Russian President Vladimir Putin has commended Prime Minister Narendra Modi for his "Make in India" initiative, stating that it has had a significant positive impact on the Indian economy.
Speaking at a forum in Moscow organized by Russia's Agency for Strategic Initiatives (ASI), Putin praised India as a country that encourages companies to develop, manufacture, and assemble products locally.
Putin acknowledged India's successful implementation of the "Make in India" initiative, emphasizing its impressive effect on the Indian economy.
He further suggested that other countries should take note of India's success and emulate similar strategies to promote domestic manufacturing and economic growth.
Putin referred to Prime Minister Modi as a "big friend" and commended the Indian government for creating a model that effectively fosters local manufacturing capabilities and attracts foreign investors.
In addition to applauding India's efforts, Putin also highlighted the importance of providing support tools to help Russian companies market their products more efficiently.
He stressed the need to enhance product design, making them more convenient, functional, and visually appealing.
According to him, industrial and product design should play a crucial role in the development of domestic businesses.
As part of India's renewed emphasis on manufacturing, the "Make in India" campaign was launched globally in September 2014.
Its main objective is to position India as a preferred global manufacturing destination.
The initiative's goal is to integrate India into the global supply chain and help Indian businesses to thrive in a globalised workplace.
To achieve this, the Indian government has implemented various measures to improve the ease of doing business in the country.
Putin's praise for the "Make in India" initiative reflects international recognition of India's efforts to boost domestic manufacturing and promote economic growth.
The initiative has not only attracted foreign investment but also helped create job opportunities and foster innovation in the Indian economy.
