MOSCOW, July 9 Russia and India will increase counter trade flows of industrial products and increase their share in trade turnover.
A joint statement following the results of the XXII Russian-Indian annual summit “Russia-India: a strong and expanding partnership” was published on the Kremlin website.
“Noting the great importance of industrial cooperation for the development of relations, the parties confirmed mutual desire to strengthen industrial cooperation in the field of transport engineering, metallurgy, chemical industry and other sectors of mutual interest. The Parties expressed their intention to create favorable conditions for the implementation of promising joint projects in priority areas. The parties emphasized the importance of increasing counter trade flows of industrial products, as well as increasing their share in bilateral trade turnover,» the statement said.