Free Press Journal

“India & Russia” sign key agreements in defence, economic pacts

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India Prime Minister Narendra Modi (R) gestures as he speaks with Russian President Vladimir Putin during the exchange of agreements and joint press statements ceremony during the Indo-Russia Annual Summit at Taj Exotica hotel in Goa on October 15, 2016. / AFP PHOTO / PRAKASH SINGH

Benaulim (Goa): India and Russia on Saturday 16 key agreements, including a pact on missile sales and a joint venture for manufacturing helicopters, as the two countries further boosted their military ties.

The other agreements signed during President Vladimir Putin’s visit for the annual India-Russia summit included:

– A shareholders agreement for 226 Kamov helicopters


– A memorandum of understanding to develop transport logistics system

– A pact on creating a united ship-building corporation

– An agreement on education and training

– An MoU on urban development and smart city projects

– A pact on cooperation between Indian and Russian railways

– Announcement in relation to successful execution of documents between Rossnev and Essar for oil

– Space cooperation between Russian space Corporation and ISRO