Ukraine prez on 4-day visit to India with trade, tech in mind

India plans to ink at least five agreements when Ukrainian President Viktor Yanukovych lands in the Capital on Sunday on a four-day visit.

Yanukovych will be accompanied by senior ministers, officials and a large business delegation.

Prime Minister Manmohan Singh will hold wide-ranging talks with Yanukovych on Monday to explore a wide spectrum of areas, including trade-economic cooperation, scientific and technical, investment, cultural and visa issues.

The visiting leader alongwith the business delegation will interact with the industry captains at a business meet being organised by the chambers in New Delhi and Bangalore.

Briefing mediapersons ahead of the visit, the MEA said that the Ukrainian leader will also be visiting Agra and Bangalore during his state visit.

"Ukraine has about 15 nuclear power reactors, which India has also now obtained and are going to be commissioned at Kudankulam. In fact, several Ukrainian-origin technical personnel have been assisting the project," said Ajay Bisaria, joint secretary (Eurasia) of the external affairs ministry.

"Our defence cooperation has been quite healthy. Ukraine is overhauling and modernizing the Indian Air Force's AN32 fleet. This is based on contracts signed in 2009 worth about $520 million," he said.

The bilateral cooperation between the two countries is multi-faceted and covers a wide range of areas including political, defence, science and technology, nuclear, space and and trade investment.

Indian pharmaceutical exports to Ukraine are the largest by volume and second in terms of value and are estimated to be $325 million in 2011.

The fourth India-Ukraine inter-governmental commission on trade, economic and scientific cooperation was held in May/June this year.

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