New Delhi: Giving a major boost to the country’s development in the defence sector, India has signed two agreements with Russia after their first 2+2 ministerial dialogue on Monday morning.
Defence minister Rajnath Singh and Russian Defence Minister Sergey Shoigu signed the agreement to manufacture nearly 6 lakhs AK-203 rifles under a joint venture in Amethi, Uttar Pradesh, worth Rs. 5000 crores.
The second agreement was signed on amending agreement to extend military technology cooperation for the next decade from 2021 to 2031.
Also Read: India-Russia first 2+2 ministerial dialogue begins, key takeaways from today’s meet
Notably, the agreement was signed ahead of Russian President Vladimir Putin’s visit to India to hold talks with Prime Minister Narendra Modi on Monday evening.
After the meeting, Rajnath Singh tweeted, “Had a productive, fruitful and substantial bilateral discussions on defence cooperation with the Russian Defence Minister, General Sergey Shoigu in New Delhi today. India values its special and privileged strategic partnership with Russia.”
“India deeply appreciates Russia’s strong support for India. We hope that our cooperation will bring peace, prosperity and stability to the entire region.” he said in another tweet.
Sources quoted, both countries are expected to sign more than 10 agreements following annual talks between PM Modi and his counterpart. This agreement is likely to be in the field of space, culture, science and technology, defence, etc.
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