It is essential that there is an enabling ecosystem for investors to invest in the states, where it is free of the Inspector Raj: PM
Healthy competition among states would enhance the competitiveness of our industries on the global platform: PM
Today India stands out as a Business Friendly Destination: PM Modi

Governor of Himachal Pradesh Shri Bandaru Dattatreya ji, Chief Minister Jairam Thakur ji, Sikkim Chief Minister Prem Singh Tamang ji, my Cabinet Colleague Prahlad Patel ji, Anurag Thakur ji, Vice Chairman of NITI Aayog Dr. Rajeev Kumar ji, Ambassador of UAE to India Dr. Ahmed Albana, prominent businessmen, other dignitaries present here and my dear friends!

Global Investors Summit has been organized in Dharamshala!!! It is not an imagination, it is a reality! It is unprecedented! it is amazing! Congratulations to you. It is a sort of statement from Himachal Pradesh to the whole country and to the whole world that- 'We too are now gearing up'!

Today Himachal is saying- Yes, We Have Arrived!!! So first of all, I congratulate the Government of Himachal Pradesh, Jairam ji and his team for organizing this event with the blessings of Maa Jwala ji.

Friends,

Today we have all gathered together in a place every corner of which is the abode of power. Gods and goddesses, Rishis and ascetics have made it a divine place and have blessed with natural resources. I am delighted to welcome all the Wealth Creators in this environment.

Brothers and sisters,

Earlier these types of Investors' Summits used to take place in a few states of the country. There are many such people who have seen the conditions before. But now the situation is changing and one such evidence is that the summit has been organized here in Himachal. Now to attract businesses and investment in the states, a new competition has started.

Friends,

A few decades ago the situation in our country was such that the states would compete in terms of which state would do more charitable work, which would provide more incentives, or provide tax concessions, which would provide electricity, or sell land at a cheap rate. The experience shows that such a competition did not produce expected results. Investors too used to wait for incentives and concessions from the states. Hence, they used to delay their investments in states. They thought why to take 5 per cent discount when there is a possibility of getting a discount of up to 10 per cent, or even 15 per cent?

But friends,

I am glad that in the last few years, this situation has changed drastically. Now the state governments are realizing that the competition of concessions is good neither for the state nor for industries.

Friends, it is necessary for the investor to get an appropriate eco-system, to get rid of the inspector raj, and to not fall prey to the government's permit raj at every step. Now governments are coming forward in the competition to build this eco-system. They are simplifying the system, changing the laws and eliminating the unnecessary rules. The more this competition increases among the states, the more capable our industries will become on the global platform. Their ability to compete with other industries will also increase. It will benefit the states, the people of the states, the people of the country and India will move at a faster pace.

Friends,

The industry also likes a transparent and clean system. Due to some avoidable rules and regulations and too much interference by the government, the pace of growth of industries is hindered. I am glad that keeping this idea in mind, the Government of Himachal Pradesh is taking important decisions, giving new incentives and is working in the right direction. Be it the system of single window clearance, transparent Land Allotment or sector-specific industry policy - these measures have turned the 'friendly environment' of this place to a business-friendly environment.

Friends,

Big stalwarts of the industry are present here. All of you and other industrialist friends also understand well that when different units of a company produce good results, then the result of the company also improves automatically. So when something improves in the states, it has a direct impact on the results of the country. Due to the changes being brought in many states like Himachal Pradesh, today India has been recognized as a better business-friendly destination than ever before.

Friends,

Today, the growth vehicle in India is running on 4 Wheels with new thinking and a new approach. One Wheel is Society, which is aspiring. The second Wheel is Government, which is Encouraging for New India. The third Wheel is that of Industry, which is daring and the fourth Wheel is of Knowledge, which is sharing. Thus, on these 4 Wheel we are moving at a fast pace.

Today the government is taking every decision according to the interest of India and the aspirations of the society of India. Today, the government is not only focusing on the poor's home, health, skills, but also on investment and self-employment.

 

Today, the focus is on service delivery, as much as it is on improving the business environment. The result is in front of you. Between 2014 and 2019, India has improved the Ease of Doing Business Ranking by 79 ranks. This time too we are one of the top 10 performers in the world. Every year we are rapidly improving a new parameter. Last year we have been able to improve 6 out of 10 Indicators. This time India has made a major leap in the category of insolvency. We have improved more than 50 ranks in the category.

