Focus on nuclear power deal as PM reaches Russsia
Prime Minister Narendra Modi has reached Russia and today he will meet Russian President Vladimir Putin for an annual summit. Notably, the biggest highlight of this summit is signing an agreement to build the last two unit of the Kundankulam nuclear power plant with Moscow’s help.
According to reports, both the nations are expected to sign a number of agreements in wide- ranging sectors, including science and technology, railways, cultural exchanges and other business areas.
Here are 8 important things you need to know about Prime Minister’s trip:
- If both the leaders will seal the deal, then it would boost India’s nuclear power generation.
- The two reactors Tamil Nadu’s Kudankulam are being built by India’s Nuclear Power Corporation of India Ltd and Russian Atomstroyexpoert, subsidiary of Rosatom, the regulatory body of the Russian nuclear complex. Notably, both the units have the capacity to produce 1000 MW electricity each.
- After landing in Russia, PM Modi tweeted, “Reached the historic city of St. Petersburg. Looking forward to a fruitful visit aimed at cementing India- Russia relations.”
- As per reports, 12 agreements are expected to get signed, which will include different sectors such as Science and Technology, railways, cultural exchanges and other business areas.
- Trade with Russia stands at $7.8 billion. Both the nations are hoping to raise it to $30 billion over the next five years.
- Notably, on Friday, PM will be the guest of honor at the annual St. Petersburg International Economic Forum- a business and political summit. Interestingly, this is the first time when an Indian Prime Minister is attending the summit.
- Prime Minister went to Russia from Spain, where he signed many deals.
8 .Around 60 countries are attending the summit. India is expected to host roundtables and an exclusive India- Eurasia economic and business breakfast.
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