India, Russia ink nine MoUs/Agreements following Modi-Putin summit

Moscow/New Delhi, July 9 (FN Bureau) India and Russia inked nine MoUs/Agreements following the 22nd bilateral annual summit between Prime Minister Narendra Modi and Russian President Vladimir Putin in Moscow today. 1. Program of India-Russia cooperation in trade, economic and investment spheres in the Russian Far East for the period from 2024 to 2029, as well as of cooperation principles in the Arctic Zone of the Russian Federation Objective: To facilitate further increase in trade and joint investment projects between the Far East Region of Russia and India. 2. MoU between the Ministry of Environment, Forest and Climate Change of India and Ministry of Economic Development of the Russian Federation on the issues of Climate change and low-carbon development Objective: Establishment of Joint Working Group on the issues of Climate change and low-carbon development.

Exchange of information / best practices and co-hosting research to develop low-cost technologies. 3. MoU between Survey of India and the Federal Service for State Registration, Cadastre and Cartography, Russian Federation Objective: Exchange of knowledge and experience in geodesy, cartography and spatial data infrastructure; professional training and capacity building; cooperation between scientific and educational institutes. 4. MoU between National Centre for Polar and Ocean Research, Ministry of Earth Sciences, India, and the Arctic and Antarctic Research Institute on Cooperation in Research and Logistics in polar regions Objective: Cooperation in the study of polar environments and their variability by sharing resources and data; logistics in polar regions; joint research; exchanges of personnel; and participation in international programmes and projects in the polar region. 5. MoU on Cooperation and Collaboration on broadcasting between Prasar Bharati, India, and ANO “TV-Novosti” (Russia Today TV Channel), Russia Objective: Cooperation in the field of broadcasting, including exchange of programmes, personnel, and training.

6. MoU between Indian Pharmacopoeia Commission, Ministry of Health and Family Welfare, India, and Federal State Budgetary Institution “Scientific Centre for Expert Evaluation of Medicinal Products” of the Ministry of Health of the Russian Federation Objective: To ensure availability of high quality medicines for human use through exchange of information and capacity building. 7. Cooperation Agreement between the Indian International Arbitration Centre and International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Russian Federation For: Facilitation of settlement of civil law disputes of commercial nature. 8. Joint Investment Promotion Framework Agreement between Invest India and JSC “Management Company of Russian Direct Investment Fund” For: Facilitation of investment by Russian companies in the Indian market by promoting and fostering investment cooperation. 9. MoU between Trade Promotion Council of India and All Russia Public Organization “Business Russia” For: Promotion of bilateral trade and investment, organizing B2B meetings, business promotion events; and exchange of business delegations.