RESTRICTION: USERS MUST CREDIT "INDIAN PRIME MINISTER NARENDRA MODI" HANDOUT — RESTRICTED

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NEW DELHI, INDIA (DEC. 5, 2025) (INDIAN PRIME MINISTER NARENDRA MODI — RESTRICTED)

1. INDIAN PRIME MINISTER NARENDRA MODI SPEAKING (Indian) NEW DELHI, INDIA — DEC. 5, 2025 — RESTRICTION: USERS MUST CREDIT "INDIAN PRIME MINISTER NARENDRA MODI" HANDOUT — RESTRICTED — Indian Prime Minister Narendra Modi spoke at the Russian-Indian Business Forum in New Delhi on Friday, Dec. 5.

Addressing the business forum, Modi said that he had “substantive talks” with Putin, with the two leaders discussing cooperation in various fields such as logistics, deep-sea fishing, vehicle production, pharmaceuticals, textile manufacturing, and people-to-people exchanges.

Referring to the goal of $100 billion in bilateral trade by 2030, Modi said: “We can reach this goal much earlier.”

“We are moving towards this goal, and I'm sure that we will be able to accomplish it much earlier than 2030. All kinds of barriers are being eliminated, being removed,” he said.

He also said New Delhi and Moscow have been taking steps toward a free trade deal between India and the Eurasian Economic Union.

“Our roles are not limited to enhancing mutual trade. We want to ensure the well-being and welfare of the entire mankind. And to accomplish these, we need long-term solutions to the existing global problems, global challenges. India is willing to work next to Russia along this path,” Modi added.

Earlier, during summit-level talks, the two sides agreed to a five-year economic program to "further strengthen" the "special and privileged strategic partnership" between India and Russia.

The two sides exchanged several documents, including memoranda of understanding on trade and commerce, migration and mobility, maritime cooperation (port and shipping development), health and food safety, fertilizers, academic exchanges, media cooperation, and enhancing people-to-people ties.