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PM Narendra Modi condoles the loss of lives in the terrorist attack on a civilian Russian aircraft
PM Modi appreciates India-Russia strategic partnership in in defence, development and diplomacy
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Your Excellency President Vladimir Putin,
Members the Media,

Let me begin by expressing my deepest condolences on the loss of lives in the terrorist attack on a civilian Russian aircraft and in the unfortunate downing of the military jet in Syria. In this moment of grief and challenge, we stand in solidarity with the people of Russia.

Mr. President, thank you for generous and warm hospitality. You are the architect of the India-Russia strategic partnership. And, in a changing world, your leadership has kept our relations on a steady course of progress and growth.

Mr. President, I have always had great respect and appreciation for our strategic partnership. It has been a source of strength and success for India in defence, development and diplomacy. And, there is genuine goodwill and mutual respect between our people.

As I look to the future, I see Russia as a significant partner in India’s economic transformation and in shaping a balanced, stable, inclusive and a multi-polar world.

We have had excellent conversations over the past two days and very productive outcomes.

It has deepened my conviction that this relationship truly meets the test of a special and privileged strategic partnership.

We have laid the foundation of the future character of this strategic partnership.

The Inter-Governmental Agreement on manufacture of Kamov 226 helicopter in India is the first project for a major defence platform under the Make in India mission. It is rightly with our most important defence partner.

We have made progress on a number of other defence proposals. These would boost defence manufacturing in India and India's defence readiness with next generation equipment.

The pace of our cooperation in nuclear energy is increasing. We are making progress on our plans for twelve Russian nuclear reactors at two sites. The agreement today will increase Indian manufacturing content in these reactors. It supports my mission of Make in India. I thank President Putin for his support.

With one of the world’s largest reserves of hydrocarbons, Russia can be a critical source of energy security for India, especially because of our strategic partnership. With President Putin's support, we are enlarging Indian investments in Russian hydrocarbon sector.

President Putin and I are moving creatively in expanding our economic relations. Following our last Summit, India has created a special notified zone to facilitate direct trade between the world’s largest uncut diamond exporter, Russia, and India, which processes 90% of the world’s uncut diamond.

Second, we are working on logistics. Our Green Corridor project has taken off. The International North South Transit Corridor through Iran will significantly reduce transportation time and cost.

Third, we are moving forward on the India-Eurasian Economic Union Free Trade Agreement. This will also benefit us in Central Asia.

Fourth, we are encouraging our private sector to connect with each other more. We have just had an excellent meeting of CEO Forum. The agreements and the announcements today give me confidence that we will see huge increase in investments and trade in both directions.

President Putin and I have a high degree of convergence in our positions on global issues and a strong commitment to deepen our international cooperation.

We have strong collaboration in the United Nations. Our membership of BRICS, East Asia Summit, G20 and now Shanghai Cooperation Organisation gives our partnership a global character. It is particularly important in the arc from Eurasia to Asia Pacific, including in Central Asia and Afghanistan.

We are one in our belief that the world must unite and take concerted action on combating terrorism, without distinction and discrimination between terrorist groups and target countries.

We agree that an early political settlement through dialogue in West Asia is essential for restoring stability and containing extremism in the region.

Indeed, all nations must come together, with sensitivity to each other, to address the challenges of our times.

I am very pleased to have deepened my association with President Putin. Together, we have also given new direction and added more momentum and content to our strategic partnership.

Just as I have had the pleasure of visiting Russia twice this year, I look forward to welcoming President Putin in India next year for the BRICS Summit as well as the Annual Summit.

Thank you.

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PM’s address at the foundation stone laying ceremony of Vanijya Bhawan
June 22, 2018
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The Prime Minister, Shri Narendra Modi, today laid the foundation stone for Vanijya Bhawan, a new office complex for the Union Government’s Department of Commerce, at New Delhi.

The Prime Minister expressed confidence that the building will be completed well within the stipulated time. He emphasized that this would be in keeping with the spirit of New India, and moving away from old practices, under which important building projects, even in the Capital, had been inordinately delayed. In this context, he mentioned the Dr. Ambedkar International Centre, the Dr. Ambedkar National Memorial, the Pravasi Bharatiya Kendra and the new office building for the Central Information Commission.

He said that this is also the result of breaking silos within the working of the Government. He hoped that the new office building – Vanijya Bhawan – would further facilitate elimination of silos in India’s commerce sector. Speaking about the country’s demographic dividend, the Prime Minister said that it is our collective responsibility to fulfil the aspirations of our youth.

Talking of adoption of digital technology, the Prime Minister remarked that the land on which the new building is being constructed, was earlier occupied by the Directorate General of Supplies and Disposal. This has now been replaced by the Government e-Marketplace (GeM), which has seen transactions worth Rs. 8700 crore in a short time, he added. He urged the Department of Commerce to work towards further expansion of GeM, and leverage it for the benefit of the country’s MSME sector. He also spoke of the benefits of GST, and said the Union Government is making constant efforts to create a people-friendly, development-friendly and investment-friendly environment.

The Prime Minister mentioned various macro-economic parameters, and other indicators to explain how the India is now playing an important role in the global economy. He said India is now among the top five fin-tech countries, globally. He said subjects such as “Ease of Trading,” and “Ease of Doing Business,” are all related to “Ease of Living” in an interconnected world.

The Prime Minister emphasized the need for an increase in exports, and said that States must be made active partners in this effort. He said the Department of Commerce must resolve to raise India’s share in total global exports to at least 3.4 percent, from the current 1.6 percent. Similarly he said, efforts must be made to raise domestic manufacturing output, to reduce imports. In this context, he gave the example of electronics manufacturing. He said the Union Government has taken a number of steps to boost domestic manufacturing.