Friday, December 5, 2008

India, Russia sign "milestone" agreement on Nuclear cooperation


India and Russia signed an agreement on civil nuclear cooperation with Prime Minister Manmohan Singh on Friday describing it as a "new milestone" in bilateral relations.

"The signing of the agreement on civil nuclear cooperation with Russia marks a new milestone in the history of our cooperation with Russia in the field of nuclear energy," Singh told a joint press conference with Russian President Dmitry Medvedev, who is on a three-day visit in New Delhi.



Under the agreement, Russia will build four additional atomic reactors in the Koodankulam nuclear plant in Tamil Nadu.



Besides signing a joint declaration, India and Russia also signed ten agreements on cooperation in various subjects including tourism and space.

Singh, after signing a joint declaration with Medvedev, said both the countries have taken "yet another step forward" through joint action in human space flight programme.

Observing that both countries have decided to increase the trade volume to USD 10 billion by 2010, the Prime Minister said they discussed the possibilities of greater cooperation between Indian and Russian companies, both in upstream and down stream sectors.

"We also agreed to increase defence cooperation," he said.

Noting that people of India have a "great goodwill" for Russia, Singh said New Delhi "appreciated" Moscow's expression of solidarity with the country after the Mumbai terror attacks.

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