India-Russia extend energy and infra cooperation, sign string of MoUs

India and Russia are eyeing deeper participation in the infrastructure sector with a host of memorandums being signed during Russian President Vladimir Putin’s brief visit. The agreements cover crude oil supply deals, manpower training, technology transfer for oil refineries, and research in the field of metallurgical technologies among others.

According to officials in the know, largely the focus of these agreements is to encourage Indian companies for using more Russian technologies in capacity building.

The Memorandum of Understanding (MoU) for Cooperation in the Power sector between India’s NTPC and Russia’s Inter RAO-Export is aimed at furthering cross border trade of