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Home » India–Russia Summit: Modi, Putin Push Faster Trade Corridors, Eye $100B Target

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India–Russia Summit: Modi, Putin Push Faster Trade Corridors, Eye $100B Target

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Last updated: December 5, 2025 5:38 pm
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India-Russia Summit
India–Russia 2030 Roadmap: Leaders Boost Trade, Connectivity and Tech Ties : Image @NarendraModi X
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New Delhi, Dec. 5, 2025: India-Russia Summit : Day two of Russian President Vladimir Putin’s visit to India delivered a strong push to the India–Russia partnership, with Prime Minister Narendra Modi signaling faster progress on trade corridors, economic integration and next-generation cooperation across defence, energy and technology.

Prime Minister Modi used multiple engagements, including the India–Russia Business Forum and the leaders’ summit, to press for accelerated work on strategic connectivity routes such as the International North–South Transport Corridor and the Chennai–Vladivostok maritime link. He said these corridors would sharply cut transit time, reduce logistics costs and expand market access for businesses in both countries.

India–Russia 2030 Roadmap: Leaders Boost Trade, Connectivity and Tech Ties

India-Russia Summit 2025
India–Russia Summit: Modi, Putin Push Faster Trade Corridors, Eye $100B Target : Image @NarendraModi X

Prime Minister Narendra Modi also urged both sides to digitally link customs, logistics and regulatory systems to create seamless “virtual trade corridors” that can speed up clearances and modernise cross-border commerce. He said these steps represent not just administrative reform but a shift in governance mindset, focused on building a developed and globally competitive India.

My remarks during meeting with President Putin. https://t.co/VCcSpgZmWx

— Narendra Modi (@narendramodi) December 5, 2025

At the business forum, the prime minister highlighted India’s decision to open the defence and space sectors to private players, adding that civil-nuclear cooperation will be the next frontier. He pointed to upcoming next-generation GST reforms, compliance reductions and the ongoing removal of tariff and non-tariff barriers as measures designed to strengthen investor confidence.

Both leaders projected ambitious targets for economic ties. Modi said India and Russia could reach the USD 100-billion trade mark well before 2030, while Putin noted that bilateral trade had already surged to USD 64 billion and grown 80% over the past three years. The Russian president reaffirmed uninterrupted fuel supplies to India and expressed interest in cooperation on small modular reactors and floating nuclear plants.

President Putin praised India’s “independent, sovereign” policy under Modi and said Russia was ready to increase purchases from India across a wider range of goods and services. He credited the Make in India initiative for enhancing India’s technological self-reliance and highlighted India’s rapid economic rise as “almost a miracle.”

Modi confirmed that negotiations on a Free Trade Agreement with the Eurasian Economic Union are underway and stressed that trust remains the strongest pillar of the bilateral relationship. Both sides witnessed the exchange of agreements and formally adopted the 2030 Strategic Cooperation Roadmap, covering health, mobility, trade diversification and people-to-people exchange.

On the geopolitical front, Modi reiterated that India remains “on the side of peace” on the Ukraine conflict and continues to advocate diplomacy and dialogue. Putin briefed him on Russia’s latest proposals for a settlement.

Earlier in the day, during the India-Russia Summit Putin paid floral tributes to Mahatma Gandhi at Rajghat before heading to Hyderabad House for talks. India also announced a free 30-day e-visa window for Russian tourists, aimed at boosting travel and cultural exchange.

As the India-Russia Summit day concluded, the two leaders projected a renewed sense of momentum, signalling that the eight-decade-old partnership is entering a phase of faster economic integration, deeper strategic cooperation and broader technological engagement.

TAGGED:Bilateral TradeChennai Vladivostok LinkCivil Nuclear CooperationDefence CooperationEnergy SecurityEurasian Economic UnionGeopoliticsGST reformsIndia Russia RelationsIndia–Russia SummitInternational North–South Transport CorridorMake in IndiaNarendra ModiTrade CorridorsUkraine ConflictVladimir Putin
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