Indo-Russia partnership to bring stability to the global energy market

PM highlighted that India's biggest shipyards, Mazagon docks limited will partner with Zvezda for the construction of some of the most important commercial ships in the world.

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Indo-Russia partnershipto bring stability to the global energy market

Prime Minister Narendra Modi while fostering India’s relationship with Russia mentioned that both of the countries stood tough together amidst the test of time and said that the India-Russia energy partnership can help bring stability to the global energy market.

 

India and Russia have been working jointly on many energy projects. PM highlighted that India’s biggest shipyards, Mazagon docks limited will partner with Zvezda for the construction of some of the most important commercial ships in the world.

 

Modi even lauded the cooperative development taken in the vaccination programme as the two countries have worked robustly during the graving hours of the pandemic. The Covid pandemic has highlighted the importance of health and pharmaceutical sectors in the bilateral cooperation, Modi said. 

 

In his virtual address at the Plenary Session of the Eastern Economic Forum (EEF), held at Vladivostok, Prime Minister said, India and Russia are partners in space exploration through the Gaganyaan programme and is also planning to be partners in the opening of the Northern Sea route for international trade and commerce. 

 

PM Modi applauded President Putin’s vision for the development of the Russian Far East. He said India will be a reliable partner for Russia in realising this vision. Prime Minister Modi also recalled that back in 2019, when he had visited Vladivostok to attend the forum, he had announced India’s commitment to enact a “Far East Policy”. 

 

Prime Minister said that despite having restrictions the progress between the two nations has been good and the bond will help in strengthening stronger business for both the strategic countries.

 

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Indo-Russia partnership to bring stability to the global energy market
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PM highlighted that India's biggest shipyards, Mazagon docks limited will partner with Zvezda for the construction of some of the most important commercial ships in the world.
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THE POLICY TIMES
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