Analysts: the intergovernmental Commission of Russia and India reiterated the importance of partnerships

Analysts: the intergovernmental Commission of Russia and India reiterated the importance of partnerships


Following the meeting of the intergovernmental Commission of Russia and India, the Indian analyst said that the countries remain strategic partners. In his opinion, the most active cooperation between Russia and India were established in the field of nuclear energy and defence.

NEW DELHI, 21 Oct. The results of the joint Russian-Indian intergovernmental Commission has shown once again the importance of the partnership between the two countries, according to respondents of Indian experts.

Yesterday in Moscow took place a regular meeting of the intergovernmental Commission of Russia and India on trade-economic, scientific-technological and cultural cooperation. According to Vice-Premier Dmitry Rogozin following the meeting, the parties again announced goal of achieving by 2025 the volume of mutual trade turnover to 30 billion dollars, and also to develop cooperation in various fields.

“The results were expected, and this confirmed the importance of the two countries’ relations with each other. We continue to be strategic partners. Many of the issues that were raised, not only about the bilateral relations, both countries have shown that they have almost the same vision and understanding of events,” the Vice-President of the analytical center Observer Research Foundation, Nandan Unnikrishnan.

Participation in Make in India

According to experts, Russia is actively involved in the campaign Make in India, and it is noticeable Indian partners, particularly in the field of nuclear energy and defence.

“The two sides exchanged visits of defense delegations to consider the possibility of Russian participation in the campaign of Make in India in defence. It will be necessary to maintain the level of defence relationship between Russia and India, which are very busy,” the former foreign Minister of India and a former Indian Ambassador to Russia Kanwal Sibal.

According to Unnikrishnan, the situation in the field of trade relations and investment between Russia and India are more optimistic. “In other fields have also appeared some energy. In the private sector for action in the Russian market. While it’s not the biggest investment, but this is only the beginning. The future seems more optimistic than a couple of years ago,” he said.

Strengthening trade ties

According to experts, unlike nuclear energy and defence cooperation between Russia and India continues to grow, trade and economic relations are developing more slowly.

“As for trade, we set a goal, but were unable to reach them, it’s our weak spot. You must address this issue from both sides, so we can show significant figures of bilateral trade,” said Sibal.

According to Unnikrishnan, Russia and India were divided by the subject of transport, and here the countries should think about bringing a third partner, for example, Iran. “One of the problems of our trade relationship was that we did not have a direct transport corridor. Now with the lifting of sanctions against Iran an opportunity to engage Iran in a tripartite agreement,” assures Unnikrishnan. According to him, creates all conditions for development of the transport corridor “North-South” and the beginning of its use for the transport of goods and of energy products in both directions.