Friends,

Improving these rankings is not just a change in statistics. Improving these rankings means that our government is working at ground level understanding the needs at ground level, and making decisions and policies. Those who are sitting here know how earlier one had to wait months for each permission; how many processes one had to go through.

Friends,

This is not just an improvement in rankings, but a revolution in the way of doing business in India and in this revolution we are adding new dimensions and making new reforms. In today's global scenario, Indian is standing strong because we have not allowed the fundamentals of our economy to weaken.

We have steadily maintained our commitment to macro-economics and have strictly followed the Fiscal Discipline. Today, when global economic activity is down by 3 per cent, India is growing at over 5 per cent. As per the current reports, India is expected to grow more rapidly in the coming months.

Friends,

Our intentions are honest and sensitive. There is strength in our decisions and intentions. No one could have imagined that GST would ever be implemented in India. But we have shown this by implementing it. In the event of bankruptcy, the companies of the country did not have any clear exit route.

Today Insolvency and Bankruptcy Code - IBC is not only a reality but is also helping in the recirculation of the trapped amount of millions of rupees. Banking Reform has also been stuck for years. Our government is going ahead in this direction at a faster pace with complete determination. Keeping in mind the middle class of the country, last evening we took a major decision in the Cabinet. With this decision, more than four and a half lakh families will be able to fulfil their years-old desire of a dream home now. With the same intention, we have set a target of turning the nation into a $ 5 trillion economy.

Our government is emphasizing on the de-bottlenecking of government processes, increasing the Inter Department Co-ordination and taking decisions within the time limit.

Our effort is to make the Tax Regime competitive and transparent. A major historic decision related to Corporate Tax has been taken in the same context. Today India is one of the lowest corporate tax systems in the world. All the new domestic companies that have come up after October 1 this year, the corporate tax has been reduced to just 15 per cent for them.

Friends,

The E-Assessment Scheme has been implemented last month itself. Now the Human Interface is being reduced to a minimum in the tax system. It will bring more Transparency and the tax related matters will be dealt with faster.

Friends,

The goal of a $ 5 trillion economy is not just of the government. This goal will be achieved only with the cooperation of every state of the country. We have many possibilities in every state. There are many possibilities and immense potential in every district of the state. The greater the advantage of this potential is taken by the governments, industry, our small scale industries and service sector, the faster we will be able to move forward.

Brothers and sisters,

When potential is supported by policy, then performance improves manifold. It is the performance that brings progress. The progress of the districts, states, and the country is inter-connected. Let me give you another example. The example includes both international ranking and potential. And it is very important for Himachal. The ranking provided to Himachal Pradesh in the tourism sector will directly benefit Himachal Pradesh.

Friends,

In 2013, India was ranked 65 in the World Economic Forum's Travel and Tourism Competitiveness Index. Today we are at number 34. How did this change happen? Five years ago, India used to receive around 70-75 lakh foreign tourists annually. Last year, this figure had crossed 1 crore foreign tourists. How did this increase happen?

Friends,

In 2014, people of India earned Rs 1 lakh 20 thousand crore in foreign exchange from the tourism sector. Last year, this foreign exchange increased to almost Rs 2 lakh crore. How did this change happen?

Friends,

We understood the potential of the tourism sector, and made policy interventions in the travel and tourism sector, facilitated e-Visa to dozens of new countries, and as a result, the performance changed, the ranking changed.

Friends,

Today tourism in India is being promoted as a package. Every type of tourism like nature, adventure, spiritual, medical, eco- tourism, is being emphasized. And Himachal is full of possibilities in this regard. Such a good event has been organized here today. Therefore, we are looking at the possibilities of conference tourism as well. If we understand this potential, progress will not be far away.

Friends,

The coffee table book that has been released here or the film which has been shown, elaborates the potential of Himachal. I remember when I used to go to Solan, I would come across several boards saying - Welcome to Mushroom City. Likewise the potatoes of Lahaul-Spiti, Kullu's shawls, and the paintings of Kangra are also famous. But often people who come from outside would not know. There is also a need to think of new ways on how to promote these things that give an identity to each district. Therefore, I would also say that the potential of Himachal is still untapped.

Now imagine, Himachal has IIT, IIIT, NIT, CIPET, and the work is underway on IIFT. There is a potential of technology expansion here. There is a demand for fruits like apples, pears, plums as well as vegetables like tomatoes, guchhi, mushrooms, capsicum and hence there is tremendous potential in food, food processing, farming and pharma sectors.

