Russian President Vladimir Putin has offered praise for India’s ‘Make in India’ policy, hailing Prime Minister Narendra Modi for encouraging the use of domestically manufactured products.
Speaking at the 8th Eastern Economic Forum (EEF) in Vladivostok, Russia, Putin expressed admiration for India’s focus on domestic production and emphasized that using Indian-made cars and vessels serves as an exemplary model for other countries.
Putin’s Appreciation for ‘Make in India’:
During a discussion about Russian-manufactured cars, Putin emphasized the importance of utilizing domestically produced vehicles. He cited India as a prime example of a country that has effectively promoted the ‘Make in India’ program under Prime Minister Modi’s leadership.
Putin acknowledged that while these Indian-made automobiles might appear more modest compared to luxury brands like Mercedes or Audi, the focus should be on fostering domestic industries.
#WATCH | On driving Russian-made cars, Russian President Vladimir Putin says, “…I guess in this regard, we should learn from many partners of ours, namely our partners in India. They are mostly focusing on production and use of the cars and vessels produced in India. And in… pic.twitter.com/Mloawwm20M
— ANI (@ANI) September 13, 2023
Encouraging ‘Made in India’:
Putin endorsed Prime Minister Modi’s campaign to promote products that are “Made in India,” asserting that Russia also offers a range of domestically produced vehicles. He emphasized that there are no concerns regarding World Trade Organization (WTO) obligations, particularly for state purchases.
Putin suggested creating guidelines for the types of vehicles officials should use, emphasizing the benefits of utilizing Russian-made cars, which offer streamlined logistics.
Benefits of India-Middle East-Europe Economic Corridor (IMEC):
Putin also commented on the India-Middle East-Europe Economic Corridor (IMEC), stating that Russia views it as a project with significant benefits. He noted that the United States, the European Union, Saudi Arabia, and India had joined the initiative.
While acknowledging the late American involvement, Putin stated that he saw limited reasons for the United States to participate, primarily from a business interest perspective. He explained that the IMEC project complements Russia’s North-South project and emphasized its potential to enhance logistics.
Conclusion:
Vladimir Putin’s commendation of India’s ‘Make in India’ initiative underscores the significance of domestic manufacturing and self-reliance in national economies.
India’s focus on promoting domestically produced goods and vehicles has received international recognition, emphasizing the importance of fostering local industries for economic growth and self-sustainability.
