PM heads home, concluding Kazakhstan, China visit

Last Updated: Saturday, April 16, 2011 - 21:01

Astana: Prime Minister Manmohan Singh
on Friday flew back home, ending his five-day visit to China and
Kazakhstan during which he attended the crucial summit meeting
of BRICS leaders, and concluded agreements with Astana in the
field of civil nuclear energy and oil sector.
The Prime Minister concluded his two-day visit to
Astana today, during which India and Kazakhstan signed seven
pacts, including a framework agreement in civil nuclear field
and a stake-sharing accord in oil sector.



The USD 400 million package of three energy agreements
signed between ONGC Videsh Ltd (OVL) and Kazakhstan`s national
company Kazmunaigas (KMG) included one for acquisition of 25
per cent stake in the Satpayev exploration block in the
Caspian Sea.



At wide-ranging talks between Singh and Kazakh
President Nursultan Nazarbaev, the two sides also decided to
work for pushing the bilateral trade, which was currently as
low as USD 300 million, through engagement of governments and
business communities and diversifying to non-oil sectors like
pharma, agriculture and IT.



On the first leg of his two-nation visit, Singh in
China, attended the BRICS Summit along with Presidents of
Brazil, Russia, China and South Africa, who together came up
with a declaration voicing opposition to the use of force in
Libya, and calling for a reform of the United Nations Security
Council.
At the BRICS summit in in the southern Chinese city of
Sanya, Singh pushed for closer cooperation, particularly in
the field of economy among the five fast emerging nations.



During its third annual summit, attended by South
Africa for the first time, BRICS took a significant step
towards enhancing economic cooperation when the member
countries signed an agreement under which they will be able to
provide credit to each other in local currencies and
collaborate in capital markets and other financial services.



Prime Minister Singh also held bilateral talks with
Brazilian President Dilma Roussef, Russian President Vladimir
Putin and South African President Jacob Zuma.



In Sanya, Singh also met Chinese President Hu Jintao
during which it was decided that India will send a military
delegation to China later this year, marking resumption of
high level defence exchanges, which had been suspended in last
July after China denied proper visa to the then Northern Army
Commander Lt Gen B S Jaswal.



PTI



First Published: Saturday, April 16, 2011 - 21:01
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