MOSCOW/NEW DELHI: Russian President Vladimir Putin has hailed the 'Make in India' initiative and the policies of Prime Minister Narendra Modi's government, stating that companies are eager to set up manufacturing facilities in India as investments there are profitable.
Speaking at the 15th VTB Investment Forum in Moscow on Wednesday, Putin remarked that the initiative, aimed at boosting manufacturing and attracting foreign investment, has played a key role in strengthening India's position in the global economy.
The 'Make in India' initiative was launched on September 25, 2014, to facilitate investment, foster innovation, build world-class infrastructure, and establish India as a hub for manufacturing, design, and innovation.
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