Prime Minister Narendra Modi and visiting Russian President Vladimir Putin on Saturday began a closed-door bilateral meeting ahead of BRICS heads of states meet in Goa.
The two leaders are meeting as part of the annual India-Russia summit following which the two countries are expected to sign key defence, energy and agriculture-related business deals.
External Affairs Ministry Spokesperson Vikas Swarup said Modi and Putin "will discuss on a range of issues including defence, counter-terrorism".
Earlier in the day, Putin arrived at the Dabolim airport to a red carpet welcome after which Modi, on Twitter, greeted the Russian President saying: "India welcomes you, President Putin! Wishing you a fruitful visit."
Top bureaucrats from the Russian defence, energy, trade and industries ministries accompanied the President.
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Modi and Putin via video conference will also participate in foundation-laying ceremony of the third and fourth power units at the Kundakulam nuclear power plant.
The two leaders are expected to hold discussions over lunch and issue a formal statement to the media following the summit.
Talks between India and Russia for setting up units 5 and 6 of the Kudankulam Nuclear Power Project (KNPP) are also expected to culminate into a general framework agreement.
The two leaders are expected to discuss various defence deals, including the billion dollar Kamov-226 T helicopter deal that India has been eyeing to clinch, the report added. Apart from this, the report said that negotiations may involve India's bid to acquire five S-400 'Triumf' long-range air defence missile systems and upgraded models of the Sukhoi 30-MKI elite fighter jet.
This could be announced after talks between Modi and Putin.
An official of the Russian atomic energy corporation Rosatom, the builders of KNPP, told IANS on Friday that negotiations for units 5 and 6 had been expedited so that an announcement could be made during the BRICS leaders summit in Goa on October 15-16.