Friends,

Organic farming has been popular here for years. There is hardly any pharma company in the country that does not manufacture medicines in Himachal. There is a lot of potential for the expansion of this sector too.

Yes, I believe that in the midst of these immense possibilities, a gap was first felt in Himachal. This was a gap of quality infrastructure and simplification of government processes. The Central Government has tried its best to fill this gap with the support of the State Government. Since the time this opportunity has been given to Jairam ji's team here, the process has become faster.

Today in Himachal, many infrastructure and connectivity related projects are moving ahead fast. Work is going on at a rapid pace at every level, be it Hydropower, or other sources of Renewable Energy or Road, Rail or Air connectivity. I am told that Himachal Pradesh has started heli-taxi service under UDAN scheme. Shimla, Dharamshala, Kullu, Chandigarh have been connected to this facility.

Besides this, the National Highways are also being expanded with an investment of thousands of crores of rupees. Lahaul-Spiti and Ladakh will be benefitted from Rohtang Tunnel. The Nangal Dam-Talwada Rail line, Chandigarh-Baddi rail line, Una-Hamirpur rail line and Bhanupali-Bilaspur-Beri rail line will give a new dimension to the connectivity of the entire region. In the next few years, Himachal Pradesh would also get the benefits of investment of Rs. 100 lakh crores on the country's infrastructure in the next few years.

Friends,

Today Himachal is truly ready to give new dimension to the growth story of India and I have my own understanding of Himachal behind this belief. Himachal fulfills every necessary condition for business. Peace is needed for business. It has always been the strength of Himachal. The society which accepts diversity has always been present in Himachal. Geographical and linguistic diversity is amazing here. Often people here don't understand each other's dialect, but the connection with each other is amazing.

Besides this, Himachal is among those states of the country where Literacy Rate is high. You will see people engaged in business in every corner of Himachal Pradesh. They do not wait for the government. They start with whatever resources they have. There is a natural entrepreneurial spirit within the people, which benefits the investors.

Moreover, Himachal Pradesh is a great strength for the country's defence sector. There is no family here which is not attached to the military force. And secondly, as I have a great experience here I can tell you that if you go to a village in Himachal, you will find a small India there. We have a big skill-set here in Himachal in the form of the experience of the retired Army personnel. This man-power can be very useful for many sectors and especially for the defence sector.

Friends,

Himachal's community, its potential, your capital, and clarity in policy will become a medium of great change. And when you give more and more opportunities to the youth here, and use their talent, then these benefits will increase manifold.

In the end, I thank you all once again for taking part in this summit and I am not a guest here today, I am also sort of a Himachali. And that's why you have come here to me. You are all my guests and I assure you that if you try your luck in the land of Himachal, then Himachal will continue to bless you and you will continue to thrive, and progress a lot. Himachal will grow, India will grow and you all will also grow. With this same belief, my best wishes to all of you. Many congratulations and many thanks to the government for this magnificent event!

Thank You!

Thank you very much!

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Joint Statement following the 23rd India - Russia Annual Summit
December 05, 2025

INDIA - RUSSIA: A Time-Tested Progressive Partnership, Anchored in Trust & Mutual Respect

At the invitation of the Prime Minister of India Shri Narendra Modi, the President of the Russian Federation, H.E. Mr. Vladimir Putin, paid a State visit to India on December 04-05, 2025 for the 23rd India-Russia Annual Summit.

The Leaders reaffirmed their support for further strengthening of the Special and Privileged Strategic Partnership between India and Russia. This year marks the 25th anniversary of the Declaration on Strategic Partnership between India and Russia, established during the first State Visit of H.E. President Vladimir Putin to India in October 2000.

The Leaders emphasized the special nature of this long standing and time-tested relationship, which is characterised by mutual trust, respect for each other’s core national interests and strategic convergence. They underscored that, as major powers with shared responsibilities, this important relationship continues to be an anchor of global peace and stability that should be ensured upon the basis of equal and indivisible security.

The Leaders positively assessed the multi-faceted mutually beneficial India-Russia relations that span all areas of cooperation, including political and strategic, military and security, trade and investment, energy, science and technology, nuclear, space, cultural, education and humanitarian cooperation. It was noted with satisfaction that both Sides are actively exploring new avenues for cooperation while further strengthening cooperation in the traditional areas.

