India and Russia signed 16 agreements and 3 announcements across several fields including defence and space.

A number of pacts on cooperation in energy, power, shipbuilding, space and smart cities were signed after the bilateral talks between the two leaders in Goa. The delegation-level talks were held on the sidelines of the 8th BRICS summit in the state.

PM Narendra Modi termed Russia as India's old friend. “The agreements on manufacturing of Karnov 226T helicopters; construction of frigates; and acquisition and building of other defence platforms are in synergy with India’s technology and security priorities” said PM Modi.

“The Green Corridor and the International South Transport Corridor will serve to strengthen trade facilitation, logistical links and ensure better connectivity between the two countries. Our efforts for setting up of the Investment Fund of $1 billion between National Investment and Infrastructure Fund(NIIF) and Russia Direct Investment Fund (RDIF) will help our infrastructure partnership,” the prime minister said.

Full statement of PM Narendra Modi

Covering the dominating issue of terrorism in neighbouring countries, the prime minister also said, “We affirm the need for zero tolerance in dealing with terrorists and their supporters. Russia’s clear stand on the need to combat terrorism mirrors our own.”

“The success of this Summit shines a spotlight on the abiding strength of India-Russia strategic partnership. It also highlights our strong convergence of views and positions on pressing international and regional issues. Russia’s clear stand on the need to combat terrorism mirrors our own,” PM said.

- Nandini