In a significant development affirming the enduring partnership between India and Russia, crucial agreements were signed on Tuesday, marking a major stride in the construction of future power-generating units at the Kudankulam nuclear power plant.
Background of Kudankulam Nuclear Power Plant
The Kudankulam nuclear power plant, India’s largest, has been under construction in Tamil Nadu since March 2002 with technical assistance from Russia. The initial phase became operational in February 2016, operating at its designed capacity of 1,000 MW. Plans project the plant to reach full capacity by 2027.
Key Agreements and Announcement by S. Jaishankar
External Affairs Minister S. Jaishankar, currently on a five-day visit to Russia, announced the signing of “very important” agreements related to the future units of the Kudankulam nuclear project. This announcement came after a comprehensive meeting with Deputy Prime Minister Denis Manturov, focusing on bilateral economic cooperation.
Progress Across Various Domains
During the meeting, Minister Jaishankar highlighted substantial progress in trade, finance, connectivity, energy, civil aviation, and nuclear cooperation. Emphasizing the need for balance and sustainability, he expressed optimism about exploring new opportunities in different dimensions.
India-Russia Relations: A Special Partnership
In his address to the Indian diaspora, Minister Jaishankar described Russia as a “special partner” in defense, nuclear power, and space. Collaborations in these critical areas are rooted in a high degree of trust, fostering a robust and enduring relationship.
Future Negotiations and Economic Collaboration
Jaishankar shared that negotiating teams from both nations would meet by the end of January to commence in-person discussions on a free trade agreement between India and the Eurasian Economic Zone. This reflects the commitment to fostering economic collaboration for mutual benefit.
Outlook on India’s Economic Growth and Global Impact
Minister Jaishankar expressed confidence in India’s trajectory, citing a transformation from the 10th to the 5th largest economy in the past decade. He anticipates further growth, envisioning India becoming the 3rd largest economy and beyond in the coming years.
Important Questions Related To Exams
Q: What agreements were signed between India and Russia during S. Jaishankar’s visit?
A: Agreements related to the construction of future power units at the Kudankulam nuclear power plant.
Q: When did the construction of the Kudankulam nuclear power plant begin?
A: Construction commenced in March 2002.
Q: At what capacity has the first power unit of the Kudankulam NPP been operating since February 2016?
A: It has been operating at its design capacity of 1,000 MW.
Q: What economic transformation did S. Jaishankar highlight during his address?