Today: 5 August 2025
30 June 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

China unveils foreign relations law to counter western hegemony

Next Story

Keralite becomes first Indian mayor of Stafford

Latest from -Top News

US Mulls Terror Tag for Muslim Brotherhood

The US’ plan to designate the Muslim Brotherhood as a terrorist group comes after a bipartisan bill was introduced by Republican Congressman…reports Asian Lite News The US is once again edging closer

Hamas Sets Terms For Disarmament

HAMAS: ‘The resistance and its weapons will not be abandoned until our full national rights are restored, foremost among which is the establishment of an independent, fully sovereign Palestinian state’ Hamas affirmed

Statehood For Palestine

Analysts see the general move as a deliberate push to revive a stagnant peace process long controlled by Israel, Hamas and the United States, all of whom, they say, have shown little

IBPC Dubai charts new growth path

Former Tata Motors CEO Ravi Kant headlines exclusive event as Indian business council sets course for transformation….reports Asian Lite News The Indian Business & Professional Council (IBPC) Dubai has signalled a significant

Miles in the Malls!

Dubai Mallathon kicks off today – The emirate’s biggest malls transform into indoor fitness arenas, inviting residents to walk, run, and win — all while staying cool, healthy, and community-connected….reports Asian Lite
Go toTop

Don't Miss

EU agrees massive Ukraine aid deal in ‘message’ to Putin

Zelenskyy noted, “It is very important that the decision was

Putin points to steady development of multipolar world order

NATO member states are actively building up their offensive potential,