Thursday, May 06, 2021 | Last Update : 04:03 AM IST

  India   All India  05 Oct 2018  PM Modi invites Russia to set up defence industrial park in India

PM Modi invites Russia to set up defence industrial park in India

PTI
Published : Oct 5, 2018, 7:21 pm IST
Updated : Oct 5, 2018, 7:21 pm IST

PM Modi said the trade between the two nations has risen 20 per cent in 2017-18.

Stating that India is the most open economy in respect to FDI, PM Modi invited Russians to set up a dedicated defence industrial park in the country and take the traditional relationship forward. (Photo: Twitter | ANI)
 Stating that India is the most open economy in respect to FDI, PM Modi invited Russians to set up a dedicated defence industrial park in the country and take the traditional relationship forward. (Photo: Twitter | ANI)

New Delhi: Prime Minister Narendra Modi Friday invited Russia to set up a dedicated defence industrial park in India as he looked to expand ties with New Delhi's traditional ally.

Speaking at a business meeting where visiting Russian President Vladimir Putin was also present, PM Modi said the trade between the two nations has risen 20 per cent in 2017-18.

 

Stating that India is the most open economy in respect to FDI (foreign direct investment), he invited Russians to set up a dedicated defence industrial park in the country and take the traditional relationship forward.

"We are committed to building a new India. We have to do this as early as possible," he said.

Listing vast business opportunities in India, he said India is modernising its ports under Sagarmala project, building metro rail projects in 50 cities, expanding rail and road network and modernising airports.

Tags: pm modi, russian president, vladimir putin
Location: India, Delhi, New Delhi