PM Modi's Rus­sia Visit Rede­fines Indo-Rus­sian Re­la­tions

FICCI Business Digest - - Policy Monitor -

17 May 2018

Prime Min­is­ter Naren­dra Modi's re­cent visit to Rus­sia at the in­vi­ta­tion of Vladimir Putin, Pres­i­dent of the Rus­sian Fed­er­a­tion, for an in­for­mal sum­mit in the city of Sochi, is path-defin­ing in In­doRus­sian re­la­tions in the back­drop of China's in­creas­ing global clout and pro­tec­tion­ist ap­proach ef­fected by the US in re­cent times.

The sum­mit, coming soon af­ter the re­cent suc­cess­ful en­gage­ment between PM Modi and Chi­nese Pres­i­dent Xi Jin­ping in April 2018, rec­og­nizes and un­der­lines the ris­ing author­ity of In­dia as an eco­nomic and global force to reckon with, says FICCI.

FICCI sees the visit as an as­tute step to cul­ti­vate and nur­ture In­dia's geo-strate­gic and eco­nomic in­ter­ests with the all im­por­tant global pow­ers. Rus­sia, with proven tech­no­log­i­cal prow­ess across sec­tors, is ide­ally placed to part­ner with In­dia to re­al­ize the hith­erto un­ex­plored busi­ness and in­vest­ment op­por­tu­ni­ties.

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