Russian President Dmitry Medvedev's current visit to India is expected to see the two countries sign a number of high-profile deals.
The Russian president arrived in India on Thursday on an official two-day visit to discuss bilateral ties amid the global financial crisis and anti-terrorist efforts in the aftermath of the recent Mumbai attacks that left 174 people dead.
Medvedev is being accompanied by a host of officials and businessmen from various state-run and private agencies and companies during his visit.
Rosoboronexport, the state-run arms exporter, said on Friday it would sign a contract on the delivery of 80 Mi-17 Hip military transport helicopters to the Indian air force.
Russian nuclear power chief Sergei Kiriyenko said Russia and India would sign an agreement to build another four reactors at the Kudankulam nuclear power plant and a protocol on the delivery of nuclear fuel worth $700 million to Indian nuclear power stations. The visit may also see the signing of an agreement for Russia to build new nuclear power plants in the country.
Russia's space agency said Moscow and New Delhi would sign a new document on cooperation in space exploration, which includes plans to send two Indian astronauts to space on board a Russian Soyuz spacecraft in 2013.
Russia's Statistics Service earlier said accumulated Indian investment in Russia totaled $821 million, including $718 million of foreign direct investment. Russia invested $18 million in India in the first half of 2008.
The two countries plan to increase trade to $10 billion by 2010 from this year's expected level of $7 billion, and diversify economic cooperation in the future.
(Source: RIA Novosti)
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