Prime Minister Narendra Modi Friday invited Russia to set up a dedicated defence industrial park in India as he looked to expand ties with New Delhi's traditional ally. Speaking at a business meeting where visiting Russian President Vladimir Putin was also present, Modi said the trade between the two nations has risen 20 per cent in 2017-18.

Stating that India is the most open economy in respect to FDI, he invited Russians to set up a dedicated defence industrial park in the country and take the traditional relationship forward. "We are committed to building a new India.