April 12, 2011 11:17 AM

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India, China relationship acquired global significance: PM

Prime Minister Dr. Manmohan Singh has said that he is looking forward to his meeting with the Chinese President Hu Jintao. In his departure statement, Dr. Singh said that India China relationship has acquired global significance. Dr. Singh said that in his bilateral meeting with the Presidents of Russia, Brazil and South Africa, he will have substantive discussions on wide range of issues. Dr. Singh welcomed South Africa's participation for the first time in the BRIC Summit. This, he said will provide an African prospective to the deliberations. He said that BRIC can make substantial contribution in sustaining the process of global economic and financial recovery. Dr. Singh added that traditional sources of economic growth are still under stress and even as fresh uncertainty have emerged as a result of recent developments in different parts of the world. The Prime Minister said that if BRIC countries can coordinate their positions on issues like sustainable development, balance growth, energy and food security and reform of international financial institutions. It will be to the advantage of the grouping. He said today, that all BRIC countries are members of G-20 and UN Security Council and experience of working with each other in this forums has been positive and holds promise. On his travel to Kazakhistan Dr. Singh said that he will built upon the successful visit of President Nazarbayev to India in 2009 and expand the frontier of bilateral cooperation with that country. The Prime Minister said, that there is immense potential for moving forward in political and security cooperation besides trade and investment. He said other areas of cooperation are energy, pharmaceutical, agriculture, information technology and capacity building.

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