India, Russia aim to boost bilateral trade to USD20 bn in 2015

India, Russia aim to boost bilateral trade to USD20 bn in 2015
Vinay Shukla
Moscow, Oct 21 (PTI) India and Russia are mulling new
hi-tech projects, including in the fields of nuclear energy
and nano-technology, in an effort to boost their bilateral
trade to USD 20 billion in 2015, nearly tripling the current
volume of USD 7 billion.

Opening the 15th session of India-Russia Inter-
governmental Commission on trade, economic, scientific,
technological and cultural cooperation here, Russian Vice
Premier Sergei Sobyanin declared the two nations with trade
volume of around USD 7 billion are confidently moving towards
achieving the previously set target of USD 10 billion in 2010.
From the Indian side, the commission is co-chaired by
External Affairs Minister S M Krishna, who arrived here late
Tuesday night on a two-day maiden Russia visit, during which
he is also scheduled to meet Foreign Minister Sergei Lavrov
and call on President Dmitry Medvedev.
The joint protocol of the 15th session signed by
Krishna and Sobyanin notes the 'positive trend' in bilateral
trade even during the times of current crisis and reflects the
readiness of India and Russia to take steps to further boost
it up to USD 20 billion mark in 2015.
At the session, the two countries agreed to sign
accords on construction of unit 3 and 4 at the Kudankulam
nuclear power plant in Tamil Nadu and other sites in India.
An agreement to this effect is expected to be signed
during Prime Minister Manmohan Singh's visit to Russia in
December. (More) PTI VS
PMR


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