Vladimir Putin, the president of Russia, lauded Prime Minister Narendra Modi’s “Make in India” effort on Thursday, saying the project’s impact on the Indian economy has been absolutely amazing.
The Center’s main programme has facilitated investment, encouraged innovation, and improved skill development since its establishment in 2014.
‘Make in India’ is making the nation a top manufacturing and investment destination by achieving significant successes in key areas.
Speaking at a gathering sponsored by a government-funded conference, Putin claimed that copying India’s successful policies would not be harmful to Russia.
“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,” 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 functional, with a modern look and properties. Therefore, industrial and product design should become an important resource for the development of domestic business,” he added.
The Russian president’s appreciation comes a day after External Affairs Minister S. Jaishankar said it would be “mistake” to downplay the significance of India-Russia relations.
“Our relations with Russia have been kept steady despite all turbulence. We have made our own evaluation over the years regarding the importance of this. It is a mistake to dumb down ties with Russia to just defence dependences,” Jaishankar said.
In his discussion of India’s connections with Russia, he said that India’s economic ties with Russia are improving.
Notably, Indian refiners are already buying crude at steep discounts quickly.
The news source claims that this change occurs as a result of the West ceasing to buy oil from Moscow in retaliation for its invasion of Ukraine.
The old European markets for Russian energy have now been replaced by Asia, especially India and China.
