RUSSIAN President Vladimir Putin lauded the Indian government and its leadership for its efforts in creating “stable conditions” for small and medium-sized enterprises (SMEs), highlighting India’s economic initiatives, particularly the “Make in India” initiative led by Prime Minister Narendra Modi.
Addressing the VTB Investment Forum in Moscow on Wednesday, Putin drew similarities between Russia’s import substitution programme to India’s “Make in India” initiative and expressed Russia’s readiness to establish manufacturing operations in India. Putin also noted that India’s leadership focused on a policy of prioritizing its interests.
“Prime Minister Modi has a similar programme called Make in India. We are also ready to place our manufacturing site in India… The Prime Minister of India and the Government of India have been creating stable conditions and this is because the Indian leadership has been pursuing India comes first policy and we believe that investments in India are profitable,” the Russian President said.
ANI
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