tag:blogger.com,1999:blog-4550659989396555645.post6848229965715094032..comments2023-08-05T09:22:21.486-07:00Comments on The Conservative Monster.com - CNIN: Russia's Medvedev to visit India on December 4-6Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4550659989396555645.post-30528067809794277842008-12-03T04:30:00.000-08:002008-12-03T04:30:00.000-08:00Was this terror attack all about MONEY????????????...Was this terror attack all about MONEY???????????????<br><br>Russia-India trade to reach $10 bln by 2010 - deputy PM<br>14:42 | 03/ 12/ 2008<br> <br>Print version<br><br>NEW DELHI, December 3 (RIA Novosti) - Russia and India plan to increase trade to $10 billion by 2010 from this year's expected level of $7 billion, and diversify economic cooperation, a Russian deputy prime minister said on Wednesday.<br><br>Speaking at a session of the bilateral commission on trade ahead of the Russian president's visit to India, Alexander Zhukov said: "We are not only aiming to boost the figures measuring cooperation, raising trade to $10 billion by 2010, but we also want our cooperation to reach a modern level, by expanding investment and science and research ties."<br><br>Zhukov said bilateral trade in January-September 2008 grew 54.7% year-on-year to $4.7 billion, with Russian exports growing 62.6% to $3.5 billion and Indian exports by 36.5% to $1.2 billion.<br><br>Russia sells to India power plant and other equipment, fertilizers, chemical products, copper, nickel, plastic goods and wheat. India has exported machinery and pharmaceutical goods to Russia.<br><br>India's investment in Russia - mainly direct investment in the oil and gas industry, banking and information technology - reached more than $820 million in the first half of this year, Zhukov said.<br><br>He highlighted a major project of Russia's AFK Sistema in India. The telecoms and services holding reportedly planned to invest $5-7 billion in launching a mobile communications network in India. The company has so far invested $1 billion in the project.<br><br>A Russian government official taking part in the session said Russia has proposed setting up a joint venture in India to produce new-generation antibiotics. Russia's portion of investment (55%) in the estimated $105 billion project is proposed to be paid by India as part of its debt to the country.<br><br>"Given the considerable price advantages of Indian-made medicines, Russia has taken steps to remove barriers hampering its cooperation in the pharmaceutical sphere," the official said.<br><br>Indian-made pharmaceutical products currently account for 4.1% of the Russian market, he said adding, however, that their quality remains a problem. The official said contacts with Indian producers and state bodies to improve control over quality was a priority in bilateral cooperation in this sphere.<br><br>President Medvedev's two-day visit to India will begin on Thursday. Medvedev and Indian Prime Minister Manmohan Singh are to discuss anti-terrorism cooperation in the wake of terrorist attacks on the country's commercial capital Mumbai last week.<br><br>The visit is expected to see the signing of a series of agreements, including on nuclear cooperation. Russia will help build another four reactors at India's Kudankulam nuclear power plant to add to the two already built.<br><br><a href="http://en.rian.ru/russia/20081203/118664237.html" rel="nofollow">http://en.rian.ru/russia/20081203/118664237.html</a>Anonymousnoreply@blogger.com