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16. Indian and Russian enterprises to explore new opportunities arising from the increasing national focus on
infrastructure development and expanding the manufacturing sector.
17. Encouragement to payments in national currencies for bilateral trade.
18. India and Russia to work together to conclude the necessary multilateral arrangements and to step up the use of
the International North-South Transport corridor at the earliest.
19. Invitation for companies of the two countries to realize the substantial opportunities in engineering;
pharmaceuticals; information and communication technology; chemicals; fertilizers; metallurgy; agro and animal
products; and transport.
20. Efforts for enhancing bilateral trade in the coming years and set a target of bilateral trade turnover of goods and
services at US$30 billion by the year 2025. It is expected that the level of mutual investments by then will be over
US$15 billion each way.
21. India and Russia will work together to promote a polycentric and democratic world order based on shared
interests of all countries.
22. India and Russia reafrmed the need for UN Security Council reform in order to make it more representative and
effective in dealing with emerging challenges.
23. India and Russia support the evolution of open, balanced and inclusive security architecture in the Asia Pacic
region based on collective efforts, considering legitimate interests of all states of the region and guided by respect
for norms and principles of international law.
24. India and Russia agreed to work together for the adoption of the Comprehensive Convention on International
Terrorism by the 70th Anniversary Summit of the UN.
25. The two governments will promote and support cultural exchanges (people-to-people ties) through annual
festivals of culture, exchanges between cultural institutions, think tanks, tourism promotion events and other
initiatives.