India starts preparations for free trade zone with Customs Union

Discussion in 'Economy & Infrastructure' started by AVERAGE INDIAN, Nov 6, 2014.

  1. AVERAGE INDIAN

    AVERAGE INDIAN EXORCIST Senior Member

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    The country supported a proposal to establish a workshop to prepare to sign a free trade agreement with the Customs Union, Russia's Deputy Prime Minister Dmitry Rogozin says

    NEW DELHI, November 5. /TASS/. India has supported a proposal to establish a workshop to prepare to sign a free trade agreement with the Customs Union comprising Russia, Belarus and Kazakhstan, Deputy Prime Minister Dmitry Rogozin told reporters Wednesday.

    “Foreign Minister Sushma Swaraj (who is also chairwoman of intergovernmental commission) has informed us that the creation of the workshop was approved by Indian authorities. This means that we will proceed with activities of this group starting from today,” Rogozin said.

    India announced its interest in free trade with the Customs Union last year.

    Russia-India joint Sukhoi Superjet-100 production

    Russia and India discussed the prospects of launching the joint production of Sukhoi Superjet-100 medium-haul airliners on Indian soil, Dmitry Rogozin said after a meeting of the Russian-Indian inter-governmental commission for trade, economic, scientific and technical and cultural cooperation.

    “The talk is about producing Sukhoi Superjet-100 airliners on Indian soil. The planes can be produced both for the needs of the Indian market and for sale to third countries,” Rogozin said.

    India also “showed interest in the MS-21 medium-haul passenger airliner,” which fully meets “the requirements of the Indian market both by the number of passenger seats (180 passengers) and the flight distance (up to 5,000 km), the Russian vice-premier said.

    The first MS-21 plane is set “for its first flight in 2016 and the start of its serial production is scheduled for 2017,” Rogozin said.

    Russia also considers as promising its cooperation with India in helicopter-making, the Russian vice-premier said.

    “Our proposal in this sphere boils down to using Ka-226 helicopters both for civilian and military needs,” the vice-premier said.

    Joint production of GLONASS modules

    Russia has offered India to launch joint production of GLONASS modules, Russian Vice-Premier Dmitry Rogozin told journalists on Wednesday.

    “Space cooperation was a separate item on the agenda. We agreed to hold separate consultations on this subject. I mean manned cosmonautics and projects linked to the joint production of the Russian GLONASS navigation system, including joint productions of modules for receiving GLONASS signals,” Rogozin said.

    The vice-premier said that Russia considered joint production of modules to be possible, especially if India agreed to introduce the ERA GLONASS system of satellite monitoring of transport for automatic transmission of signals to emergency response centers in emergency situations.

    Rogozin also focused on another promising area of Russian-Indian cooperation such as joint production of electronic components and bilateral projects in the sphere of space instrument engineering.

    “I believe that we are going to reach understanding on adjustment of our space programmes when Russian President Vladimir Putin visits India (in December) or shortly after it,” Rogozin stressed.

    The Russian vice-premier is scheduled to meet Indian Prime Minister Narendra Modi during his visit to India.

    Indian Foreign Minister Sushma Swaraj is the Indian co-chairman of the Russian-Indian inter-governmental commission for trade, economic, scientific-technological and cultural cooperation.

    TASS: Economy - India starts preparations for free trade zone with Customs Union

    @Ray Sir , @bengalraider , @pmaitra , @ersakthivel , @Casper , @arnabmit , @TrueSpirit1 , @sesha_maruthi27 , @Abhi9 , @Peter , @sgarg , @Shaitan , @Pandora , @LETHALFORCE Sir , @cobra commando , @power_monger , @Illusive , @ghost , @sayareakd Sir , @SilentKiller , @Neil , @praneet.bajpaie , @SajeevJino , @RAM , @sydsnyper and all intrested members please share your opinions
     
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  3. pmaitra

    pmaitra Moderator Moderator

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    @AVERAGE INDIAN, have you missed out any member of DFI? :)

    Anyway, yes, India should trade with everyone. We trade a lot with PRC, why not the Customs Union? I say, go for it.
     
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  4. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    With trade sanctions and isolation of Russia . The best time to get good terms on deals
    With Russia is now. Putin says he is moving toward an Asian pivot ; with russian currency
    Collapsing all benefits india in trade agreements.
     
  5. SajeevJino

    SajeevJino Long walk Elite Member

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    I just want to Know How many defence deals with russia has been Signed . Our Gov Looking for Some Ubber Western High end Systems ' Lets we take whatever Russia Offered to us is easily understandable by the Chinese . Whether The Planes or the Tin cans . So we have to move With russia only on Economically. or Fully on Civil Purpose .


    huh ..Lets wait and see Till December
     
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  6. sgarg

    sgarg Senior Member Senior Member

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    The services dream of uber high end weapons from Western sources that can kill the enemy with press of a button will never become a reality. War fighting is a messy business, a general living in dream-world should opt out.
    @SajeevJino, what will happen by waiting till December? Nothing.

    India's own technology base is only lower or best compatible with Russia's. India is nowhere close to Western technology base. India gains a lot by collaborating with Russia. There is no magic wand by which India's technology base will suddenly jump to Western Europe's level.
     
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  7. pmaitra

    pmaitra Moderator Moderator

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    I don't care who has what technology. All I care about is what India can get from whom.
     
  8. prohumanity

    prohumanity Regular Member

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    Great news ! India should absolutely join trade with Customs Union. I am happy to hear that Sushmaji agreed to this. India should trade with Russia, Customs Union, China, Burma, Vietman. Sri Lanka ,Bangla desh and all other neigbors except Pakistan. Trade with Paki only if it gives up its policy of using terrorism as a weapon. Paki might learn as it is failing fast. Its downfall can bring some sanity in the heads of its rulers.
     
  9. pmaitra

    pmaitra Moderator Moderator

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    India needs to stop importing oil from the Saudi tyrants. They are the root cause of the financing of Wahhabi terrorism. The Pakistanis are just deluded foot soldiers, aka cannon fodder, aka target practice for our troops.
     
  10. sorcerer

    sorcerer Senior Member Senior Member

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    Empowering smaller nations and smaller economy will swing the economy in Asias's favor. Since we are all next door and neighbours, it will be good business which will bring lots of stability in the region and understanding between nations ,countering the western divide and rule strategy.
     
  11. Zebra

    Zebra Senior Member Senior Member

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  12. Ray

    Ray The Chairman Defence Professionals Moderator

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    India has been eyeing the Central Asian Republics for long, both for trade and strategic reasons.

    Therefore, the proposal should be looked at favourably.
     
  13. Zebra

    Zebra Senior Member Senior Member

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    For MS-21 planes, Sukhoi Superjet-100 and helicopters let some Indian private sector company make JVs.
     
  14. Srinivas_K

    Srinivas_K Senior Member Senior Member

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    A Land mark agreement and a path way to Central Asia for India :thumb:


     
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  15. cobra commando

    cobra commando Tharki regiment Veteran Member Senior Member

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    Bhai, plis to aalso make a long-range supersonic bomber with mother Russia, no ! y u no do dis ? :why:
     
  16. AVERAGE INDIAN

    AVERAGE INDIAN EXORCIST Senior Member

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    i think i missed a guy from Ukraine and one from Finland :p
     
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