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Russian President Vladimir Putin has praised India and Prime Minister Narendra Modi. Speaking at an investment forum in Moscow, Putin said India has maintained a stable position of small and medium scale (SMEs) industries.
While praising, Putin compared India's Make in India program with Russia's import substitute program.
Putin said-
Prime Minister Modi has a similar program called Make in India. We are also ready to set up our manufacturing plants in India. The Prime Minister and Government of India are creating stable conditions and this is because the Indian leadership is following the policy of India First and we believe that investing in India is beneficial.
Apart from this, Putin also talked about the importance of his import substitute program in BRICS countries. He said that there is a need to create a system for the development of small and medium scale industries and resolution of disputes in BRICS countries.
Modi also praised India in BRICS summit
In the recent BRICS summit held in Kazan, Putin also praised India's growing economy. Putin had said that other countries talk about good economic growth, but India has been achieving it continuously for a long time.
Putin had also praised India's Make in India program at the Eastern Economic Forum (EEF) a year ago. He had said that PM Modi is doing good work to promote Make in India program.
He said that Russia should use cars made locally. In this matter, India has set an example under the leadership of PM Modi. Putin had said that earlier we did not have cars made in our country, but now we do. It's true that they look less good than Audi and Mercedes, but that's not a problem. We should use Russian made vehicles.
We should follow our ally country India. They are making and using vehicles in the country itself. We should decide which class of officers can drive which cars, so that they will use domestic cars.
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