Russian President Vladimir Putin praised India for creating stable conditions for small and medium-sized enterprises (SMEs), drawing a comparison between India’s "Make in India" initiative and Russia’s import substitution programme. Putin expressed Russia's interest in establishing manufacturing facilities in India and emphasized the profitability of investing there. He highlighted the success of Russian brands replacing Western ones in sectors like consumer goods, IT, high-tech, and agriculture. Putin also stressed the importance of stronger Brics cooperation to support SME growth and called for member nations to evaluate key collaboration areas at the upcoming Brics summit in Brazil next year.
first published: Dec 5, 2024 03:12 pm
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