Russian President Vladimir Putin showered praise on Prime Minister Narendra Modi and commended India’s Make In India initiative. Speaking at a forum in Moscow organized by Russia’s Agency for Strategic Initiatives, Putin referred to PM Modi as Russia’s “big friend” and acknowledged the significant impact of the Make In India initiative on the Indian economy.
Emulating What Works Well
Putin emphasized the importance of learning from successful initiatives and expressed support for emulating strategies that yield positive results. He highlighted the impressive effect of Make In India on India’s economic growth, suggesting that other countries, including Russia, could benefit from adopting similar approaches.
Opportunities for Russian Companies
During the forum, Putin also discussed the potential opportunities for Russian companies arising from the sanctions imposed by the West. He underscored the need for Moscow to provide support tools to help Russian companies effectively market their products.
Strengthening India-Russia Ties
The appreciation expressed by President Putin towards Prime Minister Modi’s Make In India initiative is likely to foster stronger ties between India and Russia. The recognition of India’s economic efforts by a prominent world leader can further promote economic collaborations and bilateral relations.
About the Make In India Initiative
The Make In India initiative, launched by Prime Minister Narendra Modi several years ago, aims to encourage domestic and foreign companies to manufacture their products in India. The program seeks to boost manufacturing capabilities, create jobs, and transform India into a global manufacturing hub.
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