India, Russia sign key defence, economic pacts

5 Dariya News

Benaulim (Goa) 15-Oct-2016

India and Russia on Saturday 16 key agreements, including a pact on missile sales and a joint venture for manufacturing helicopters, as the two countries further boosted their military ties.

The other agreements signed during President Vladimir Putin's visit for the annual India-Russia summit included:

- A shareholders agreement for 226 Kamov helicopters 

- A memorandum of understanding to develop transport logistics system

- A pact on creating a united ship-building corporation

- An agreement on education and training 

- An MoU on urban development and smart city projects 

- A pact on cooperation between Indian and Russian railways

- Announcement in relation to successful execution of documents between Rossnev and Essar for oil 

- Space cooperation between Russian space Corporation and ISRO