India, Russia talk on Sistema fallout | delhi | Hindustan Times
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India, Russia talk on Sistema fallout

delhi Updated: Mar 30, 2012 00:10 IST
HT Correspondent

India and Russia on Thursday agreed to address fallout of the Supreme Court canceling the licence of Sistema Shyam Teleservices Ltd (SSTL) within the “framework of law.”

Prime Minister Manmohan Singh assured Russian president Dmitry Medvedev that India continues to welcome foreign investment and the atmosphere remains to be conducive for it.

President Medvedev had taken up the issue of licence cancellation with Singh during their bilateral meetings after the BRICS summit.

The SC in its order on February 2 had cancelled 122 mobile licences, including 21 of SSTL, awarded in 2008 under the then telecom minister A Raja, terming them illegal.

“Both the leaders have agreed that the issue can be resolved within the framework of the law,” official sources said. Singh also updated Medvedev about the Kudankulam nuclear power project where reactors 1 and 2 are to be operationalised soon.

Talks with Beijing

In another bilateral meeting, India and China decided to have a dialogue on central and west Asia and Africa, besides reviewing the border talks and trade ties. In the meeting between President Hu Jintao and PM Singh that lasted over an hour, the two leaders said India-China ties are one of the most important relations of the 21st century. President Hu said China would facilitate more Indian exports to address the trade imbalance. Prime Minister Singh welcomed greater Chinese investments in manufacturing and infrastructure sectors in India. Both sides also decided to celebrate 2012 as India-China year of friendship and cooperation and promote people to people contacts.

While noting the ongoing mechanism of special representative talks to address the boundary question, both leaders emphasised the need to have peace and tranquility on the border.