Putin praises Modi's policies and announces Russia's plans for manufacturing in India

Russian President Vladimir Putin praised India's "Make in India" initiative at the VTB Investment Forum, expressing Russia's readiness to establish manufacturing operations in India. He highlighted the alignment of Russia's import substitution program with India's national-centric policies. Putin commended Prime Minister Modi for creating a stable environment for investment, noting that these efforts have strengthened India's global economic position. He emphasized the importance of enhancing collaboration among BRICS nations to support small and medium-sized enterprises. Additionally, Putin mentioned a recent $20 billion investment by Russian oil producer Rosneft in India. He called for BRICS members to identify key areas for partnership at the upcoming summit in Brazil.