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India – Russia Summit 2014

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India and Russia reaffirmed to carry forward the strategic partnership between the two countries and decided to expand cooperation in sectors such as energy, defence, health and mining.

Russia promised to build 12 nuclear reactors and contribute in the ‘Make in India’ programme by manufacturing advanced helicopters.
Prime Minister Narendra Modi Ji and Russian President Vladimir Putin unveiled the “Druzhba-Dosti” vision to strengthen the bilateral partnership over the next decade at the end of the 15th annual Summit that discussed broad spectrum of the relationship. `Druzhba’ in Russian language means friendship just as ‘Dosti’ in Hindi.
Russia’s Rosatom will build 12 nuclear reactors in India. Indian officials said a total of six reactors will be built at Kudankulam. A further six will follow at sites to be determined. On defence, the two sides will swiftly move ahead to develop a joint 5th-generation fighter and a multi-role transport aircraft, in addition to the chopper deal. Both sides agreed to enhance the trade from current $10 billion to $30 billion by 2025. Russian oil major Rosneft has signed a 10-year crude supply deal with Essar Oil.
Source Tribune