Saturday, October 11, 2014

India, Russia discuss joint ventures in aviation, pharma

New Delhi: India and Russia discussed cooperation in a number of areas including setting up of joint ventures in sectors such as civil aviation, pharmaceuticals, automobiles and fertilisers in a meeting of the working group on modernisation and industrial cooperation on Friday.

With Russian President Vladimir Putin scheduled to visit India in December, the two sides also reviewed progress in the priority investment projects identified in earlier meetings and do some ground-work for the visit, a Commerce Ministry official told BusinessLine.

The Russian side, led by First Deputy Minister of Industry and Trade Nikitin Gleb, included representatives from a number of Russian companies with business interests in India such as Kamaz Motorz Ltd, GAZ Group, REP and Uralmashzavod.
10/10/14 Amit Sen/Business Line
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