Friday, May 24

Putin Commends PM Modi’s Policies as They Promote the ‘Make in India’ Program

Russian President Vladimir Putin has expressed his admiration for Prime Minister Narendra Modi’s policies, citing their positive impact on promoting the “Make in India” program. Putin’s praise comes as a testament to the Indian government’s efforts to boost domestic manufacturing and self-reliance, which aligns with the broader “Make in India” initiative. The collaborative efforts between India and Russia have the potential to further strengthen trade ties and foster economic growth for both nations.

In the Russian port city of Vladivostok on September 13, Russian President Vladimir Putin commended Prime Minister Narendra Modi’s policies during the 8th Eastern Economic Forum (EEF). Putin specifically praised PM Modi for promoting the “Make in India” program, emphasizing the importance of using domestically manufactured automobiles. He noted that while these vehicles may appear more modest compared to luxury brands like Mercedes or Audi, India’s focus on using Indian-made vehicles serves as an exemplary approach. Putin lauded PM Modi’s efforts, stating, “I think that Prime Minister Modi is doing the right thing in promoting the Make in India program. He is right.”

 

Putin Commends PM Modi's Policies as They Promote the 'Make in India' Program
Putin Commends PM Modi’s Policies as They Promote the ‘Make in India’ Program

 

President Vladimir Putin emphasized that it is perfectly acceptable to use Russian-made automobiles and clarified that doing so would not violate any World Trade Organization (WTO) obligations. He highlighted the importance of establishing a system for the use of domestically manufactured cars, particularly for state purchases. Putin discussed proposals to continue purchasing these vehicles, citing streamlined logistics as a facilitating factor.

Furthermore, Putin expressed his positive outlook on the India-Middle East-Europe Economic Corridor (IMEC), emphasizing that it poses no hindrance to Russia. In his view, the IMEC project benefits Russia, underscoring the potential for enhanced economic cooperation between India, the Middle East, and Europe.

President Vladimir Putin expressed his perspective that the United States, the European Union, Saudi Arabia, and India have joined the “last car” by participating in the creation of a new economic corridor, the India-Middle East-Europe Economic Corridor (IMEC). However, he asserted that the project ultimately benefits Russia. During his remarks at the Eastern Economic Forum (EEF), Putin highlighted the potential for the IMEC to enhance logistics and emphasized that discussions about the project had been ongoing for several years.

This statement followed the signing of a Memorandum of Understanding (MoU) among India, the US, UAE, Saudi Arabia, France, Germany, Italy, and the European Union to establish the IMEC on the sidelines of the G20 Summit in New Delhi.

While acknowledging the United States’ last-minute involvement in the India-Middle East-Europe Economic Corridor (IMEC) project, President Vladimir Putin expressed skepticism about its significant role in the initiative. He suggested that the U.S. might be motivated primarily by business interests. Putin emphasized that the additional movement of goods along the IMEC corridor complements Russia’s North-South project and does not pose any hindrance to Russia’s interests.

The IMEC project was announced during the G20 Summit in New Delhi, involving India, the United States, Saudi Arabia, and the European Union, as well as other nations, in a collaborative effort to establish a substantial shipping and railway connectivity corridor spanning India, the Middle East, and Europe.


Also read: US President Biden Discusses Human Rights and Free Press Concerns with PM Modi

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