India, Russia sign key defence, economic pacts

Benaulim (Goa), Oct 15 (IANS) 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

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