India will be economic superpower by 2024: PM Modi

An account of how Prime Minister Narendra Modi is making the most for India out of his Russia visit on the economic as well as strategic front

India will be economic superpower by 2024: PM Modi

Vladivostok, Russia: Prime Minister Narendra Modi on Thursday, the last day of his Russia tour, vowed to make India an economic superpower on the platform of the 5th Eastern Economic Forum (EEF). Addressing the forum, he said, “India is moving forward with the support of all, development of all and confidence of all. India is moving towards becoming a $ 5 trillion economy. By 2024, India will achieve this milestone.

Economy of India: Speed ​​of development accelerated

Modi said, “If India and Russia join hands, there is a chance to accelerate the pace of development in a way as though 1 plus 1 were 11.”

PM of India was invited before Lok Sabha election

“President Putin invited me for this event before the election in India. About 130 crore people of the country have reposed trust in me. I got a chance to know Russia’s talent with President Putin. I am very impressed by this. The relationship between India and the eastern parts of Russia is quite old; India is the first country to open its embassy here.”

India-Russia bilateral talks

PM Modi held bilateral talks and signed several agreements with Russian President Vladimir Putin on the first day of the visit on Wednesday. He told Putin about India’s position on Kashmir.

The prime minister thanked Putin for his support to India on Kashmir and explained the rationale behind the recent decision on Article 370. Modi made Putin aware also of the false and misleading propaganda being carried out by Pakistan.

Modi to grace Eastern Economic Forum as chief guest

Prime Minister Modi will observe the EEF as the chief guest today. Modi is the first Indian prime minister to visit the far eastern region of Russia.

14 major agreements signed: Economic, strategic

Along with the talks, 14 major agreements were signed between India and Russia today. Five of the agreements relate to the energy sector. One of the agreements deals with LNG imports that could make India the largest buyer of LNG originating from Russia’s far eastern region.

In addition, Russian gas producer Novatec is ready to invest in three LNG terminals to be built in India. In the official talks between the two countries figured large investment in Russia’s oil and gas sector by India. According to foreign secretary Vijay Gokhale, there may be a big announcement in this context soon.

While oil and gas is a strategically significant investment, as much as it is economic, Sirf News had reported yesterday, how the prime minister led the country to signing an agreement with Russia also to manufacture defence equipment of that country.

Vladivostok important for both countries

The prime minister said that the India-Russia relations were strong even during the Soviet Union. Vladivostok had become an important place for both countries, he said, adding that India had invested in the energy sector and other industries here.

Modi said that Putin had a lot of interest in the remote part of Russia, which is reflected in his policy. The prime minister said that India wanted to cooperate with Russia in every step.

11 governors invited to visit India

The prime minister said that all 11 governors of this eastern part of Russia had been invited to come to India. “Today, the relationship between the two countries is at a historic stage. India and Russia together will cross the distances of space and measure the depths of the sea. Ships will run between Chennai and Vladivostok soon,” he said.

Asia Pacific to have huge impact on world

President Putin said that countries like India, China, Korea, Malaysia, Japan, Mongolia had had unbreakable relations with Russia. “The countries of the Asia Pacific region will have a major impact on the world in the coming decades,” he said.

At the event held in Vladivostok, the prime ministers of Japan, Maldives, Malaysia also were present.

Indian Business Pavilion

Earlier, the prime minister visited the Indian Business Pavilion here. He inaugurated the Indo-Russian Innovation Bridge. Significantly, India is not a part of this forum, but Prime Minister Modi is taking part in it on the special invitation of President Vladimir Putin.

Earlier, Modi met with Japanese Prime Minister Shinzo Abe, Malaysian Prime Minister Mahathir Mohammed and Mongolia President Khaltamagin Battulaga.

Modi will be conferred with Russia’s highest civilian honour, Order of St Andrew Apostle, today. This was announced in April this year.

Punjab’s fireworks factory expresses sorrow over blast

Modi, while in Russia, expressed grief over the explosion in the fireworks factory in Batala city of Punjab. He said that the accident was heart-wrenching. “My condolences to the families of the people who lost their lives in this painful accident. I hope the injured recover soon.”

What about extradition of Zakir Naik?

Prime Minister Modi met with Prime Minister of Malaysia Mahathir Mohammed and the President of Mongolia Khaltmaagiin Battulga. During the meeting with the Prime Minister of Malaysia, Modi discussed ways to diversify India-Malaysia cooperation for the benefit of the people of both countries.

Prime Minister Modi raised the issue of extradition of rabble-rousing Islamic preacher Zakir Naik. There is no information so far about Mahathir Mohammed’s response.

Cementing ties with Japan further

Earlier today, Modi met with Japanese Prime Minister Shinzo Abe. The Prime Minister’s Office (PMO) gave information about the meeting via tweets. The PMO said in a tweet that in today’s meeting many topics were discussed. The meeting took place after the talks between the two leaders at the G-20 summit in Osaka and the G7 in Biarritz.