The Leaders underlined that India-Russia ties have remained resilient in the backdrop of the prevailing complex, challenging and uncertain geopolitical situation. Both Sides have strived to forge a contemporary, balanced, mutually beneficial, sustainable and long-term partnership. Development of India-Russia relations across the entire spectrum is a shared foreign policy priority. The Leaders agreed to make all efforts to unlock the full potential of the strategic partnership.

The Leaders welcomed the opening of two Consulates General of India in Yekaterinburg and Kazan, and looked forward to their early operationalisation to further strengthen inter-regional cooperation, trade and economic relations and people to people ties.

The Leaders noted with satisfaction the continued intensification of contacts at all levels since the last Summit, including meetings between them on the sidelines of the 16th BRICS Summit in Kazan and the 25th SCO Summit in Tianjin; holding of the 26th Session of the India-Russia Intergovernmental Commission (IRIGC) on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC) co-chaired by the External Affairs Minister of India and the First Deputy Prime Minister of Russia and the 22nd Session of the IRIGC on Military & Military-Technical Cooperation (IRIGC-M&MTC) co-chaired by the Defence Ministers of the two countries; visits of Lok Sabha Speaker, External Affairs Minister, Raksha Mantri, Minister of Railways, Information Technology, and Information & Broadcasting, Ministers of State of Home Affairs, Defence, Youth Affairs & Sports, Textiles and Vice Chairman NITI Aayog from the Indian side; visits of Russia’s Chairman of the State Duma, First Deputy Prime Minister, Deputy Prime Minister, Minister of Energy, Minister of Culture; and holding of strategic dialogue at the level of National Security Advisors, Foreign Office Consultations, consultations on UN issues, meeting of the Joint Working Group on Counter Terrorism, etc.

Trade and Economic partnership

The Leaders reaffirmed their shared ambition to expand bilateral trade in a balanced and sustainable manner, including by increasing India’s exports to Russia, strengthening industrial cooperation, forging new technological and investment partnerships, especially in advanced high-technology areas and finding new avenues and forms of cooperation.

The Leaders welcomed the adoption of the Programme for the Development of Strategic Areas of India - Russia Economic Cooperation till 2030 (Programme 2030).

The Leaders appreciated the ongoing intensification of the joint work on a Free Trade Agreement on goods between India and the Eurasian Economic Union covering sectors of mutual interest. They also directed both Sides to intensify efforts in negotiations on a mutually beneficial agreement on the promotion and protection of investments.

The Leaders welcomed the results of the 25th and 26th Sessions of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation (IRIGC-TEC) and the India-Russia Business Forum held in New Delhi (November 2024) and Moscow (August 2025) respectively.

The Sides underline the importance of an open, inclusive, transparent and non-discriminatory multilateral trade system with the World Trade Organization at its core. Both Sides emphasised that addressing tariff and non-tariff trade barriers, removing bottlenecks in logistics, promoting connectivity, ensuring smooth payment mechanisms, finding mutually acceptable solutions for issues of insurance and reinsurance and regular interaction between the businesses of the two countries are among the key elements for timely achievement of the revised bilateral trade target of USD 100 billion by 2030.

Russia and India have agreed to continue jointly developing systems of bilateral settlements through use of the national currencies in order to ensure the uninterrupted maintenance of bilateral trade. Additionally, the Sides have agreed to continue their consultations on enabling the interoperability of the national payment systems, financial messaging systems, as well as central bank digital currency platforms.

The Sides welcomed steps to ensure long-term supply of fertilizers to India and discussed the potential establishment of joint ventures in this area

The Sides welcomed the signing of agreements related to mobility of skilled workers.

The Russian Side welcomed the participation of Indian delegations in the Saint Petersburg International Economic Forum (June 2025) and the Eastern Economic Forum (September 2025). The two Sides noted the contribution of the India-Russia Business Dialogue organised on the sidelines of these economic forums for promotion of bilateral trade, economic and investment cooperation.

The Leaders noted the importance of productive and mutually beneficial bilateral trade in mineral resources, including energy sources, precious stones and metals, as well as critical raw materials for the reliability of the international supply chains. Efficient cooperation in this area, carried out by Russia and India as sovereign states, is a significant component of their national security and social wellbeing.

Energy partnership

The two Sides discussed and commended their wide ranging cooperation in the energy sector as a significant pillar of the Special and Privileged Strategic Partnership. The Sides noted the current and potential cooperation between Indian and Russian companies in fields such as oil and oil products, oil refining and petrochemical technologies, oilfield services and upstream technologies and related infrastructure, LNG and LPG related infrastructure, various existing projects in their countries, underground coal gasification (UCG) technology, nuclear projects, etc. They also noted the importance of expeditious resolution of issues related to investment projects in this area, and agreed to resolve the various concerns being faced by their investors in the energy sector.

