PRIME MINISTER NARENDRA MODI: “Our strong partnership is complemented by a desire to promote a multi-polar world and the two countries closely cooperate towards this end in regional and multilateral fora. I look forward to discussing with my friend President Putin the entire gamut of our bilateral partnership as well as regional and international issues of mutual interest
Prime Minister Narendra Modi arrived at Vladivostok on Wednesday on a two-day visit during which he will attend the annual Eastern Economic Forum (EEF) and hold bilateral Summit with Russian President Vladimir Putin.
Modi will be the chief guest of the fifth EEF and he will also take part in the 20th India-Russia Annual Summit with President Putin.
“My visit to the Far East Region of Russia, the first by an Indian Prime Minister, underlines the desire on the both sides to diversify and further strengthen the bonds of our robust bilateral relations,” wrote Modi before leaving to Russia.
He said that the two countries enjoyed excellent relations, based on the strong foundation of their special and privileged strategic partnership. “Both countries cooperate extensively in the strategic fields of defence, civil nuclear energy and peaceful uses of space. We have robust and growing trade and investment relations,” he added.
“Our strong partnership is complemented by a desire to promote a multi-polar world and the two countries closely cooperate towards this end in regional and multilateral fora. I look forward to discussing with my friend President Putin the entire gamut of our bilateral partnership as well as regional and international issues of mutual interest,” the prime minister said.
Modi and Putin will then visit one of Russia’s major shipbuilding yards. “In Russia, there would also be a visit to the Zvezda ship-building complex. It would present a great opportunity to learn about Russia’s exemplary capabilities in the ship-building sector as well as explore possibilities of cooperation in this area,” Modi tweeted.
An agreement was previously reached during a business delegation’s visit to Vladivostok to triple trade turnover between the two countries and increase it to $30 billion by 2025
There is also a possibility of the PM holding bilateral meetings with leaders attending the EEF meeting. “The Forum focuses on development of business and investment opportunities in the Russian Far East Region,” he said.
Before the Prime Minister departs on Thursday, Modi and Putin will attend a major judo championship.
India pavilion at EEF
India will have its own pavilion at the Eastern Economic Forum (EEF) 2019 to serve as a platform to demonstrate investment opportunities in Russia’s Far East, promote Indian investments in the region, and attract Russian investors to the growing economy of India.
The pavilion will be called the ‘India Lounge’.
India’s GDP is expected to exceed $3 trillion this year to become one of the five largest economies in the world.
Due to initiatives carried out by the Narendra Modi government to facilitate business, India has been included in the list of the top ten leading countries in the World Bank’s ease of doing business index two years in a row. India has the status of a guest country at the EEF 2019.
An agreement was previously reached during a business delegation’s visit to Vladivostok to triple trade turnover between the two countries and increase it to $30 billion by 2025.
The key to achieving this goal is to identify new opportunities to increase trade, which, in particular, will be facilitated by the India Lounge. The 5th Eastern Economic Forum will take place in Vladivostok from Wednesday till Friday.
The Eastern Economic Forum is held annually with the objective of facilitating the accelerated development of the Russian Far East’s economy and expanding international cooperation in the Asia-Pacific region.
The event is organised by Roscongress Foundation, a socially oriented non-financial development institution and a major organiser of international conventions, exhibitions, and public events. IANS is the media partner at the event.