Celebrating India’s ‘Make in India’ Initiative and Putin’s Support for the India-Middle East-Europe Economic Corridor in 2023

Putin Praises India’s “Make in India” Initiative and Welcomes India-Middle East-Europe Economic Corridor

Russian President Vladimir Putin recently praised India’s “Make in India” initiative and reaffirmed his admiration for the nation’s decisions under Prime Minister Narendra Modi in a speech at the 8th Eastern Economic Forum (EEF). Putin also hailed the construction of the India-Middle East-Europe Economic Corridor (IMEC) as one that would be advantageous to all involved.

“Make in India” Program Gains Recognition

President Putin emphasized the value of locally produced goods during his speech and praised India for its dedication to promoting the use of automobiles built in India. While Russian-made automobiles could appear less extravagant in comparison to luxury brands like Benz or Audi, he said, it is important to concentrate on promoting the home industry. Putin praised Prime Minister Modi for his commitment to the “Make in India” initiative, stating that he believes it to be a step in the right direction.

Support for the India-Middle East-Europe Economic Corridor

In his comments on the India-Middle East-Europe Economic Corridor, President Putin expressed Russia’s readiness to collaborate economically with India and the other participants. He emphasized his conviction that the corridor development would be advantageous to all parties concerned and would advance logistics in the area. Particularly, this project had been discussed for a while prior to the Memorandum of Understanding (MoU) that was signed in New Delhi at the G20 Summit

The Importance of Putin’s Comments

The “Make in India” program and the India-Middle East-Europe Economic Corridor are also initiatives that President Putin has praised, emphasizing the value of international collaboration in today’s interconnected world. These statements demonstrate a shared commitment to advancing domestic sectors, encouraging economic growth, and fortifying international relations.

These comments indicate the deepening relationship between the two countries and the possibility of future financial and diplomatic collaboration as India and Russia look into opportunities for cooperation in numerous fields.

Article By Deby T

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