Transport and Connectivity

The two Sides agreed to deepen cooperation in building stable and efficient transport corridors, with the focus on expanding logistics links for improving connectivity and enhancing infrastructure capacity to support the International North-South Transport Corridor (INSTC), the Chennai–Vladivostok (Eastern Maritime) Corridor, and the Northern Sea Route. They welcomed the signing of the MoU on the Training of Specialists for Ships Operating in Polar Waters.

The Sides noted the fruitful cooperation between the railways of Russia and India, aimed at establishing partnerships in the field of mutually beneficial technology exchange.

Cooperation in the Russian Far East and Arctic

The two Sides confirmed their readiness to intensify trade and investment cooperation in the Far East and the Arctic zone of the Russian Federation. The Program of India-Russia Cooperation in Trade, Economic and Investment Spheres in the Russian Far East for the period from 2024-2029 provides the necessary framework for further cooperation between India and the Russian Far East region, especially in the sectors of agriculture, energy, mining, manpower, diamonds, pharmaceuticals, maritime transport, etc.

Both Sides underscored the importance of holding regular bilateral consultations on Arctic related issues and welcomed the progress made in multi-faceted bilateral cooperation on the Northern Sea Route. The Russian Side appreciated the participation of the Indian delegation in the 6th International Arctic Forum held in Murmansk in March 2025. The Indian Side expressed its readiness to play an active role as an Observer in the Arctic Council.

Civil Nuclear Cooperation, Cooperation in Space

The Sides confirmed their intention to broaden cooperation in nuclear energy, including fuel cycle, life cycle support for operating Kudankulam Nuclear Power Plant (KKNPP) and non-power applications, as well as to elaborate new agenda of interaction in the field of peaceful use of atomic energy and related high technologies. The Sides noted the importance of the cooperation in the peaceful uses of nuclear energy as a significant component of the strategic partnership taking into account the plans of the Government of India to increase India’s nuclear energy capacity to 100 GW by 2047.

The Sides welcomed the progress achieved in implementation of KKNPP including the construction of the remaining NPP units and agreed on adhering to the timeline for supplies of equipment and fuel.

The Sides noted the importance of further discussion on the second site in India for NPP; the Indian Side will strive to finalize formal allotment of the second site in accordance with earlier signed agreements.

The Sides agreed to accelerate technical and commercial discussions on the VVER of the Russian design, research and joint development of NPPs, localization and joint manufacturing of nuclear equipment and fuel assemblies for Russian designed large capacity NPPs subject to terms and conditions as mutually agreeable.

Noting the importance of cooperation in Space, the two Sides welcomed the enhanced partnership between the Indian Space Research Organisation and the Russian State Space Corporation "Roscosmos” in the use of outer space for peaceful purposes, including in the human spaceflight programs, satellite navigation and planetary exploration. They noted the progress in mutually beneficial cooperation in rocket engine development, production and use.

Military and Military Technical Cooperation

Military and Military-Technical Cooperation has traditionally been a pillar of the Special and Privileged Strategic Partnership between India and Russia, which has grown from strength to strength through several decades of joint efforts and fruitful cooperation, steered by the IRIGC-M&MTC.

The Leaders welcomed the outcomes of the 22nd Session of the IRIGC- M&MTC held in New Delhi on December 4, 2025. Responding to India’s quest for self-reliance, the partnership is reorienting presently to joint research and development, co-development and co-production of advanced defence technology and systems.

The Leaders expressed satisfaction with regular military contacts, including the meeting of Defence Ministers in Qingdao in June 2025 on the sidelines of the SCO Member-States’ Defence Ministers’ Meeting. Both Sides appreciated the Joint Military Exercises INDRA of the Armed Forces and reaffirmed their commitment to maintain the momentum of joint military cooperation activities and expand military delegation exchanges.

Both Sides agreed to encourage joint manufacturing in India of spare parts, components, aggregates and other products for maintenance of Russian origin arms and defence equipment under Make-in-India program through transfer of technology and setting up of joint ventures for meeting the needs of the Indian Armed Forces as well as subsequent export to mutually friendly third countries.

Cooperation in Science & Technology

Both Sides called for ramping up government-to-government, academia and private sector collaboration to promote application of critical and emerging technologies.

