Modi, who is on a two-day visit here, conveyed to Putin that their summit talks will give a fresh impetus to the bilateral relations as it will provide "new energy" to further strengthen ties.
As part of the 16th annual India-Russia Summit, Modi and Putin held a one-on-one meeting before they were joined by their respective delegations. The two sides continued their deliberations over lunch at the Kremlin.
Putin, in his opening remarks during his meeting with Modi, said, "I am pleased to note, and I am happy to do that, that we are consistently and confidently developing the privileged strategic partnership between India and Russia."
The bilateral relations were developing in all directions -- in international politics, economy and the humanitarian area, he was quoted as saying by the state-run TASS news agency.
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The Prime Minister also mentioned about death of a Russian pilot in downing of a Russian plane on the Syrian border. Modi also expressed condolence over the death of Russian citizens in a plane crash in Egypt in October.
"I would like to express my condolences in connection with the recent developments in Egypt and Turkey, when a Russian pilot and innocent Russian citizens died. This was a great tragedy and the entire people of India were with Russia during these difficult moments," he said.
He also mentioned about Atal Bihari Vajpayee under whose prime ministership the tradition of annual summits between the two countries was "born". "These annual summits have raised Indian-Russian relations to a new level."
Putin, on his part, expressed happiness over two countries going ahead "consistently and confidently" in developing the privileged strategic partnership.