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This is an archive article published on November 17, 2010

Medvedev coming next month,India,Russia to finalise pacts

As India prepares to host Russian President Dmitry Medvedev,the two countries will hold their 16th meeting of joint economic commission with an aim to finalise agreements.

As India prepares to host Russian President Dmitry Medvedev next month,the two countries will hold their 16th meeting of joint economic commission on Thursday with an aim to finalise agreements.

The Indo-Russian Intergovernmental Commission (IRIGC) on trade,economic,scientific,technological and cultural cooperation,co-chaired by External Affairs Minister S M Krishna and newly appointed Russian co-chair Deputy Prime Minister Sergei Ivanov,will review the economic aspects of the ties.

Joint Secretary (Eurasia) in the MEA Ajay Bisaria said: “We would expect some more agreements to be reached or understandings to be reached before December. This (IRIGC) is a mechanism which comprehensively reviews the relationship and the Deputy Prime Minister will be calling on Prime Minister and other senior leaders.”

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When asked whether specific projects will come up for discussions,he said,“Yes certainly,there will be comprehensive review of all on-going projects as well as number of future projects are likely to be identified.”

The IRIGC will also focus on promoting bilateral cooperation in pharmaceuticals,energy,both conventional and civil nuclear,IT and telecommunications,advanced and applied sciences,hydrocarbons and hi-technology. However,it will not deal with nuclear power cooperation,Bisaria said. Ivanov,who is arriving here on Wednesday,will be accompanied by a high-level official delegation and a large group of industry representatives. Both countries have put a trade target of US$20 billion to be achieved by 2015.

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