The President of Russia, Vladimir Putin, said that PM Modi’s ” Make In India” had visible effects on our Indian economy, reported RT. RT is referred to as the Russian state-controlled international news TV network.
Further, Putin said that our knowns and friends in India and PM Narendra Modi, a good friend of Russia, presented the make-in-India concept a few years ago. He reports to RT that it had effects on the Indian economy. It will not harm to apply what works well, even if we are not there, our friends who create it, he said.
India Russia partnership
The Ambassador of Russia, Denis Alipov, said that the partnership between Russia and India shows strength and makes it stronger than ever. There are lies about Russia on a regular basis and wide scale. Even efforts are made to disrupt the relations between India and Russia. But still, it hosts the reception in the national capital that highlights the national day of the Russian Federation, said the Ambassador
In terms of the India and Russia special relationship, the envoy said that the truth is that the relationship between India and Russia shows strength and is growing stronger.
Putin praised India for its efforts.
At the time of the forum organized by the Russian agency for strategic relationship initiatives, Putin praised India for its efforts to promote manufacturing, local development, and assembly of products.
He also highlights that the success of the initiative, made in India, that was launched by PM Modi in 2014, makes the strategic India- Russia relationship stronger.
How does “ Make in India” provide opportunities to companies
According to RT, the Russian president drew the example of India to promote the brands and domestic products in Russia. He recognized India as a leading example. Putin suggested that the other countries considered similar strategies.
He drew attention to the better opportunities available to Russian companies in terms of Western policies. It puts the focus on the importance of offering support and helps the companies to market their brands and promote them effectively.
India as a buyer of Russian oil
India is considered the buyer of Russian oil in the wake of Western sanctions posses on Moscow since the Ukraine invasion. According to online analytics, the Russians are responsible for 46% of oil imports to India.
How does India create a successful model?
Putin represents India as the leader that created a successful model and inspired local manufacturing capabilities, and attracted investors. Moreover, he emphasized the significance of improving product design and functioning to develop the business.
The initiative taken by India, made in India, spans 25 sectors, including textiles, automobiles, electronics, pharmaceuticals, and renewable energy.
Conclusion
The “Make in India” initiative was launched by PM Narendra Modi in 2014. It plays an important role in giving a boost to the Indian economy and helps companies to promote their brand. This is the reason why India has become an attractive destination for foreign investment and license manufacturing.