Recognizing the strategic importance of critical minerals for emerging technologies and advanced manufacturing, the two Sides expressed interest in deepening cooperation in exploration, processing and recycling technologies of critical minerals and rare earths.

Emphasizing the importance of joint research in science, technology and innovation, the two Sides called for strengthening cooperation under the "Roadmap for Science, Technology & Innovation Cooperation”. They agreed to facilitate collaboration between government and private sector to harness opportunities for start-ups and SMEs of the two countries to address societal challenges through innovative technologies, including joint R&D and co-development of technologies. They confirmed their interest in further developing cooperation in the sphere of digital technologies, including those related to information protection, security of critical infrastructure and law enforcement. Both Sides agreed to design and implement soft support programs for start-ups to enable knowledge exchange, capacity building, and greater engagement of innovators and entrepreneurs.

Taking into account the existing rich experience of interaction between India and Russia in the field of science and higher education, the Sides expressed mutual interest in developing partner ties between educational and scientific organizations, including the implementation of various forms of academic mobility, educational programmes, scientific and research projects and the holding of specialized international exhibitions, conferences, seminars. Emphasizing the importance of joint research in science, technology and innovations, the Sides confirmed their readiness to expand cooperation within the framework of the Roadmap for Indian-Russian Cooperation in Science, Technology and Innovations.

Cultural cooperation, Tourism and people to people exchanges

The two Sides agreed that cultural interaction and people to people exchanges are an important component of the India-Russia Special and Privileged Strategic Partnership. They appreciated the participation in major international cultural forums, book fairs, festivals and art competitions organized in both countries and welcomed the holding on a parity basis, of Cultural Exchange Festivals in their countries, aimed at the fullest demonstration of Indian and Russian culture.

Both Sides supported the idea of expanding cooperation in the film industry, including development of joint film production and mutual participation in international film festivals held in India and Russia.

The two Sides appreciated the steady increase in tourist exchanges between Russia and India and welcomed simplification of visa formalities, including introduction of e-Visa by both countries. They agreed to continue the work on further simplification of the visa regime in future.

The two Sides noted with appreciation the enhanced exchanges and contacts between the experts, think-tanks and institutes of India and Russia. Over the years, this track of dialogue has promoted increased mutual understanding between Indian and Russian strategic and policy making circles and businesses so as to further strengthen the Strategic Partnership.

Recognizing the traditionally strong cooperation between India and Russia in the sphere of education, both Sides appreciated efforts to ensure well-being of students and agreed to continue their efforts in promoting educational linkages between universities and educational institutions.

Cooperation in the UN and multilateral fora

Both Sides noted the high level of political dialogue and cooperation between them on issues at the UN and agreed to deepen it further. They stressed the importance of reinvigorating multilateralism, with a central coordinating role played by the United Nations. They also underlined the primacy of respect for international law and emphasized their commitment to the purposes and the principles of the UN Charter.

Both Sides called for comprehensive reform of the UN Security Council to reflect contemporary global realities and to make it more representative, effective and efficient in dealing with issues of international peace and security. Russia reiterated its steadfast support for India’s permanent membership in a reformed and expanded UN Security Council.

The two Sides highlighted their cooperation within the G20 format and agreed to intensify it. They emphasized that the important practical legacy of India’s G20 Presidency in 2023 was the consolidation of the priorities of the countries of the Global South in the agenda of the main platform for international economic and financial cooperation, as well as the entry of the African Union into the ranks of full members of the forum. They welcomed the holding of the Voice of Global South virtual summits under the Indian presidency, which sent an important signal in favour of strengthening the position of developing countries in global affairs.

They emphasized that the G20 is the premier international economic forum that provides a platform for dialogue of both emerging and developed economies on an equal and mutually beneficial footing. They recognized the importance of the continued and productive functioning of the G20, based on consensus and focusing on its key mandate.

Both Sides stressed the importance of strengthening their BRICS partnership and further committed themselves to promote cooperation in the expanded BRICS under the three pillars of political and security, economic and financial, cultural and people-to-people cooperation. They reaffirmed their commitment to the BRICS spirit of mutual respect and understanding, sovereign equality, solidarity, democracy, openness, inclusiveness, collaboration and consensus. Russia pledged its full support for India's upcoming BRICS Chairship in 2026.

The Sides reiterated the importance of their joint work within the framework of the Shanghai Cooperation Organization (SCO) for further deepening Special and Privileged Strategic Partnership between Russia and India.

