India and Russia have been allies since the Cold War. In our modern world, this friendship has been extended to include business and economic ties. While this growth is encouraging, there is still a lot of work to be done. India and Russia is large landmass with a lot of people. While their currency has been devalued recently, there is growth in the market due to a lack of major competition. The current state of the economy is a positive sign that economic ties between these two countries will grow and flourish!
Artificial intelligence and cybersecurity
A new report published by the Russian state-run news agency Sputnik shows that Russian and Indian officials are working more closely together on the creation of high-tech technologies. The report mentioned specifically artificial intelligence, robotics and nanotechnology, as well as the pharmaceutical sector. The report was published on Tuesday and is called “Through trust and partnership – to new heights of cooperation”. This follows the two countries signing an agreement to form a joint venture for the production of helicopters. The Russian Rostec Corporation will hold 51 per cent of the shares, while its Indian partner, the state-run Hindustan Aeronautics, will own the remaining 49 per cent.
Robots are becoming commonplace in jobs that humans once carried out. One of the most effective ways to make this transition is to point out the benefits of using robots. Robots may not always be able to replace humans, but the advantages of using these machines allow us to see their value! Promobot V.4 is an incredible piece of technology. It has the ability to greet people with a warm Russian handshake, it can shake hands, show its knowledge of certain topics, and it can even dance! This robot is an example of the fine work being done in this area!
This year, the Russian developer of cybersecurity systems Zecurion signed a partnership agreement with the Indian IT distributor BD Software. The companies jointly plan to develop solutions to prevent persistent and deeply damaging corporate fraud like the Covid-19 ransomware. A group of hackers behind it managed to steal hundreds of thousands of dollars in the space of a few hours by demanding ransoms in the local currency of the infected countries. This became possible due to the fact that most companies that were attacked were using outdated operating systems, easily cracked by Covid-19.
Thanks to the emergence of the internet and digitalization, we’re entering a new era of cooperation and competitiveness, in which effective and sustainable development is impossible without digital transformation. The main goal of digital transformation in Russia and India is to develop and coordinate security principles, especially concerning cyber threats. The new potential growth areas will be closely linked to the IoT, smart cities, blockchain, cloud computing, big data analytics, and artificial intelligence. In order to face new challenges, the Eurasian Economic Union, EU, and BRICS countries must build a close network of cooperation.
Video Analytics and telecommunications
A technological revolution is a powerful tool that is being used across the entire world. One of the ways that governments are using it is to monitor individuals. In Russia, facial recognition technology is being used as part of “Safe City”, a national system that relies on a database of personal information as well as surveillance camera monitors. In order to complete this large-scale project, a gateway was created to communicate with the database. Facial recognition technologies are also being used to capture the activity of criminals and make sure they don’t escape. The cameras can track a person’s movements and record their routes. If a person is determined to be a criminal, then their image can be uploaded to a database to ensure that they do not go undetected.
The Indian police have installed video surveillance cameras in the Indian border posts along the Line of Control (LoC) in Jammu and Kashmir. The video analytics system developed by the Russian company NtechLab was installed at 30 railway stations on railway sections between the western Indian states of Gujarat and Maharashtra, including Mumbai.
Vasily Brovko, Director for Special Assignments of RostecState Corporation, Chairman of the Board of Directors of NtechLab said, “It is of great significance that this platform was introduced in India, which is today is one among the fastest-growing technology markets within the world and where all the world’s leading IT leaders try to realize an edge .”
However, for India, also as for Russia, the technological independence of its market may be a priority. The governments don’t want to be tied into a little number of vendors. Therefore, additionally, to exporting Ntech Lab Solutions, we are able to offer the Indian market close cooperation within a good range of technical projects such as developing wireless communications for 5G and also 6G. India and Russia have already got established economic relations, for instance, in energy, metallurgy and space technologies. New opportunities are emerging today in medicine, pharmaceuticals, IT and telecommunications as a part of joint development initiatives.Tatyana Shaumyan, Head of the middle for Indian Studies, Institute of Orientalism Russian Academy of Sciences