Putin praises Modi's 'Make in India'

 Putin's High Praise for PM Modi's 'Make in India': 'Visible Effect on Economy'

Date: June 30, 2023

In a recent diplomatic development, Russian President Vladimir Putin has expressed high praise for Indian Prime Minister Narendra Modi's flagship initiative, 'Make in India.' The Russian leader acknowledged the initiative's significant impact on the Indian economy, noting its visible effect in bolstering domestic manufacturing and enhancing India's position in the global market.

During a bilateral meeting held in Moscow earlier this week, President Putin commended Prime Minister Modi for his relentless efforts in promoting India as a global manufacturing hub. He highlighted the remarkable progress made by the 'Make in India' campaign since its launch in 2014 and lauded the positive outcomes it has yielded for India's economy.

Putin emphasized that the 'Make in India' initiative has contributed to substantial growth in various sectors, including automobile manufacturing, electronics, and renewable energy. He applauded India's strides in self-sufficiency, citing the nation's reduced dependence on imports for crucial goods and services.

The Russian President also underscored the fruitful collaboration between India and Russia, pointing out the successful joint ventures and partnerships that have emerged as a result of 'Make in India.' He mentioned the Kamov Ka-226T helicopter project and the ongoing construction of Russian-designed nuclear power plants in India as prime examples of this bilateral cooperation.

Moreover, Putin acknowledged the role of 'Make in India' in attracting foreign direct investment (FDI) into the country. The initiative's focus on ease of doing business, coupled with the introduction of several reforms, has garnered increased interest from international companies seeking to invest in India's growing market. The Russian President expressed his optimism for future collaborations and joint ventures between Russian and Indian companies, leveraging the potential of 'Make in India.'

Prime Minister Narendra Modi thanked President Putin for his kind words and emphasized India's commitment to further strengthening the economic ties between the two nations. He highlighted the potential for technology transfers and investment opportunities that can arise from the collaboration between India's skilled workforce and Russia's technological expertise.

The recognition by President Putin reinforces the significance of 'Make in India' as a transformative initiative driving economic growth and attracting foreign investments. This endorsement from a prominent global leader adds to the campaign's credibility and reflects India's increasing prominence as a manufacturing powerhouse on the international stage.

As 'Make in India' continues to shape India's economic landscape, the government's focus on infrastructure development, skill enhancement, and regulatory reforms remains pivotal. The sustained implementation of the initiative, coupled with robust partnerships with global players, will likely further accelerate India's march toward becoming a global manufacturing hub.

With President Putin's commendation acting as a catalyst, the 'Make in India' campaign receives a significant boost, highlighting India's potential to harness its demographic dividend and emerge as a formidable force in the global manufacturing sector.

Disclaimer: This article is a work of fiction and has been created for entertainment purposes only. The opinions expressed within this article are not representative of the actual views of the individuals mentioned.