Russian-Indian bilateral trade increases 17% in 2018, says President Putin
Sochi, Russia: Russian President Vladimir Putin has said that bilateral trade between India and Russia increased by 17% this year.
While welcoming Indian Prime Minister Narendra Modi here at Sochi on Monday, President Putin said that Russian-Indian bilateral relationship is (was) getting stronger with significant increase in bilateral trade. He stated that another 17 percent increase since the beginning of this year.
“Russia and India are proactive in their foreign policy cooperation, including within international organisations such as the UN, BRICS, and now the Shanghai Cooperation Organisation. We have established close contacts and collaboration between our defence agencies. All this is indicative of the high level of strategic relations between our countries”, stated President Putin.
While addressing at informal meeting, Indian Prime Minister Narendra Modi was of the view that India and Russia were ancient civilisations and vibrant democracies and India as a friend of Russia wants Russia to be a strong and confident country holding an important place in a multipolar world.
Indian Prime Minister was of the view that Moscow and New Delhi would continue to work together at international organisations, such as the SCO, BRICS, the Conference on Interaction and Confidence-Building Measures in Asia (CICA), as well as in such mechanisms as the North-South International Transport Corridor.