Russian President Vladimir Putin has said Prime Minister Narendra Modi’s ‘Make in India’ concept has had a “visible effect” on the Indian economy, RT reported.
Putin was speaking at a forum in Moscow organised by Russia’s Agency for Strategic Initiatives (ASI), the Russian television network RT reported.
Vladimir Putin also cited India as an example of a country encouraging companies to develop, manufacture, and assemble products locally.
“Our friends in India and Prime Minister Narendra Modi, a great friend of Russia, a few years ago presented a concept ‘Make in India’ and it had a very visible effect on the Indian economy,” said President Putin while speaking at the event.
Giving India’s example to encourage domestic products and brands in Russia, Vladimir Putin said there is a need for Moscow to “offer support tools to help our companies market their products more efficiently.”
He lauded India’s initiative to create an effective model to develop local manufacturing capabilities and woo foreign investors.
Putin emphasised 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, he was quoted as saying by RT.
The ‘Make in India’ initiative was launched globally in September 2014 as a part of India’s renewed focus on manufacturing. The objective of the initiative is to promote India as the most preferred global manufacturing destination.
Recently, Russian Ambassador Denis Alipov in New Delhi has said that the “special Russia-India strategic partnership” has shown strength and is “growing stronger as ever”.
“There have been lies about Russia on a daily basis and on a global scale. Efforts are being made to disrupt Russia – India relations,” Envoy Alipov said during the state reception hosted in the national capital that was dedicated to the National Day of the Russian Federation.
Lauding the ‘special Russia – India strategic partnership’, the envoy said, “The indispensable truth however is- the special Russia-India strategic partnership has shown strength and we keep growing stronger than ever”.
(with inputs from ANI)
