Sunday, August 21, 2016

Russia keen to tap India as Global Aeronautics manufacturing base

Russia is ready to tap India as a global aeronautics manufacturing base and is willing to partner local firms in developing their technological and production capabilities in the aviation sector, an official representing a delegation from the country said during bilateral talks held here.

India, on its part, expressed eagerness to jointly develop iron ore and coal mines in Russian territory and sought technical inputs on producing high-grade cold-rolled, grain-oriented steel, typically used in power transmission equipment.

Ramesh Abhishek, secretary, department of industrial policy and promotion in the ministry of commerce and industry, led the bilateral talks held under the aegis of an India-Russia working group on modernization and industrial co-operation. The Russian delegation was headed by the deputy minister of industry and trade Alexander Potapov.
While both sides acknowledged their mutual interest in expanding bilateral cooperation between Russian and Indian companies in different sectors, more focused discussions were held on modernization, mining, fertilizers and civil aviation.
20/08/16 Northlines
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