India, Russia sign key defence, economic pacts

Indian Prime Minister Narendra Modi with Russian President Vladimir Putin during the India-Russia summit in Goa on October 15, 2016. Image Source: PIB India/Twitter

India and Russia on Saturday signed 16 key agreements, including a pact on missile sales and a joint venture (JV) for manufacturing helicopters, as the two countries further boosted their military ties.

The other agreements signed during President Vladimir Putin's visit for the annual India-Russia summit included:

1. A shareholders agreement for 226 Kamov helicopters

2. A memorandum of understanding to develop transport logistics system

3. A pact on creating a united ship-building corporation

4. An agreement on education and training

5. An MoU on urban development and smart city projects

6. A pact on cooperation between Indian and Russian railways

7. Announcement in relation to successful execution of documents between Rossnev and Essar for oil

8. Space cooperation between Russian space Corporation and ISRO

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