41d344151a0f41969d01

Major deals between India and Russia, New Delhi, December 22, 2010

Thursday, 23 December 2010 14:20

1. Preliminary Design Contract for Fifth Generation Fighter Aircraft (FGFA) SIGNIFICANCE FOR INDIA: This $35 bn deal for joint development of FGFA will, it is believed, form the backbone of the Indian Air Force's combat fleet beyond 2020.

2. Cooperation in hydrocarbon sector between ONGC Videsh Ltd and JSFC Sistema SIGNIFICANCE FOR INDIA: Will enable ONGC Videsh Ltd (OVL) to barter its stake in its Russian unit Imperial Energy for a 25-30 per cent interest in Sistema-owned JSC Bashneft. OVL will get a part of Sistema's 49 per cent stake in Russ-Nef that has fields in Russia producing 12 mn tonnes of oil and a stake in Trebs and Titov fields that Bashneft won recently. In exchange, OVL will give away its 100 per cent interest in Imperial Energy acquired in 2008.

3. Cooperation in pharmaceutical sector between India's ministry of chemicals & fertilisers and Russia's ministry of trade & industry SIGNIFICANCE FOR INDIA: Will enable Indian pharmaceutical industries to enter Russian market. Last week, India had sought such access from China.

4. MoU on combating irregular migration between India and Russia SIGNIFICANCE FOR INDIA: Will help check illegal migration.

5. Cooperation in oil and gas sector SIGNIFICANCE FOR INDIA: Will help India acquire hydrocarbon assets in Russia and buy oil and gas from there. Also, the two countries could jointly explore and harness resources in hydrocarbon-rich countries.

6. MoU between the State Atomic Energy Corporation 'Rosatom' and Department of Atomic Energy of India for scientific and technical cooperation SIGNIFICANCE FOR INDIA: Will enable joint research and development in reactor technology. The institutes on both sides will be able to cooperate on peaceful uses of nuclear energy.

7. Cooperation in science, technology & innovation SIGNIFICANCE FOR INDIA: Will give technological and scientific support to boost India's economic growth.

8. GLONASS high precision signal access to India SIGNIFICANCE FOR INDIA: Will enable India to get high precision signals from the Global Navigation Satellite System. Designed for both military and civilian use, GLONASS is strategically important for India to become a military leader.

9. Simplification of travel documents for certain categories of people SIGNIFICANCE FOR INDIA: Will simplify procedures for early visas to non-diplomats and non-officials. Will be helpful for businessmen.


THE OTHER AGREEMENTS

In the field of elections
Cooperation in emergency management
Establishing Indo-Russian Scientific and Technological Centre
 Cooperation in infotech

TRADE/BANKING
On foreign trade
On banking sector cooperation
MoU between EXIM Bank and Vnesheconombank to operationalise the $100 mn LoC (Line of Credit) signed last year
Opening Official Representative Office of OJSC Gazprombank in India

POWER
MoU on setting up a 50:50
joint venture for steel plant in Karnataka

PHARMACEUTICALS
Deal between JSC R-Pharm and Dr Reddy's Laboratories Ltd for cooperation in licencing and technology transfer
Between JSC Pharmasyntez and Naprod Life Science Pvt Ltd
Agreement on co-operation between JSC Arkihin & Biopharm

COMMUNICATIONS AND IT CHEMICALS/PETROCHEMICALS
Deal between Reliance and Sibur for setting up a butyl rubber manufacturing facility in India
MoU between Pereslavskij Technopark and Swastik Polymers
Deal between Pereslavskij Technopark and Asia Pacific Institute of Information Technology
MoU between JSC Sitronics and Shyam Telecom
Between JSC Navigation - Information Systems and Glonis Solutions
Between JSC Navigation-Information Systems and Kerala State Electronics Development Corporation
MoU between TATA Sons and Skolkovo Foundation

CHEMICALS/PETROCHEMICALS
Deal between Reliance and Sibur for setting up a butyl rubber manufacturing facility in India
MoU between Pereslavskij Technopark and Swastik Polymers

Popular articles

23 December 2010

Major deals between India and Russia, New Delhi,...

1. Preliminary Design Contract for Fifth Generation Fighter Aircraft (FGFA) SIGNIFICANCE FOR INDIA: This $35 bn deal for joint development of FGFA...
03 December 2004

Joint declaration by the Russian Federation and the...

The Republic of India and the Russian Federation, hereinafter referred to as the Sides,Guidedby mutual trust and respect inherent in bilateral...
25 January 2007

Joint Statement on the outcome of the Official...

The President of the Russian Federation, H.E. Mr. Vladimir V. Putin, paid an official visit to theRepublic of India on January 25-26, 2007 at the...
Emergency phone number only for the citizens of Russia in emergency in India +91-81-3030-0551
Address:
Shantipath, Chanakyapuri,
New Delhi - 110021
Telephones:
(91-11) 2611-0640/41/42;
(91-11) 2687 38 02;
(91-11) 2687 37 99
E-mail:
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.