Mumbai: In another development, Prime Minister Narendra Modi announced a line of credit worth USD one billion for development of Russia”>Russia’s Far East region saying it will give a boost to India’s economic diplomacy.
“For the development of the Far East, India will give a line of credit worth USD 1 billion. My govt has actively engaged with East Asia as part of its ‘Act East’ policy. This will also give a new dimension to our economic diplomacy,” he said addressing the plenary session of the 5th Eastern Economic Forum here.
Modi spoke as the chief guest on stage at the invitation of President Vladimir Putin, and the event was also attended by Japanese Prime Minister Shinzo Abe and Mongolian President Katalmagin Bulaga.
He stressed that during bilateral relations with Russia “> Russian President Vladimir Putin, a day before, both sides have set ambitious goals to increase Indo-Russia”> Russia bilateral relations.
“We have given new dimensions to the relationship between the two countries. India and Russia”> Government participation is not banned in Russia’s capital cities. It is about people and close business relationships. India-Russia “> Russia’s cooperation in military and military-technical fields is a pillar of their bilateral special and privileged strategic partnership,” Modi said.
The Prime Minister acknowledged that India is proud of the achievements of Indian diaspora. “I’m sure here in Russia”> The Russian Far East will also contribute actively to the progress of the Indian diaspora. At the core of Indian culture is to reconcile with nature.
Referring to the proposed sea route between Chennai and Vladivostok, he said that this would increase maritime cooperation between the two countries.
Modi said that New Delhi is working towards building a new India on the mantra of ‘Sabka Saath, Sabka Vikas’, in which “we are aiming for a five trillion dollar economy by 2024.”
(With ANI Inputs)
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