India and Russia have identified key areas to bolster co-operation in the science and technology sector, including space and marine technologies, IT and deep ocean engineering.
The areas were chosen at the first meeting of India-Russia Joint Committee on Science and Technology Cooperation in the Siberian city of Novosibirsk.
The meeting was co-chaired by Defence Minister Arun Jaitley and Russian Deputy Prime Minister Dmitryi Rogozin .
Official sources said, both sides finalised the working procedures for the Committee to ensure speedy decision making in implementing joint projects.
Describing Russia as a partner of choice for India in high technology sector, Mr Jaitley said the new mechanism will further energise the bilateral partnership.
He said, it will help in opening up advanced areas of cooperation which will benefit the future generations.
Mr Rogozin praised Prime Minister Narendra Modi’s ‘Make in India’ initiative and said it was an inspiration for Russia to launch its own version of drive to enhance industrialisation.
Moscow has launched a “Do It In Russia” initiative to promote local manufacturing and technology development.
Mr Jaitley will now travel to Moscow to co-chair the India-Russia Inter Governmental Commission on Military Technological Cooperation to be held tomorrow.