Russian President Putin Praises Make In India Policy For Automakers

Russian President, Vladimir Putin, has praised the Indian government’s Make-In-India policy and how it has helped shaped the automobile industry in the country. According to a report, Putin said that PM Modi is just doing the "right thing" in promoting the Make in India programme. He made the remarks while speaking at the 8th Eastern Economic Forum (EEF) in response to a media query on Russian-made cars.

The Indian government has gone big on the Make-In-India policy for the manufacturing sector and the automobile industry has responded well. In the Financial year the automotive industry produced a total of 25 million vehicles a big step up from 23 million during the same period in FY21-22. The Production Linked Incentive scheme too has helped many of the companies join in to produce in India.

According to the report, Putin said, "You know, we did not have domestically made cars then, but we do now. It is true that they look more modest than Mercedes or Audi cars, which we bought in vast amounts in the 1990s, but this is not an issue. I think that we should emulate many of our partners, for example, India. They are focused on the manufacture and use of Indian-made vehicles. I think that Prime Minister Modi is doing the right thing in promoting the Make in India programme. He is right."

With more automakers aligning their future product launches by making India the production hub, the country looks poised to improve its export numbers.