Russian President Vladimir Putin highlighted strengthening economic and strategic ties with India and backed the Make in India initiative amid pressure by the US on New Delhi to suspend trade with Moscow.
Addressing the India-Russia Business Forum in New Delhi, Putin highlighted the adoption of a new document aimed at expanding India-Russia economic cooperation and said Russian businesses are ready to increase purchases from India across a wide range of goods and services. Putin assured that Russia will support all such initiatives.
Praised India’s Sovereign Policy
He also praised India’s independent and sovereign policy under Prime Minister Narendra Modi, noting that the Indian economy is among the fastest-growing in the world. Putin highlighted initiatives such as the Make in India program and said India is becoming technologically self-reliant, with its IT and pharmaceutical sectors achieving global leadership.
Relation Goes Beyond Energy Contract
Addressing the forum, Putin added that the Russian delegation’s focus goes beyond energy contracts for oil and gas. He said both countries aim to develop multifaceted relations in various fields, noting that while India has vast and growing opportunities, they have not yet been fully utilized. This, he said, was the key reason for convening the business forum.
He further added that, the Indian economy is one of the fastest-growing economies in the world. Thanks to the sound economic policy and landmark initiative by PM Modi as the Make in India program, India is becoming technologically sovereign. India’s IT and pharmaceutical sectors take a leading position in the world.”
