Keen to start manufacturing ops in India: Putin

Russian President Vladimir Putin praised Prime Minister Narendra Modi’s ‘Make in India’ initiative and expressed Russia’s readiness to establish manufacturing operations in India.

Speaking at the ‘Russia Calling Investment Forum’, Putin acknowledged India’s efforts to create a stable environment for economic growth. According to a statement from the Union Ministry of Commerce and Industry, Putin emphasised how these policies have significantly contributed to India’s development.

He highlighted the role of the ‘Make in India’ initiative in boosting manufacturing and attracting foreign investment, underscoring its importance in strengthening India’s position in the global economy.

“We are ready to set up our manufacturing operations in India. The Indian Government, under PM Narendra Modi’s leadership, has created stable conditions, driven by a policy of putting India first. We believe that investing in India is profitable,” Putin said, as quoted in the ministry’s statement.