New Delhi, Dec 5 (PTI) Prime Minister Narendra Modi on Friday strongly backed the latest efforts to end the war in Ukraine and conveyed to Russian President Vladimir Putin that India will stand shoulder-to-shoulder in all peace efforts to find an amicable solution to the conflict.

The Ukraine issue figured prominently at the annual summit talks between the two leaders that is aimed at further shoring up a nearly eight-decade bilateral partnership that remained in firm footing notwithstanding fractious geopolitical environment and tensions.

In his televised opening remarks at the summit, Modi said India is not neutral as it is on the side of peace to end the Ukraine conflict.

"We have been holding discussions following the start of the Ukraine conflict. As a close friend, you have been regularly apprising us on the situation. I think trust is a major strength," Modi said.

"We all should find the path of peace. I am aware of the latest efforts and I am confident that the world will turn to peace," he said.

"I have always said that India is not neutral; India has a side and that side is peace. We support all peace efforts and we are standing shoulder-to-shoulder in all peace efforts," he said.

On his part, the Russian president said Moscow is working towards a peaceful solution to the conflict.

Putin was accorded a red carpet welcome on Thursday evening on his first visit to India in four years. It is also his first trip to India since the start of the war in Ukraine in February 2022.

PM Modi personally received the Russian leader with a hug at the Palam airport before travelling together in a white SUV to the prime minister's official residence for a private dinner.

The conversation between the two leaders over dinner is known to have set the tone for the 23rd India-Russia summit talks that is expected to produce a number of tangible outcomes to further broadbase the time-tested relationship.

Boosting defence ties, insulating India-Russia trade from external pressure and exploring cooperation in small modular reactors are set to be the focus of the summit.

The Russian leader's visit to New Delhi has assumed greater significance as it is taking place against the backdrop of rapid downturn in India-US relations.

Following the Modi-Putin talks, the two sides are expected to ink a plethora of agreements, including one on facilitating the movement of Indian workers to Russia, and another on logistical support under a broader framework of defence cooperation.

It is learnt that under the trade basket, Indian exports to Russia are expected to significantly increase in areas of pharma, agriculture, food products and consumer goods.

The move comes amid concerns in New Delhi over a ballooning trade deficit in favour of Russia. India's annual procurement of goods and services from Russia amounts to around USD 65 billion, while Russia's imports from India stand at around USD 5 billion.

Officials said India is also looking at boosting cooperation in the fertiliser sector. Russia supplies three to four million tonnes of fertilisers to India annually. The Indian and Russian sides are also likely to discuss New Delhi's proposed free trade agreement with the Eurasian Economic Union. PTI MPB DV DV

India-Russia summit advances worker mobility, defence logistics, trade insulation, fertiliser cooperation and SMR collaboration. Agreements are proposed to facilitate movement of Indian workers to Russia and to provide logistical support under a defence-cooperation framework; trade measures aim to insulate bilateral commerce from external pressure and expand Indian exports, with sectoral cooperation on fertiliser supplies. The summit also contemplates cooperation on small modular reactors and negotiation of a free-trade arrangement with the Eurasian Economic Union.