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

India, Russia co-chair modernisation and industrial cooperation meeting

Next Story

870 climbers allowed to scale 37 peaks in Nepal

Latest from -Top News

Pakistan’s Shadow War in Balochistan

At least 50 killed by Pakistan-backed death squads in Balochistan in April, says HRCB — toll expected to rise in May….reports Asian Lite News The Human Rights Council of Balochistan (HRCB) reported

Russia, Ukraine Resume Talks

The upcoming talks follow a significant hiatus in diplomatic engagement between the two nations, which have been locked in a brutal conflict since Russia’s invasion of Ukraine in February 2022 Russia and

UN Pays Tribute to Indian Soldiers

Thursday was observed as the 77th UN Peacekeepers Day, honouring the work of 61,353 peacekeepers, of whom 5,375 hailed from India….reports Asian Lite News Brigadier Amitabh Jha and Havildar Sanjay Singh, who

Modi’s New Warfare Playbook

Modi has upended the old playbook and India and Pakistan are entering dangerous new territory where nuclear deterrence is no longer a guarantee against conventional conflict…writes Collins Chong Yew Keat The India-Pakistan

Turkey’s Jet Roars, West Watches

It is visible that Turkey is intentionally reducing reliance on U.S. and Western military imports, especially F-16s and the failed F-35 partnership, to achieve strategic independence….writes Ankit V In 2016, Ankara announced
Go toTop

Don't Miss

Sitharaman, Manturov discuss boosting economic ties

The ministers agreed to strengthen economic and financial cooperation to

Rahul dares Modi to remove 50% quota limit

Addressing an election rally at Nirmal in Adilabad Lok Sabha