The visit is expected to impart new dynamism to "special and privileged" Indo-Russia ties and the two sides will be taking stock of the current state of relations apart from discussing ways to significantly enhance bilateral trade from the current USD 10 billion during the 15th Summit meeting.
Putin will hold detailed talks with Modi both in restricted and delegation level formats. He will also call on President Pranab Mukherjee who will hold a banquet for him.
Further cooperation in the nuclear energy area is also likely to figure prominently during the talks.
"President Putin's visit is a landmark event and is expected to provide fresh impetus to the existing bilateral relations between the two countries. The dominant theme of this summit will be the spelling out by the two leaders a joint vision of our relationship for the next decade," Ajay Bisaria, Joint Secretary (EURASIA) said.
Putin, who will be accompanied by a high-level delegation of officials and corporate leaders from Russia, and Modi are expected to jointly interact with CEOs of major companies from both the countries as well.
It will be the first annual summit meeting between Putin and Modi. The two leaders have met twice during the year. They met on the sidelines of the BRIC summit in Brazil in July during which Modi had mentioned to him that every child in India knows that Russia was India's "closest friend"
