After inking a collaboration pact with Japan for Artificial Intelligence (AI) and IoT, India on Tuesday, has made an agreement with Russia to increase cooperation in the field of AI, blockchain system, and explore the possibility of joint work in healthcare.
According to an official statement, the nations also decided to increase cooperation in the field of tourism, digital front, financial technology and quantum computing.
“Both sides agreed to explore joint working arrangements and pilot projects in healthcare, proposed setting up of a single-window clearance,” said the statement issued after the first India-Russia Strategic Economic Dialogue at St Petersburg.
The two nations also agreed on tourism being a valuable tool for increasing people-to-people contact and economic cooperation.
The dialogue was led by Indian government policy maker, NITI Aayog’s Vice Chairman Rajiv Kumar and Minister of Economic Development of the Russian Federation Maxim Oreshkin.
According to the statement, the dialogue focussed on five core areas – transport infrastructure, agriculture and agro-processing sector, small & medium business support, digital transformation & frontier technologies and industrial & trade cooperation.
It was decided that the next round of Strategic Economic Dialogue would be held in India in July/August 2019.
It may also be recalled that in September 2016, Russia’s Global Venture Alliance (GVA) in Moscow, has already signed a pact with Society for Innovation and Entrepreneurship (SINE) at IIT-Bombay, Mumbai, where both are running a bilateral entrepreneur exchange program, entitled India Russia Bridge for Innovations (IRBI). The program was the first initiative between India and Russia with a focus on science & technology based entrepreneurship and is fully sponsored and supported by the Government of India’s Department of Science and Technology (DST).