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India-Russia ties have grown stronger and deeper over time, says PM

Prime Minister Narendra Modi spoke at the plenary session of St Petersburg International Economic Forum on Friday.

india Updated: Jun 02, 2017 18:47 IST
HT Correspondent
Prime Minister Narendra Modi and Russian President Vladimir Putin talk to each other as they walk near the Constantine (Konstantinovsky) Palace at the St. Petersburg International Economic Forum in St. Petersburg, Russia.
Prime Minister Narendra Modi and Russian President Vladimir Putin talk to each other as they walk near the Constantine (Konstantinovsky) Palace at the St. Petersburg International Economic Forum in St. Petersburg, Russia.(AP Photo)

Prime Minister Narendra Modi was on Friday addressing the plenary session of the St Petersburg International Economic Forum.

Before the address, Modi visited the Institute of Oriental Manuscripts in St. Petersburg, where some of India’s historical and holy manuscripts are kept.

Here are live updates on Modi’s visit:

-- 125 crore people of India are inviting you- explore the opportunities in India: Modi

-- In India there is lot of work underway in renewable energy: Modi

-- I see immense opportunities in manufacturing healthcare equipment, defence sector, services sector: Modi

-- In India, sky is the limit. There are opportunities in several sectors: Modi

-- Number of people who travel by train in India will be more than population of many nations. Hence, railway infra is vital: Modi

-- India is urbanising rapidly and this makes the need of infrastructure and waste management mechanisms even more important: Modi

-- In India, we are nurturing an eco-system where the youth of India becomes a job creator, not job seeker: Modi

-- New India is about upgraded infrastructure: Modi

-- It is also agreed that among the top FDI destinations in the world, India figures highly: Modi

-- India is a fast growing economy - this is a sentiment leading global agencies are reflecting: Modi

--We have removed over 1,200 laws that are obsolete in today’s context. This is a manifestation of our belief in ‘minimum government’: Modi

--Our constant aim is to bridge the digital divide. Over the last three years the impetus to financial inclusion has been tremendous: Modi

--We are living in the era of technology. In that context, a digital divide can adversely affect the development trajectory of any nation: Modi

--GST will be implemented and there will be a uniform system of taxation. This will benefit industry: Modi

-- Political will, political stability and clear vision set the tone for transformative reforms: Modi

-- In the last three years there have been substantial reforms, guided by the principle of ‘Minimum Government, Maximum Governance’

-- The eyes of the world are on Asia and there is renewed interest in India

-- India- Russia ties are not utilitarian. There is an underlying trust in our ties and our ties have grown stronger and deeper over time

-- At a time when we mark 70 years of strong ties with Russia, I am happy to be here among you

-- I want to specially thank President Putin for inviting me to this forum, that too in his homeland

5.29pm: PM Modi is speaking at Plenary Session of St Petersburg International Economic Forum.