Russian President Putin says, India 'privileged strategic partner'

Indian Prime Minister Narendra Modi left and Russian President Vladimir Putin prepare to shake hands prior to thei

The deal will be signed on Saturday, following talks between Russian President Vladimir Putin and Prime Minister Narendra Modi on the sidelines of the BRICS Summit in Goa.

12 October 2016 The value proposition of 33 South African companies would be promoted to businesspeople and investors from the BRICS (Brazil, Russia, India, China and South Africa) bloc ahead of the annual summit of leaders from the respective countries, said the Department of Trade and Industry (dti).

Another major point of conflict between the two Asian neighbours is the Chinese blockade of the move to prevent Jaish-e-Mohammad (JeM) chief Masood Azhar from being declared a global terrorist by the United Nations.

China had earlier this week said that it was "ready" for talks with India on the latter's entry into the NSG. Experts in China have also denounced plans by India to try and seal its border with Pakistan on the grounds that, even if it were technically possible, the damage it would do to trade and diplomacy would be long-lasting and perhaps irreversible. Heads of Bangladesh, Sri Lanka, Nepal, Thailand and Bhutan will be participating in the event.After the collapse of the recent SAARC summit, the BRICS summit and BIMSTEC event have assumed greater significance.

They would debate "global growth prospects, the role of BRICS in leading this global growth and our contributions to it", said Indian foreign ministry official Amar Sinha.

"For our five countries' leaders this meeting will be a good opportunity to harmonise our positions on key issues on the worldwide agenda".

An environmental cooperation commitment will see the five nations aim to work together on air quality, water management and climate change.

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He said the upcoming summit in mid-October will further strengthen the intra-BRICS economic cooperation and the collective efforts undertaken by the member countries to advance global economic stability and prosperity in the world. Find us on Facebook too!

"India is reaching high levels of economic growth".

Many have challenged the continuing existence of Brics, considering a range of issues affecting each of the member countries.

China has geopolitical interest in Pakistan and its desperate dependence on the India market for its exports.

The S-400 is Russia's most modern air-defence system and has been deployed in Syria, where Moscow is conducting a bombing campaign in support of long-time ally Syrian President Bashar al-Assad. Therefore it is trying to maintain a balance between both countries.

Meanwhile, being the most powerful among the BRICS members, China is externally perceived as the leader of the club.