India and Russia have agreed to proposals for establishing a smart city by Russian company AFK Sistema, manufacturing lighting equipment for general and special purposes in Karnataka and unrolling a group of telecommunication satellites “NextStar” on the geostationary orbit of the earth on the basis of a low budget platform.

These were among the decisions that were taken at the twentieth session of the India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation which met here on Wednesday.

The two sides also agreed to joint cooperation between National Mineral Development Corporation (NMDC) and Russian company ACRON for developing potassium and magnesium deposits in the Talitsky mine in the Perm region in Russia and Partomchorr apatite-nepheline ore deposit in the Murmansk region.

Both sides also agreed to enhance bilateral trade through the International North South Corridor Project (INSTC) by freight forwarders and exporters particularly to bolster trade in agriculture and the food processing industry.

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