December 17, 2010 6:33 PM

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India, Russia to ink more than 15 pacts during Medvedev visit

India and Russia are to ink more than 15 pacts in key areas of civil nuclear cooperation and defence, including one on fifth generation fighter aircraft during the visit of Russian President Dmitry Medvedev. He is arriving in New Delhi on Monday night. Briefing reporters on the Presidential visit in New Delhi on Friday, Russian Ambassador to India Alexander M Kadakin said, Medvedev, will hold talks with Prime Minister Manmohan Singh on a range of bilateral and regional matters, including the situation in Afghanistan and Pakistan, apart from global issues. Identifying cooperation in civil nuclear field as one of the most important components of Indo-Russia ties, he said, his country was ready to build over a dozen nuclear power plants in India in next 15-20 years. AIR correspondent reports, in defence cooperation, the two sides are expected to sign a pact on joint production of 5th generation fighters during the visit. Enhancing economic relations will be another important aspect of the visit as both sides feel that business ties were yet to achieve their potential. Both the countries have set a trade target of 20 billion US Dollars in next five years.

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