Indo-Russia trade, N-liability talks today

Update: 2012-10-15 23:41 GMT
Ahead of Russian President Vladimir Putin's visit here, India and Russia are set to address some contentious issues like differences over civil nuclear liability, and discuss ways to intensify trade when Russia's Deputy Prime Minister Dmitry Rogozin holds talks here next week.

Rogozin and External Affairs Minister S.M. Krishna Monday will co-chair the 18th session of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation [IRIGC-TEC].

The talks will firm up the agenda for the annual summit talks between Prime Minister Manmohan Singh and President Putin on 1 Nov.

Rogozin will also call on Prime Minister Manmohan Singh and co-chair the India-Russia Forum on Trade and Investments with Commerce and Industry Minister Anand Sharma.

Bilateral trade increased to $8.8 billion last year. The two sides are looking to scale up trade exchanges to $20 billion by 2015.

During the talks, the two sides are expected to discuss issues relating to application of India's civil nuclear liability law to Units III and IV of the Kudankulam Nuclear Power Plant.

The talks between Krishna and Rogozin will also explore finding a mutually acceptable deal on the units III and IV of the KNPP, which have been bogged down in divergent perceptions over India's civil nuclear liability law.

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