1.The Andhra Pradesh Economic development board(EDB) signed two agreements with Russian corporations in the presence of Russian president Vladimir putin and Prime minister of of India, Narendra Modi.
2.The first MoU was with United Shipping corporation(USC) for construction of Ship building in the state.
3.The second MoU was with Alexeev's central Hydrofoil Design Bureau,Radar MMS and Morinsis-AGAT and Elcom Systems private limited for setting up manufacturing and servicing facilities in the respective areas of specialization.
