Vladimir Putin Calls PM Modi ‘Great Friend Of Russia’, praises ‘Make in India’

Vladimir Putin: The President of Russia used India’s successful case as inspiration to promote the production of domestic goods and brands within his own nation, utilizing the ‘Make in India’ campaign.

Russian President Vladimir Putin praised Indian Prime Minister Narendra Modi and his “Make in India” initiative during an event in Moscow on Thursday. He called the initiative a “fine example” of how to encourage domestic products and brands, and said that it had had a positive impact on the Indian economy.

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What Vladimir Putin said more?

Putin also called for Russia to create an economy that produces its own modern goods, services, and technology, rather than consuming foreign, imported products. He said that India’s “Make in India” initiative was a good example of how to achieve this goal.

Putin’s comments come at a time when Russia is facing economic sanctions from the West in response to its invasion of Ukraine. The sanctions have had a significant impact on the Russian economy, and Putin is looking for ways to boost domestic production and reduce reliance on imports.

Vladimir Putin
Vladimir Putin

The “Make in India” initiative is a government-led program that aims to attract foreign investment and promote domestic manufacturing in India. The program has been successful in attracting investment from companies such as Apple, Samsung, and General Electric. It has also helped to create jobs and boost economic growth in India.

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Putin’s comments suggest that he sees the “Make in India” initiative as a model for Russia’s own economic development. He is likely to continue to promote domestic production and investment in Russia in the coming months and years.

After the invasion of Ukraine in February last year, Putin shifted his focus to Russian companies that had relocated outside the country.

He alleged that certain foreign brands had transformed their departure from the Russian market into a publicity stunt, casting doubt on the effectiveness of their public relations tactics and questioning any advantages they may gain from such strategies.

(With inputs from THE FREE PRESS JOURNAL)

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