Other areas of collaboration, which figured prominently in the joint statement between the two sides, are nuclear reactors, investments by Indian diamond companies in Russian Far East, and “joint collaboration in precious metals, minerals, natural resources and forest produce, including timber, through joint investments, production processing and skilled labour’. The review of priority investment projects in the spheres of mining, metallurgy, power, oil, and gas, railways, pharmaceuticals, information technology, chemicals, infrastructure, automobiles, space, shipbuilding and manufacturing of different equipment reflects a focus on the desire for diversification. PMModi has invited Russian companies to set up industrial parks in India for defence manufacturing.