Home » International » India announced a line of credit worth one Billion US dollars for the development of the Far East region of Russia.
Vladivostok: Prime Minister Narendra Modi addresses at the plenary session of 5th Eastern Economic Forum (EEF), at Vladivostok, in Russia, Thursday, Sept 5, 2019. (PIB/PTI Photo) (PTI9_5_2019_000098B)
Vladivostok: Prime Minister Narendra Modi addresses at the plenary session of 5th Eastern Economic Forum (EEF), at Vladivostok, in Russia, Thursday, Sept 5, 2019. (PIB/PTI Photo) (PTI9_5_2019_000098B)

India announced a line of credit worth one Billion US dollars for the development of the Far East region of Russia.

Russia:5/9/19:India today announced a line of credit worth one Billion US dollars for the development of the Far East region of Russia.
Addressing the Plenary Session of 5th Eastern Economic Forum, EEF, in Vladivostok this evening, Prime Minister Narendra Modi said this announcement will prove to be a take-off point for India’s ‘Act Far East’ policy.

The Prime Minister said with the start of the proposed Vladivostok- Chennai sea route, the relations of both countries will be further strengthened. Mr Modi said, the relation between India & the Far East is age-old as India is the first country which opened its consulate in Vladivostok.
Mr. Modi said, India and Russia have taken their relations beyond the boundaries of government ties to people-to-people cooperation. He expressed happiness at the signing of more than 50 business agreement in Voldivostok at EEF platform.
Responding to a question on the issue of environmental conservation, the Prime Minister said, India is working for solar power production and looking at the possibility of turning India into a battery making hub.
He said, efficient battery production will not only be helpful for e-vehicles but it will also open the door for clean cooking in more than 250 million families in India.

The Prime Minister thanked Russian President Vladimir Putin for inviting him as the chief guest of EEF for his love for India.
Later, Mr Modi visited the annual International Jigoro Kano Judo Tournament, the main sporting event of the Eastern Economic Forum. Russian President Vladimir Putin accompanied the Prime Minister.
Earlier in the day, the Prime Minister visited the India Business Pavilion at the Eastern Economic Forum and launched the Indo-Russian Innovation Bridge, an online platform to promote joint innovations. This facility is meant to bridge the gap between Indian and Russian startup ecosystems.

Earlier today, the Prime Minister held bilateral meetings with the Prime Ministers of Japan and Malaysia and Mangolian President on the margins of EEF. Briefing newspersons, Foreign Secretary Vijaya Gokhale said both Mr Modi and Japanese Prime Minister Shinzo Abe stressed the importance of bilateral cooperation on economic matters and people to people contacts in the Indo-Pacific region.
The Foreign Secretary said both leaders decided to hold the first 2 plus 2 ministerial meetings of Foreign and Defence ministers of both the countries ahead of the annual bilateral summit in New Delhi in December this year.
The Prime Minister called on Malaysian Prime Minister Dr Mahathir bin Mohammad and Mongolian President Khaltmaagiin Battulga.
On the first day of his visit, the Prime Minister participated in the 20th Indian-Russia annual summit followed by a joint statement with Vladimir Putin. The two countries signed 15 agreements of mutual co-operation and both expressed satisfaction over the outcome of the summit.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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