‘PM Modi doing the right thing by promoting Make in India,’ says Russian President Putin
Source- The Indian Express
The Russian president stated that locally produced cars must be utilized, and Prime Minister Modi’s India is already setting an example with its numerous initiatives.
Vladimir Putin, the president of Russia, congratulated Prime Minister Narendra Modi for promoting indigenous companies through his “Make in India” initiative. Putin stressed the significance of using goods made domestically and suggested that Russia might learn from its allies like India.
At the plenary session of the 8th Eastern Economic Forum in Vladivostok, Putin responded to a question concerning automobiles built in Russia by saying, “I guess in this regard, we should learn from many partners of ours, specifically our partners in India.”They are primarily concentrating on the manufacturing and usage of the automobiles and boats built in India, he continued, adding that PM Modi was “doing the right thing” by pushing people to consume such items.
Since 2014, the “Make in India” program, which aims to encourage manufacturing in the nation, has served as a pillar of Prime Minister Modi’s electoral campaign.
Putin continued, saying, “We have (Russian-made) cars, and we must use them; this is fine.” He said that using Russian-made cars wouldn’t violate any international trade agreements. “It will deal with government acquisitions. To encourage officials to drive domestically produced vehicles, we need to establish rules on the kind of vehicles that they can drive.
Putin also discussed the ‘India-Middle East-Europe Economic Corridor’ (IMEC), which was created on the margins of the most recent G20 meeting in New Delhi, during the Plenary Session. According to the news agency PTI, Putin claimed that the economic corridor wouldn’t have any negative effects on Russia and would help the nation.
Putin said, when asked how the corridor will influence the execution of Chinese and Russian projects, “I think it is for our good; it will help us develop logistics.”
The Americans joined in at the last minute, he noted. But aside from potential commercial interests, I fail to understand why they would want to be involved. We don’t see anything that may damage us in any manner here, he continued. An alternative to China’s contentious Belt and Road Initiative (BRI) is the new economic corridor.