Vladimir Putin today said Russia will set up manufacturing plants across India and praised Prime Minister Narendra Modi’s “India-first” policies. President Putin, who spoke at an investment summit in Moscow today, said he was impressed by how PM Modi’s ‘Make in India’ initiative is “strengthening India’s position on the global stage”.
Expressing his appreciation to Prime Minister Modi, President Putin acknowledged how New Delhi’s policies have contributed to India’s development by creating a stable environment for growth.
Impressed by the ‘Make in India’ policy, Mr Putin said, “Prime Minister Modi has a program called Make in India. We are also ready to set up our manufacturing operations in India. The Government of India under the leadership of the Prime Minister, we Driven by a policy of putting India first and creating stable conditions, we believe it makes sense to invest in India.” He said that Russian company Rosneft has recently invested 20 billion dollars in India.
Mr Putin also emphasized how India’s leadership has focused on “prioritizing its national interests”, which has translated into India’s strong growth and the well-being of its citizens, making special mention of How India created “stable conditions” for small and medium-sized businesses. Enterprises (SMEs).
In his speech at the 15th VTB Russia Calling Investment Forum, President Putin also highlighted the importance of the development of the BRICS and BRICS+ platforms and the contribution of Russia’s import substitution program in that context.
President Putin also urged greater cooperation among BRICS countries to support the development of SMEs and encouraged member countries to identify key areas for cooperation at the upcoming summit in Brazil next year. “I urge our BRICS partners to evaluate the current situation in key areas of cooperation,” he said.
Referring to the investment platform being developed by Russia with BRICS partner countries, President Putin said that it has the potential to benefit all partners and hopes that it will help support our economies and provide financial resources to the countries of the Global South. Will become an important means to provide. East.
