.
Following talks between the two leaders, India and Russia unveiled a raft of measures including a five-year roadmap to build a robust economic partnership and to increase the annual trade to USD 100 billion by 2030.
Russian Foreign Minister Sergey Lavrov last week lauded India's "independent foreign policy" and said that Russia looks forward to welcoming Prime Minister Modi for a visit this year.
In an address at a conference titled 'India and Russia: Towards a new bilateral agenda', he said the "time-tested" friendship between the two countries is a model on interstate relations based on mutual trust and respect.
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IndianOil says it has scaled up Auto LPG supplies
Bengaluru (PTI): IndianOil on Thursday said it has significantly scaled up its Auto LPG supplies across Karnataka in response to a sharp surge in demand, particularly following the closure or partial shutdown of several private Auto LPG outlets in Bengaluru and other parts of the state.
The PSU major said it is currently meeting the fuel requirements of auto rickshaws and LPG-driven cars through its network of 55 Auto LPG Dispensing Stations (ALDS) spread across Karnataka, even as a substantial portion of demand has shifted to public sector outlets due to over 300 privately operated outlets being closed or only partially functional.
"Indian Oil Corporation Limited (IndianOil) has significantly scaled up its Auto LPG supplies across Karnataka in response to a recent surge in demand," V Vetriselvakkumar, Chief General Manager (Corporate Communications) said in a release.
He added that the move comes particularly following the closure or partial shutdown of several private Auto LPG outlets in Bengaluru and other parts of the state.
Despite the increased operational burden, the company said it has taken concerted measures to ensure uninterrupted supply and efficient service delivery to LPG-powered vehicles during the current situation.
The average daily sales at IndianOil's ALDS in Karnataka have risen sharply to 59.53 metric tonne (MT), compared to the previous three-month average of 43.4 MT, reflecting a significant spike in consumer demand, the release said.
Reiterating its commitment, Vetriselvakkumar said IndianOil remains focused on ensuring seamless fuel accessibility while adhering to government directives and maintaining equitable distribution across all sectors.