India commended the Russian side for the successful hosting of the SCO Council of Heads of Government Meeting in Moscow on 17-18 November 2025 under the Chairmanship of Hon’ble Prime Minister of the Russian Federation. The Russian side appreciated India’s initiative to establish SCO Civilizational Dialogue Forum, the inaugural session of which will be held in India in 2026.

The Sides noted SCO’s increasing role in the formation of representative, democratic, fair multipolar world order, based on universally recognized principles of international law, and cultural and civilizational diversity.

Both sides emphasized the importance of further strengthening SCO’s potential and cooperation in the fields of politics, security, economy, culture and humanitarian ties. In this context the two Sides stressed the necessity of promoting modernization of SCO, especially in the fields of countering terrorism, extremism, separatism, drug trafficking, cross-border organized crime, and information security threats. They will pay special attention to establishment of the Universal Center on Countering Security Challenges and Threats in Tashkent and Counter-Narcotics Center in Dushanbe.

The two Sides agreed to continue interaction within G20, BRICS and SCO on key issues such as efforts towards reformed multilateralism, reform of international economic governance institutions and Multilateral Development Banks, contributing to the achievement of the SDGs in its economic, social and environmental dimensions, stimulating economic growth, enhancing sustainability and developing resilience of international supply chains, including critical minerals, compliance with free and fair trade norms and climate change.

The two Sides intend to further strengthen cooperation within the UN Committee on the Peaceful Uses of Outer Space (UN COPUOS), including the issues of the long-term sustainability of outer space activities.

Both Sides reaffirmed their commitment to further strengthening global efforts for non-proliferation of weapons of mass destruction. Russia expressed its strong support for India’s membership of the Nuclear Suppliers Group. The two Sides urged all members of the international community to work towards enhancing the level of mutual trust in order to promote global peace and security. The Sides emphasized the non-proliferation nature of export controls and their intention to continue cooperation in this area with the aim of ensuring balance between security and commercial consideration, as well as peaceful uses of technology.

The Sides underlined the importance of strengthening cooperation within various regional fora, aimed at deepening regional peace and security, including the East Asia Summit, ASEAN Regional Forum, ASEAN Defence Ministers’ Meeting Plus.

The Parties the need for strict compliance with and consistent strengthening of the Convention on the Prohibition of the Development, Production and Stockpiling of Bacteriological (Biological) and Toxin Weapons and on their Destruction (BTWC), including through its institutionalization, as well as the adoption of a legally binding protocol with an effective verification mechanism. They oppose the establishment of any mechanisms that duplicate functions of the BTWC.

The Sides the urgent need to start negotiations on a legally binding instrument on prevention of an arms race in outer space with the prohibition of the placement of weapons in outer space and the threat or use of force in outer space, from outer space or against outer space. The Sides note that the basis for such a document could be the draft of the Treaty on the Prevention of the Placement of Weapons in Outer Space and of the Threat or Use of Force Against Outer Space Objects as well as the report of the relevant Group of Governmental Experts, adopted in 2024.

The leaders, reaffirming their commitment to the principles reflected in international treaties that ensure the conservation of biological diversity and the protection of rare and endangered species, especially migratory bird species, that uniting our countries.

Both Sides welcomed the adoption of the Framework Agreement by the Russian side to join the International Big Cat Alliance (IBCA). The Indian Side looked forward to Russia’s early joining of the International Solar Alliance and the Coalition of Disaster Resilient Infrastructure (CDRI).

The Sides agreed to continue the development of joint approaches to addressing global economic challenges, mobilising increased access to climate finance and technologies for developing countries and economies in transition, and ensuring a reasonable reform of international institutions of economic governance, in particular multilateral development banks.

Counter Terrorism

Both Sides reaffirmed their commitment to strengthening bilateral and multilateral cooperation in the field of combating such common challenges and threats such as terrorism, extremism transnational organized crime, money laundering, terrorist financing and illicit drug trafficking.

