India, Russia to achieve
$30bn trade and $50bn
investment target: Modi

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NEW DELHI: Russia and India need to guide their business communities to reach the target of USD 30 billion trade and USD 50 billion investment between the two countries by 2025, said Prime Minister Narendra Modi on Monday.

PM Modi made the remarks at the annual summit with Russian President Vladimir Putin here. The Indian leader said that the year 2021 is of prime importance for bilateral relations between the two countries in many ways.

NEW DELHI: Prime Minister Narendra Modi AND Russian President Vladimir Putin coming to attend a meeting in New Delhi on Wednesday.

“This year marks five decades of the 1971 Treaty of Peace, Friendship and Cooperation and two decades of our Strategic Partnership. It is my pleasure to be with you again in this special year because you have been the main driver of the remarkable progress our Strategic Partnership has made over the past 20 years,” he said.

PM Modi noted that India and Russia have been in regular touch on Afghanistan and other regional issues. “The regional partnership that began with the Eastern Economic Forum and the Vladivostok summit is today turning into a real cooperation between the Russian Far-East and the Indian states,” he said.

Despite the challenges posed by Covid, the pace of relations between India and Russia has not changed, PM Modi acknowledged.

“Our Special and Privileged Strategic Partnership has been continuously strengthening. The fight against Covid has also seen excellent cooperation between the two countries– whether in vaccine trials and production, in humanitarian assistance, or in the repatriation of each other’s citizens,” he said.

NEW DELHI: Prime Minister Narendra Modi with Russian President Vladimir Putin during a meeting at Hyderabad House, in New Delhi on Monday. The two leaders will hold the 21st annual India-Russia summit. (ANI Photo)

India and Russia on Monday signed a record 28 MoUs and agreements across a wide range of sectors.

“Our defence cooperation is being further strengthened through co-development and co-production under the ‘Make in India’ programme. Our cooperation in Space and Civil Nuclear fields is also progressing well,” PM Modi said.

“We are also adopting a long-term vision to deepen our relationship in the economic sector. We have set a target of $30 billion in trade and $50 billion in investment by 2025. We must guide our business communities to reach these goals,” he added.  (

‘Red caps’ are red alert for UP: PM Modi

Meanwhile, in a veiled attack on Samajwadi Party, Prime Minister Narendra Modi on Tuesday termed those with ‘red caps’ as red alert for Uttar Pradesh and said that they want to form the government in the state to show mercy to terrorists and set them free.

“Today, the entire Uttar Pradesh knows very well that those with red caps have been concerned with the red beacon, not with your miseries. Red caps people need power, for scams, to fill their coffers, for illegal occupations, and to give free hand to the mafia,” PM Modi said while addressing an event in Gorakhpur (Uttar Pradesh) on Tuesday.

“Those with red caps wish to form the government, to show mercy to the terrorists, to get the terrorists out of jail. Red caps people are red alert for UP,” he added. 

His remarks came at an event where he inaugurated development projects worth over Rs 9600 crores on Tuesday in Uttar Pradesh’s Gorakhpur.

NEW DELHI: Prime Minister Narendra Modi greets Russian President Vladimir Putin before a meeting at Hyderabad House, in New Delhi on Monday. The two leaders will hold the 21st annual India-Russia summit. (ANI Photo)

Governor Anandiben Patel and Uttar Pradesh Chief Minister Yogi Adityanath were also present at the event.

Slamming the Opposition parties in Uttar Pradesh, the Prime Minister said, “Everyone knew that the demand for AIIMS in Gorakhpur was being raised for years. But those who were running the state government before 2017 made all kinds of excuses to give land for AIIMS.”

“Everyone knew how important the fertilizer plant of Gorakhpur is for the farmers of this entire region, for generating employment here. But the earlier governments did not show any interest in starting it,” PM Modi said.

Appreciating Adityanath’s efforts, the Prime Minister said, “Earlier governments had defamed the name of Uttar Pradesh by giving protection to criminals. Today mafia is in jail and investors are investing openly in Uttar Pradesh. That’s the double evolution of the double engine. That’s why Uttar Pradesh has faith in double engine government.”

Prime Minister dedicated to the nation development projects worth over Rs 9600 crore in Gorakhpur today. (ANI)