Vladivostok, Sep 5 (TIWN) Sharing the dais with Russian President Vladimir Putin and leaders of other countries, Prime Minister Narendra Modi on Thursday spoke of building a "new India" which aims at achieving the target of becoming a $5 trillion economy by 2024.

According to a joint statement, the two countries expressed their commitment to upgrading their defense cooperation, including by fostering joint development and production of military equipment, components and spare parts, improve the after-sales service system.