Russian President Vladimir Putin Commends PM Modi For ‘Make In India’ Policy

Posted by: lukwago J in World news September 13, 2023

In a notable recognition of India’s ‘Make in India’ policy, Russian President Vladimir Putin has expressed his admiration for Prime Minister Narendra Modi’s initiative.

The Russian leader commended PM Modi’s vision and efforts towards bolstering the use of Russian made cars in the domestic market.

Putin made these remarks in response to a media question on Russian made cars at the 8th Eastern Economic Forum on September 12.

During diplomatic exchange, President Putin acknowledged the significant strides made by India under the ‘Make in India’ campaign.

He lauded the government’s emphasis on creating a conducive environment for investment, fostering innovation, and nurturing indigenous industries across various sectors.

President Putin highlighted the importance of self-reliance in achieving sustainable economic growth and praised India’s commitment to reducing dependence on imports through the promotion of domestic manufacturing.

He expressed confidence in the potential of the Indian economy and its ability to emerge as a global manufacturing hub.

The ‘Make in India’ initiative, launched in 2014, aims to transform India into a global manufacturing powerhouse by encouraging both domestic and foreign companies to invest in the country and produce goods locally.

The policy seeks to generate employment opportunities, enhance technological capabilities, and boost export potential, ultimately propelling India’s economic growth.

The praise from President Putin resonates strongly, considering the historically close ties between Russia and India.

The two nations have fostered a robust strategic partnership over the years, collaborating in various sectors, including defense, energy, space exploration, and trade.

President Putin’s endorsement further strengthens the bond between the two countries and underscores the mutual respect and admiration shared by their leaders.

PM Modi’s ‘Make in India’ policy has drawn attention globally, with its focus on transforming India into a global manufacturing hub and promoting the country’s economic development.

The recognition from President Putin serves as an encouragement for India’s efforts and highlights the international significance of the initiative. As India continues to make progress under the ‘Make in India’ banner, it is expected that the policy will attract further foreign investment, facilitate technology transfers, and contribute to job creation and skill development.

The government’s commitment to fostering an enabling business environment and promoting entrepreneurship will play a crucial role in realizing the vision of a self-reliant and prosperous India.

The commendation from President Putin not only acknowledges India’s achievements but also serves as a catalyst for deeper cooperation between Russia and India in the realm of manufacturing and economic development.

It paves the way for enhanced bilateral trade, technology sharing, and joint ventures, further strengthening the partnership between the two nations.

PM Modi’s ‘Make in India’ policy has been instrumental in driving India’s economic growth and transforming the country’s manufacturing landscape.

With the recognition and support of global leaders like President Vladimir Putin, India’s journey towards self-sufficiency and global competitiveness is poised to gain further momentum.

Check also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.