Vladivostok: Prime Minister, Narendra Modi, today, extended a credit worth $1 billion to Russia as part of its investment for the Far East region. He made the announcement while addressing the 5th Eastern Economic Forum (EEF) in Russia’s Vladivostok.
India is the Chief Guest at the EEF and shows how much Russia wishes Indian participation in the Far East of the country where Indian involvement is less.
During his address at the plenary session, Modi said, “For the development of Far East, India will give a line of credit worth $1 billion. My government has actively engaged with East Asia as part of its ‘Act East’ policy. This will also give a new dimension to our economic diplomacy.
Modi also thanked Vladimir Putin for inviting him to the EEF and said that the discussion at the forum will bring welfare to Far East and also to entire mankind.
Prime Minister also reminded that India is the first country to open its consulate in Vladivostok and said that the city was open for Indians even when restrictions were there on foreigners.
