Tet
02-02-07, 07:04 AM
RUSSIAN president Vladimir Putin said on Thursday his government is favourably disposed towards financing of investments by Russian companies in India by utilising the money under the rupeerouble debt agreement.
Detailed discussions in this context would open new vistas of cooperation by using the funds available under the agreement, Mr Putin told CEOs from India and Russia at an interactive session organised by CII, Ficci and Assocham.
Mr Putin said there were promising prospects for cooperation between the two countries for enhancing India's nuclear plant capacity and expressed interest in expanding cooperation in oil exploration, production and supply.
As against the current 20% growth in bilateral trade, the Russian president said Russia-India trade would have to grow by 30% if the $10-billion two-way trade between the two countries was to be achieved by 2010.
Mr Putin was of the view that the Indian government needs to relook the issue of illegal migrants. The Russian president pointed out that Russia had signed an agreement last year with the European Union to liberalise the visa regime, while also signing an agreement for readmission of illegal migrants or those who overstay their visa limits.
He asked the Indian industry to put pressure on the government to sign a similar agreement. He was reacting to concerns raised by the Indian CEOs about difficulties faced in obtaining visas to Russia and the suggestion that multiple-entry visas be facilitated.
Reacting to a question raised by an Indian diamond industry representative about allowing direct imports of Russian diamonds instead of being routed through Israel and Belgium , Mr Putin said the Russian government passed a law early this month allowing Alrosa, the Russian mining consortium, to export rough diamonds to parties other than De Beers as has been the case so far.
Pointing out that efforts to increase the volume of trade were deterred by high transportation cost, Mr Putin said these could be sorted out through mutual discussions. He added that the Russian government was studying the possibility of increasing capacities at its ports.
http://economictimes.indiatimes.com/articleshow/1478676.cms
Wow, taking on Wall Street and London is one thing, but taking on De Beers that would be quite an accomplishment. So if the De Beers cut is taken out of the diamond business, does the price go down 30% or 50%? Now if my d0llar buys me more diamond, is that a stronger d0llar or a weaker d0llar.
Detailed discussions in this context would open new vistas of cooperation by using the funds available under the agreement, Mr Putin told CEOs from India and Russia at an interactive session organised by CII, Ficci and Assocham.
Mr Putin said there were promising prospects for cooperation between the two countries for enhancing India's nuclear plant capacity and expressed interest in expanding cooperation in oil exploration, production and supply.
As against the current 20% growth in bilateral trade, the Russian president said Russia-India trade would have to grow by 30% if the $10-billion two-way trade between the two countries was to be achieved by 2010.
Mr Putin was of the view that the Indian government needs to relook the issue of illegal migrants. The Russian president pointed out that Russia had signed an agreement last year with the European Union to liberalise the visa regime, while also signing an agreement for readmission of illegal migrants or those who overstay their visa limits.
He asked the Indian industry to put pressure on the government to sign a similar agreement. He was reacting to concerns raised by the Indian CEOs about difficulties faced in obtaining visas to Russia and the suggestion that multiple-entry visas be facilitated.
Reacting to a question raised by an Indian diamond industry representative about allowing direct imports of Russian diamonds instead of being routed through Israel and Belgium , Mr Putin said the Russian government passed a law early this month allowing Alrosa, the Russian mining consortium, to export rough diamonds to parties other than De Beers as has been the case so far.
Pointing out that efforts to increase the volume of trade were deterred by high transportation cost, Mr Putin said these could be sorted out through mutual discussions. He added that the Russian government was studying the possibility of increasing capacities at its ports.
http://economictimes.indiatimes.com/articleshow/1478676.cms
Wow, taking on Wall Street and London is one thing, but taking on De Beers that would be quite an accomplishment. So if the De Beers cut is taken out of the diamond business, does the price go down 30% or 50%? Now if my d0llar buys me more diamond, is that a stronger d0llar or a weaker d0llar.