New Delhi, Oct 11 (IANS): Several important agreements are likely to be signed at the India-Russia bilateral summit, to be held in Goa this month, during Russian President Vladimir Putin's visit for the BRICS leaders' meeting, the government said on Tuesday.

"At the 17th India-Russia Annual Summit in Goa on 15 October 2016, the leaders are expected to review the entire gamut of India-Russia bilateral relations and review the progress made since the last summit held in Moscow in December 2015," the External Affairs Ministry said in a statement.

"Important bilateral agreements are expected to be concluded and a joint statement released at the end of the summit," it stated.

Prime Minister Narendra Modi and Putin held the last summit in Moscow on December 14 last year.

"Further, given that the year 2017 marks the 70th anniversary of the establishment of diplomatic relations between the two countries, a number of commemorative celebrations marking the important milestone is planned," the External Affairs Ministry statement said.

India is hosting 8th BRICS (Brazil, Russia, India, China, South Africa) Summit in Goa on October 15-16.