Russian Prez Putin Hails PM Modis Leadership In Providing Stable Conditions For SMEs Through Make In India

President Vladimir Putin praised Prime Minister Narendra Modi's 'India-first' policy and the 'Make in India' initiative and expressed Russia's willingness to establish manufacturing operations in India.

Addressing the 15th VTB Russia Calling Investment Forum in Moscow, President Putin drew parallels between Russia's import substitution programme and India's 'Make in India' initiative.

The two-day forum started in Moscow on Wednesday.

"Prime Minister Modi has a similar programme called Make in India. We are also ready to set up our manufacturing operations in India. The Indian government, under the Prime Minister's leadership, has been creating stable conditions, driven by a policy of putting India first. We believe that investing in India is profitable," the Russian President said.