June 30, 2023
1 min read

Putin lauds ‘Make in India’, calls Modi ‘great friend of Russia’

Industrial and product design should become an important resource for the development of domestic business, RT News quoted the President as saying…reports Asian Lite News

Russian President Vladimir Putin called Prime Minister Narendra Modi “a great friend of Russia” and also praised the Centre’s ‘Make in India’ initiative.

Addressing an economic forum in Moscow organised by the Agency for Strategic Initiatives (ASI), the President said on Thursday: “Our friends in India and our big friend, Prime Minister Narendra Modi, launched the ‘Make in India’ initiative several years ago. It has had a truly impressive effect on the Indian economy. It would do no harm to emulate what is working well, even if it was not us but our friends who created it,” RT News reported.

Putin made a case for India as he discussed the opportunities for Russian companies due to the West’s sanctions policies, and the need for the Moscow to “offer support tools to help our companies market their products more efficiently”.

Crediting Indian leadership for creating an effective model to develop local manufacturing capabilities and woo foreign investors, Putin emphasized the need to think about “making our products more convenient and functional, with a modern look and properties”.

Industrial and product design should become an important resource for the development of domestic business, RT News quoted the President as saying.

The ‘Make in India’ initiative was launched by Prime Minister Modi in 2014 aimed to to create and encourage companies to develop, manufacture and assemble products made in the country and incentivise dedicated investments into manufacturing.

Putin and Modi last met on the sidelines of a regional security bloc summit in Uzbekistan in September 2022.

ALSO READ-MBZ dials Putin, discusses developments in Russia

Previous Story

Sweden boosts defence spending to meet NATO target

Next Story

Keralite becomes first Indian mayor of Stafford

Latest from -Top News

Bangladesh Rejects Dar’s 1971 Claim

During his two-day Dhaka visit, the first in 13 years, Dar made the claims after meeting interim Foreign Affairs Advisor Hossain…reports Asian Lite News Bangladesh has rejected Pakistani Deputy Prime Minister and

London Puts Beijing on Hold

The proposed embassy, earmarked for the site of a historic two-century-old building near the Tower of London, has been bogged down in dispute for more than three years…reports Asian Lite News The

Fiji PM Rabuka Begins First India Visit

The visit comes just weeks after India and Fiji held the 6th round of Foreign Office Consultations (FOC) in Suva, Fiji, in July 2025….reports Asian Lite News Fiji’s Prime Minister Sitiveni Ligamamada

Modi all set for Japan, China visits

By travelling to both Tokyo and Tianjin within the span of a week, Modi is set to balance strategic partnerships with Japan and cautious engagement with China – two relationships that will
Go toTop

Don't Miss

Putin Emphasizes Global Shift Toward a More Just World Order

The President further noted that Russia would continue to pursue

Erdogan discusses Ukrainian crisis with Putin

Erdogan emphasised that Turkey is determined to continue to make