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RUSSIAN PREZ PUTIN APPLAUDS PM MODI'S 'MAKE IN INDIA' INITIATIVE
The Business Guardian
|September 14, 2023
Prime Minister Modi launched the Make in India’ campaign in 2014 to facilitate investment, foster innovation, enhance skill development, protect intellectual property build best-in-class manufacturing infrastructure.
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In a recent address at the 8th Eastern Economic Forum in Vladivostok, Russian President Vladimir Putin commended Indian Prime Minister Narendra Modi's 'Make in India' initiative. He expressed Russia's interest in drawing inspiration from India's successful promotion of domestic industries to foster growth within its own economic landscape, despite the challenges posed by international sanctions. Putin made these remarks on Tuesday while speaking at the Plenary session of the 8th Eastern Economic Forum in Vladivostok, a major port city in sanctions-hit Russia's Far East region.
While responding to a question on Russian-made cars, Putin said, "You know, we did not have domestically made cars then, but we do now. It is true that they look more modest than Mercedes or Audi cars, which we bought in vast amounts in the 1990s, but this is not an issue. I think that we should emulate many of our partners, for example, India."
This story is from the September 14, 2023 edition of The Business Guardian.
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