India targets $10-bn trade with Russia by 2010

The bilatral trade between India and Russia was around $5.3 billion in 2008 and the target is to reach $10 billion by 2010.
"Russia and India can cooperate in the potential sectors of energy, space exploration, IT, pharmaceuticals, metallurgical industry," said Vladimir V Lazarev. consul general of Russian Federation at a session organised by the Merchants' Chamber of Commerce on Saturday.
"During the official visit of the president of the Russian Federation, Dmitry Medvedev, to India in December last year, a package of agreements on cooperation in the nuclear energy, space research, military technical cooperation and combating drugs trafficking were signed in the presence of Indian prime minister Manmohan Singh," he said.
Tourism is another sector for cooperation and a joint work programme for 2009-10 on implementing the inter-governmental agreement on cooperation in the tourism sector was also signed during this visit.