October 21, 2009 2:11 PM

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India, Russia aim to boost trade to USD 20bn by 2015

India and Russia are mulling new hi-tech projects, including in the fields of nuclear energy and nano-technology, in an effort to boost their bilateral trade to 20 billion dollars in 2015, nearly tripling the current volume of 7 billion dollars.Opening the 15th session of India-Russia Inter- governmental Commission on trade, economic, scientific, technological and cultural cooperation in Moscow, Russian Vice Premier Sergei Sobyanin declared the two nations are confidently moving towards achieving the previously set target of 10 billion in 2010 dollars.From the Indian side, the commission is co-chaired by External Affairs Minister S M Krishna. The joint protocol of the 15th session signed by Krishna and Sobyanin notes the positive trend in bilateral trade even during the times of current crisis.At the session, the two countries agreed to sign accords on construction of unit 3 and 4 at the Kudankulam nuclear power plant in Tamil Nadu and other sites in India.An agreement to this effect is expected to be signed during Prime Minister Manmohan Singh's visit to Russia in December.

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