SME Times News Bureau | 05 Sep, 2019
Prime Minister Narendra Modi on Thursday reiterated
the commitment of the government to build a "new India" which aims at
achieving the target of becoming a $5 trillion economy by 2024.
Addressing the 5th Eastern Economic Forum (EEF)
where he is invited as a chief guest by Russian President Vladimir Putin, Modi
said: "In India also, we are building a new India on the 'mantra' of
'sabka saath sabka vikas'. We are aiming to be $ 5 trillion economy by
Describing his feelings in the peaceful atmosphere of Vladivostok in Russia's
Far East as a pleasant experience, Modi recalled that he was in St. Petersburg
two years ago.
"I am today in Vladivostok. In a way, it's been a trans-Siberian journey
for me as well," he said.
Referring to the close age-old ties between India and Russia's Far East, Modi
said: "The relation between Indian and Far East is very old. India is the
first country which had opened its consulate in Vladivostok."
He recalled the historical relationship of trust between India and Russia and
said that Vladivostok was open to Indians even when there were restrictions on
other foreigners during the Soviet era.
"Several items related to defence and development used to reach India
through Vladivostok. Now, the tree of this participation has been deepening of
its roots today."
That approach, Modi said, has now become a base of happiness and prosperity for
the two nations.
"India has invested here in the field of energy and other natural
resources like diamond. Sakhalin's oil fields are the successful examples of
Modi also paid tributes to the hard work and courage of those living in
Russia's Far East.
Appreciating the vision of President Putin for the welfare for Russia's Far
East, Modi said: "President Putin's attachment for the Far East and his
vision not only have brought new opportunities for this region but also for the
partners of Russia, like India."
"He (Putin) has declared Russian Far East development as 'national
priority' for the 21st century. His holistic approach is to better each sector
of life like economy, education, health, sports, culture and
Modi said that the Russian President not only opened avenues for investment,
but has also given proper attention to other sectors of society.
The Prime Minister said he is also influenced by Putin's vision and mentioned
that "India wants to walk along with Russia in Putin's visionary
"There is a glimpse of love and respect for the people of Vladivostok and
Far East in Putin's vision. We are also trying to achieve our goal of making a
"We are in the process of achieving the goal to make India a $5 trillion
economy by 2024. This is a historic moment to adjoin this region with fast
growing India and its talents."
The Prime Minister also said India had phenomenal preparations for
participating in EEF.
"India's several ministers, four Chief Ministers and around 150 business
leaders have also come here and they have met the President's special envoy, 11
Governors of the Far East and business leaders."
He said Russia's ministers and business leaders have also visited India and
that better results were coming with their efforts.
From energy to health, skill development to mining and timber, Modi said India
and Russia have signed around 50 business agreements.
"With this, we are expecting multiple billion dollars business and
"India is proud of the achievements of the Indian diaspora. I am sure here
in the Russian Far East too the Indian diaspora will make an active
contribution towards the region's progress."
He also noted that the India-Russia friendship is not restricted to
governmental interactions in capital cities. "This is about people and
close business relations."
Modi is on a two-day visit to Russia. On Wednesday, he held bilateral talks