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Last updated: Jun 30, 2023 at 05:59 AM IST
Russian President Vladimir Putin and Prime Minister Narendra Modi. (Reuters file photo)
Since its launch in 2014, the center’s flagship program, Make in India, has facilitated investment, fostered innovation, and fostered skills development.
Russian President Vladimir Putin on Thursday applauded Prime Minister Narendra Modi’s “Make in India” initiative, stating that the policy has had a truly impressive impact on the Indian economy.
Since its launch in 2014, the Center’s flagship program has facilitated investment, fostered innovation, and fostered skills development.
Recording significant milestones in strategic sectors, ‘Make in India’ is transforming the country into a global manufacturing and investment destination.
Speaking at an event hosted by a state-funded forum, Putin said it would not harm Russia to emulate what works well in India.
Our friends in India and our great friend, Prime Minister Narendra Modi, launched the Make in India initiative many years ago. It has had a really impressive impact on the Indian economy. “There would be no harm in imitating what works well, even if it was not us but our friends who created it,” Putin said at a plenary session of the Agency for Strategic Initiatives (ASI) forum.
“Of course, we need to think about making our products more convenient and practical, with modern appearance and characteristics. Therefore, industrial design and product design must become an important resource for domestic business development.”
This praise from the Russian president comes a day after Foreign Affairs Minister S. Jaishankar stated that relations between India and Russia were very good and it would be a “mistake” to underestimate their importance.
Our relations with Russia have remained steadfast despite all the upheavals. We have made our own assessment over the years as to the importance of this. “It is wrong to undermine relations with Russia just because of defense dependence,” Jaishankar said.
While talking about India’s relationship with Russia, he added that India is witnessing a boom in the economic part of its relations with Russia.
Notably, Indian refineries are now quickly getting access to the reduced crude.
According to Reuters, this shift comes at a time when the West has given up buying oil from Moscow in response to its invasion of Ukraine.
Russia has now redirected its energy supplies from traditional European markets to Asia, especially India and China.
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