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Moscow, December 24

2015_12$largeimg25_Friday_2015_013149633gallery — The PM takes part in a wreath-laying ceremony at the Tomb of the Unknown Soldier in Kremlin, Moscow, on Thursday. PTI

2015_12$largeimg25_Friday_2015_013150176 — Prime Minister Narendra Modi with President of the Russian Federation Vladimir Putin at a meeting with Russian and Indian CEOs

Hardselling India as an attractive business destination, Prime Minister Narendra Modi today invited Russian CEOs to invest in sectors like aerospace, infrastructure and diamonds, and said his government has created a favourable environment to boost economic growth.He said India’s GDP has clocked an impressive 7.4 per cent growth and the World Bank and International Monetary Fund (IMF) and other international agencies have projected that this growth momentum would continue.Addressing the CEOs Forum here along with Russian President Vladimir Putin, Modi said his government was committed to a fair taxation regime and the efforts towards improving the ease of doing business would go on.He said various indices of the economy, including Current Account Deficit (CAD) and flow of FDI, have been impressive and the aim of his government was to make India a global manufacturing hub.”We are working towards ensuring best possible infrastructure in India… because of efforts of our government, the economy has witnessed sustained growth,” he said, adding “We are committed to ensuring a stable and transparent taxation regime.”Modi said Russia could take advantage of the ‘Make in India’ initiative which would help the economies of both the countries.Russia could play a key role in India’s diamond trade sector, he added.Speaking on the occasion, Putin said that Indian companies could have better involvement in Russia’s oil and gas sector.Efforts would be taken to remove hurdles to ensure better flow of investment from Indian companies in Russia, he added. Modi said his government’s endeavour would be to ensure “liberal conditions” for Indian investors. — PTI

Modi in moscow

Putin gifts Gandhi’s notes, Indian sword A page from Mahatma Gandhi’s diary containing his handwritten notes and an 18th century sword from Bengal have been presented to PM Narendra Modi by Russian President Vladimir Putin. “President Putin gifted me a page from Gandhiji’s diary containing Bapu’s handwritten notes,” Modi, who is here on a two day visit, tweeted.

PM visits memorial

Prime Minister Narendra Modi on Thursday laid a wreath at the Tomb of the Unknown Soldier, a war memorial dedicated to Soviet soldiers killed in World War II. The memorial is located at the Kremlin Wall in the Alexander Garden here. — PTI

Key pacts signed

Cooperation in helicopter engineering
Localise manufacturing in India for Russian-designed Nuclear-reactor units
Travel of certaincategories of citizens simplified
Mutual travel regime for diplomatic/official passport holders
Cooperation to combat customs violations
Technical cooperation in railway sector
Construction of solar energy plants in India
Development of centre of excellence for heavy engineering design
Cooperation in the field of broadcasting
Cooperation for geologic survey, exploration and production of hydrocarbons onshore the Russian federation
MoU between C-DAC, IISc Bengaluru and Lomonosov Moscow State University