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

Narendra Modi/Agency Photo

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, 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, 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. PTI RR ANZ MR

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever