World

Modi-Putin joint statement: India to set up pharma factory in Russia, jointly produce fertiliser

December 5, 2025

During a joint press briefing in New Delhi, Prime Minister Narendra Modi and President Vladimir Putin announced significant advancements in India-Russia relations, including the establishment of a pharmaceutical factory in Russia and plans for increased economic cooperation. Both leaders set a target to boost bilateral trade from approximately $64 billion to $100 billion by 2030, alongside efforts to finalize a Free Trade Agreement with the Eurasian Economic Union.

Prime Minister Narendra Modi meets Russian President Vladimir Putin at Rashtrapati Bhavan, New Delhi, India, on December 5, 2025. (

Credit: ANI)

Key Highlights

India will set up a pharmaceutical factory in Russia's Kaluga region.
Bilateral trade between India and Russia grew by 12%, reaching approximately $64 billion.
A target of $100 billion in trade by 2030 has been set by both countries.
Efforts are underway to conclude a Free Trade Agreement with the Eurasian Economic Union.
Putin launched the Russian TV channel RT in India during the press briefing.

World Nation

Sources

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Modi-Putin joint statement: India to set up pharma factory in Russia, jointly produce fertiliser

Key Highlights

Sources

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