Modi, Putin vow to boost cooperation in oil, natural gas sector | business-news | Hindustan Times
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Modi, Putin vow to boost cooperation in oil, natural gas sector

External affairs ministry spokesperson Raveesh Kumar said Narendra Modi and Vladimir Putin discussed how both the countries should work together to promote trade, investment and culture.

business Updated: Sep 04, 2017 13:43 IST
Russian President Vladimir Putin with Prime Minister Narendra Modi at BRICS Summit in Xiamen, China, on Monday.
Russian President Vladimir Putin with Prime Minister Narendra Modi at BRICS Summit in Xiamen, China, on Monday. (AP Photo)

Prime Minister Narendra Modi held talks with Russian President Vladimir Putin on Monday and discussed ways for boosting bilateral trade and investment, especially in the oil and natural gas sector.

The two leaders met in this southeastern Chinese city on the sidelines of the BRICS Summit.

“The two sides basically touched upon several aspects of the bilateral relationship. President Putin recalled prime minister’s visit to Russia earlier this year. And, he thanked the prime minister for high-level participation from India at the Eastern Economic Forum,” external affairs ministry spokesperson Raveesh Kumar said in Xiamen.

Kumar said several bilateral issues such as cooperation in the oil and natural gas sector were discussed during the Modi-Putin meeting.

Kumar said the two leaders also discussed how they should work together to promote trade and investment.

During the meeting, the two leaders also discussed cultural exchanges.

“President Putin mentioned about the ‘Festival of India’, which was organised in Russia earlier this year. Discussions also took place on the promotion of tourism between the two countries and also on the student exchange between the two sides,” Kumar said.