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‘ACT FAR EAST’ POLICY PM UNVEILS ‘ACT FAR EAST’ POLICY Why in News? In the presence of Russian President Vladimir Putin, Prime Minister Narendra Modi unveiled the ‘Act Far East’ policy to boost India’s engagement with the Russian region, at the plenary session of the Fifth Eastern Economic Forum (EEF). Background: PM Narendra Modi was in Russia as the chief guest of the 5th Eastern Economic Forum. It is an international forum held each year in Vladivostok, Russia, for the purpose of encouraging foreign investment in the Russian Far East. Modi is the first Indian prime minister to visit to the Russian Far East Region. Highlights: India concluded around 50 agreements worth $5 billion at the EEF-2019. PM announced a $1 billion line of credit for the development of the resource-rich region. Modi appreciated Mr. Putin’s vision for the welfare for Russia’s Far East, saying the President had opened up investment opportunities for India in the region. India’s conne