October 18, 2024
1 min read

India, Russia co-chair modernisation and industrial cooperation meeting

The session was organised under the aegis of India-Russia inter-governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC)….reports Asian Lite News

India and Russia co-chaired the 10th session of the Working Group on Modernization and Industrial Cooperation on October 15.

The session was organised under the aegis of India-Russia inter-governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC).

Under the Strategic Partnership, several institutionalized dialogue mechanisms operate at both political and official levels to ensure regular interaction and follow-up on cooperation activities.

IRIGC-TEC guides the conduct of economic cooperation at the Governmental level. Thus, it serves as a mechanism for regularly monitoring bilateral progress across the sectors of trade and economic cooperation between India and Russia.

This was set up by an Agreement on the inter-governmental Commission on Trade, Economic, Scientific and Technological Cooperation signed in May 1992. The first session of IRIGC was held on 13 and 14 September 1994.

Since then the two countries have seen significant developments across diverse fronts. The developments were shared on the social media platform, X.

The Indian side saw representation from Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT).

The Russian side saw representation from Alexey Gruzdev, Deputy Minister for Industry and Trade of the Russian Federation.

It was noted in the post that both the countries “shared progress on several pillars of economic cooperation and outlined the objectives for modernization and industrial cooperation in various sectors”.

Russia has been a longstanding and time-tested partner of India.

Since the signing of the “Declaration on the India-Russia Strategic Partnership” in 2000, India-Russia ties have seen heightened levels of cooperation in almost all areas, including political, security, defence, trade and economy, science & technology, culture, and people-to-people ties.

The two countries have a Special and Privileged Strategic Partnership.

With the recent visit of PM Modi to Russia in July earlier this year, Modi and Putin appreciated the work of IRIGC-TEC for ensuring further expansion and diversification of bilateral economic relations. (ANI)

ALSO READ: China tells India to tread lightly on Taiwan

Previous Story

Africa a key trade, investment destination, says Murmu

Next Story

India, Russia co-chair modernisation and industrial cooperation meeting

Latest from -Top News

India Targets Terror at SCO Meet

In addition to addressing the plenary, Singh will hold bilateral meetings with his counterparts from several participating nations, including China and Russia….reports Asian Lite News In a renewed diplomatic offensive against Pakistan-sponsored

Middle East Shutdown Disrupts Kerala Flights

With the Israel-Iran ceasefire easing tensions, airlines have begun rescheduling flights, bringing relief to stranded travellers….reports Asian Lite News A sudden closure of airspace over parts of the Middle East late Monday

No Ceasefire Deal, Says Tehran

Iran’s Foreign Minister Abbas Araghchi says no “agreement” on ceasefire between Israel and Iran…reports Asian Lite News Uncertainty and scepticism mounted on Monday after a surprise ceasefire announcement by the United States,

Awami League Blasts Yunus ‘Propaganda’

Sheikh Hasina’s party slammed Ordinance No. 30, 2025, calling state recognition of the event an attempt to legitimise an “unconstitutional and unethical conspiracy….reports Asian Lite News Bangladesh’s ruling Awami League has strongly

Pakistan Snubs US at UN

Ahmad said that Pakistan, in collaboration with its all-weather friend, China and its ally, Russia, was circulating a draft resolution for the Council to adopt….reports Asian Lite News Despite the high-profile lunch
Go toTop

Don't Miss

South Asia awaits India’s Budget

Apart from the South Asian region, many other countries across

India to host 200 G20 meetings in 50 cities

These meetings are being held in over 30 different work-streams