India, Russia sign key defence, economic pacts

India and Russia on Saturday 16 key agreements, including a pact on missile sales and a joint venture for manufacturing helicopters, as the two countries further boosted their military ties.

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The other agreements signed during President Vladimir Putin's visit for the annual India-Russia summit included:

- A shareholders agreement for 226 Kamov helicopters

- A memorandum of understanding to develop transport logistics system

- A pact on creating a united ship-building corporation

- An agreement on education and training

- An MoU on urban development and smart city projects

- A pact on cooperation between Indian and Russian railways

- Announcement in relation to successful execution of documents between Rossnev and Essar for oil

- Space cooperation between Russian space Corporation and ISRO