One of the most important pact will be on the Fifth Generation Fighter Aircraft (FGFA), that both India and Russia is planning to develop together. The External affairs ministry also suggested that the two nations will try to improve technology sharing and co-operation in the area of hydro-carbons.
India is a growing economy where we are going to need lot of energy in coming decades and Oil and natural resources rich Russia can be a good strategic partner as far as India's energy needs are concern in future. If everything goes well Russia may setup two more 1000 MW power plants in India. Russia is planning to setup 14- 16 nuclear reactors in India in coming years if deals are finalized successfully.
Medvedev may visit Agra on Tuesday before leaving for Mumbai the economical capital of India where he may visit the RK Studio setup by legendary Raj Kapoor who was immensely popular in Soviet Russia.