The two Leaders reaffirmed their strong commitment to preventing and countering terrorism in all its forms and manifestations including cross-border movement of terrorists and terrorist financing networks and safe havens. They condemned in the strongest terms the terrorist attack in India in Pahalgam, Jammu and Kashmir, on April 22, 2025, and in Russia at the Crocus City Hall in Moscow on March 22, 2024. They unequivocally condemned all acts of terrorism as criminal and unjustifiable, regardless of their motivation by any religious or ideological pretexts, whenever, wherever, and by whomsoever they may be committed. They also called for concerted actions against all UN-listed terrorist groups and entities, including Al Qaeda, ISIS/Daesh and their affiliates, aimed at rooting out terrorists’ safe havens, countering the spread of terrorist ideology, eliminating terrorist financing channels and their nexus with transnational crime, and halting cross-border movement of terrorists, including foreign terrorist fighters.

The Sides called for an uncompromising fight against international terrorism and extremism in all their forms and manifestations, noting the importance of increasing cooperation in this area, without hidden agendas and double standards on the solid basis of international law and the UN Charter. Besides, they stressed the need for firm implementation of relevant resolutions of the UN Security Council, the UN General Assembly, as well as the balanced implementation of the UN Global Counter-Terrorism Strategy.

Both Sides emphasized the primary responsibility of States and their competent authorities in combating terrorism. They called for a zero-tolerance policy on terrorism and expeditious finalization and adoption of the Comprehensive Convention on International Terrorism in the UN framework, as well as implementation of the UNGA and the UNSC resolutions on countering terrorism and violent extremism conducive to terrorism.

The two Sides recalled the Special Meeting of the UNSC Counter Terrorism Committee (CTC) held in India in October 2022 under India’s Chairship of the CTC and welcomed the unanimously adopted Delhi Declaration on countering the use of new and emerging technologies for terrorist purposes. They noted that the declaration aims to cover the main concerns surrounding the terrorist exploitation of Information and Communications Technology, such as payment technologies, social media platforms and fundraising methods and misuse of unmanned aerial vehicles (UAVs or drones). Both Sides also expressed their readiness to develop further cooperation in this field with a special focus on preventing radicalization and the spread of extremist ideology in the online space. In this regard, they noted with satisfaction the positive dynamics of strengthening relevant mechanisms within the SCO and BRICS formats.

Regional and International Issues

Both Sides noted with appreciation the close coordination between India and Russia on Afghanistan, including through the dialogue mechanism between the Security Councils of both countries. They emphasized the important role of the Moscow Format meetings.

The Leaders welcomed the counter-terrorism measures against international terrorist groups, including ISIS and ISKP and their affiliates, and expressed confidence that the fight against terrorism in Afghanistan would be comprehensive and effective. They stressed the need to ensure urgent and uninterrupted humanitarian assistance to the Afghan people.

Both Sides reiterated their commitment to peace and stability in the Middle East/ West Asia, calling for restraint, protection of civilians and compliance with international law, and the need to refrain from taking actions that could further escalate the situation and compromise regional stability. They stressed the importance of resolving the Iran nuclear issue through dialogue. They expressed concern over the humanitarian situation in Gaza and strongly stressed the importance for all parties concerned to remain committed to agreements and understandings reached between them for cessation of conflict, humanitarian assistance and a sustainable peace.

The Sides noted the importance of expanding efforts to combat climate change and achieving the goals of the United Nations Framework Convention on Climate Change UNFCCC and the Paris Agreement. The Sides welcomed the 1st meeting of the Joint Russia-India Working Group on the issues of climate change and low-carbon development held on September 10, 2025 in New Delhi within the framework of the Memorandum of Understanding on the issues of climate change and low-carbon development. The Sides agreed to intensify the bilateral dialogue on implementing mechanisms of the Article 6 of the Paris Agreement, developing low-carbon technologies and using sustainable finance instruments.

The Sides agreed to continue interaction within G20, BRICS, SCO on the key issues of climate change. The Sides welcomed the results achieved by a coordinated work within the BRICS Contact Group on Climate Change and Sustainable Development; including the launch of the BRICS Climate Research Platform and the BRICS Laboratory for Trade, Climate and Sustainable Development. Both sides encouraged fruitful cooperation in the area of addressing climate change in BRICS during the India Chairship in grouping in 2026.

The Sides noted with satisfaction the resilience of the India-Russia Special and Privileged Strategic Partnership and the convergent and complementary approaches of their foreign policy priorities, and reaffirmed their commitment for further strengthening it. They stressed that India and Russia as major powers will continue to strive for global peace and stability in a multipolar world as well as in a multipolar Asia.

H.E. President Vladimir Putin thanked Prime Minister Shri Narendra Modi for the gracious hospitality extended to him and his delegation in New Delhi and invited him to visit Russia in 2026 for the 24th India-Russia Annual Summit.