Russian President Vladimir Putin has lauded Prime Minister Narendra Modi-led government for its efforts in creating stable conditions for small and medium-sized enterprises (SMEs) in India.
Addressing the Investment Forum in Moscow yesterday, Mr Putin also highlighted India’s economic initiatives, particularly the Make in India initiative while drawing its similarities with Russia’s import substitution program.
President Putin noted that India’s leadership focused on a policy of prioritizing its interests and expressed Russia’s readiness to establish manufacturing operations in India. Mr Putin also called for enhanced collaboration among BRICS nations for the growth of SMEs. He urged member nations to assess key areas for partnerships during the upcoming summit in Brazil next year.
