Addressing the Eastern Economic Forum's plenary session in Vladivostok on Thursday, Prime Minister Modi remarked upon the similarities between India and Russia. Modi said that the manner in which the people of the two nations say 'goodbye' is very similar, mentioning that in Gujarat, his home state, instead of saying 'bye-bye', people say 'aavjo'. 'Aavjo' means 'please come back soon'. In Russia, people say 'Dasvidaniya', which means 'until next time'.
The Prime Minister is on a two day visit to Vladivostok. PM Modi is the Chief guest at the Fifth Eastern Economic Forum on the invitation of Russia's President, and is there to hold the 20th India-Russia Annual Summit along Russian President Putin. The PM's visit to the Russian Far-East was aimed at development of close and mutually beneficial cooperation between India and Russia in the region. Modi visited the Zvezda shipbuilding complex with Putin on Wednesday and later in the morning held the India-Russia summit. In his speech, Modi also mentioned the affection and friendship between the two leaders, which was demonstrated by President Putin who spent a lot of time with him throughout Wednesday and the two were up till 1 A.M.
PM Modi stated that for the development of Russia's Far-East, India will give a line of credit worth US $1 Billion. He also mentioned that his government has actively engaged in East Asia as part of its 'Act East' policy and this investment will give a new dimension to India's economic diplomacy.
The two countries have agreed on multiple issues, such as building a maritime route between Chennai and Vladivostok, a MoU on cooperation in coking coal mining projects, cooperation in audio-visual co-production, and production of spare parts for Russian/ Soviet military equipment. There will also be investment in the Hydro-carbon sector in both countries, and a 5-year roadmap for cooperation in the sector, and cooperation in the search for Hydro-Carbon and natural gas in the Far East and the Arctic has been agreed on.
Modi also said that India's long association in space is touching new heights and astronauts from India will receive training in Russia for Gaganyan, i.e. India's first manned Space Flight.