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Vladivostok summit
Why is it in news?
- India sees Russia as a long-term, reliable partner and at the coming bilateral summit between Prime Minister Narendra Modi and President Vladimir Putin, both nations are set to add new areas of cooperation beyond the traditional ones.
More in news
- Russian Far East is a priority:(1) Both leaders see commonalities in terms of economic cooperation and investment.(2) Some major announcements can be expected on how India-Russia relations are going to be diversified and cooperation in the Russian Far East will be a major component of that diversification.
- Vladivostok summit:(1) The Russian Far East comprises the eastern Russian territory between Lake Baikal in eastern Siberia and the Pacific Ocean.(2) Mr. Modi has been invited as the chief guest of the Eastern Economic Forum (EEF) in Vladivostok by Mr. Putin on September 5.(3) The bilateral summit will be held on the sidelines of the EEF.(4) The Vladivostok summit would result in not only consolidating the traditional areas of cooperation - defence, nuclear, space and energy, but also add new pillars of cooperation, including inter-regional cooperation.
- Logistics agreement:(1) Indian and Russia are likely to seal a military logistics support agreement, the Agreement on Reciprocal Logistics Support (ARLS).(2) The pact will facilitate access to each others’ military facilities for exchange of fuel and provisions on mutual agreement, simplifying logistical support and increasing operational turnaround.
- India signed the Logistics Exchange Memorandum of Understanding (LEMOA) with the U.S. in August 2016 and has since concluded several such agreements.
- Long-term spares and maintenance agreements for military hardware:(1) Some progress is also expected on an effort to conclude long-term spares and maintenance agreements for military hardware India has procured from Russia.(2) There could also be an announcement on the manufacture of Ka-226T utility helicopters for the Indian military through a joint venture, the commercial discussions for which have been under way for sometime.
Source
The Hindu