Monday, December 29, 2025
ADVT 
India

Modi pushes for increased economic engagement with ASEAN

Darpan News Desk IANS, 12 Nov, 2014 11:12 AM
  • Modi pushes for increased economic engagement with ASEAN
Indian Prime Minister Narendra Modi Wednesday met a host of Southeast Asian leaders as he made a major push to increase economic engagement between India and the 10-member ASEAN and said his government places equal emphasis on ease of doing business in India as well as on making policies attractive.
 
Modi met his Thai and Malaysian counterparts, Prayut Chan-o-cha and Najib Tun Razak, as well as Sultan of Brunei Hassanal Bolkiah and Singapore Prime Minister Lee Hsien Loong.
 
In his separate meetings with the four ASEAN leaders, Modi spoke about the 'Make in India' campaign launched to attract business to India and discussed possibilities of economic cooperation with them.
 
He also met Myanmar opposition leader Aung San Suu Kyi.
 
In his maiden speech at the ASEAN-India Summit here, Modi said there will be major improvement in India's trade policy and environment and his government would move ahead with connectivity projects with ASEAN "with speed".
 
Modi said his government was laying stress on infrastructure, manufacturing, trade, agriculture, skill development, urban renewal and smart cities.
 
"Make in India is a new mission. I invite you to this new environment in India. Indian companies are also keen to invest in and trade with ASEAN," he said.
 
He suggested that a review be conducted of the India-ASEAN Free Trade Agreement on goods to improve it further and make it beneficial to all.
 
Modi appealed that the FTA on Services and Investment, which still awaits inking, "be brought into force at the earliest".
 
He said to deepen connectivity with ASEAN, a special purpose vehicle is proposed to be set up to facilitate financing and quick implementation of projects.
 
He invited the ASEAN block to "come and participate in building India's 100 smart cities and renewal of 500 cities".
 
Modi also said both sides should move quickly towards mutual recognition of degrees, a major stumbling block in the inking of the FTA on goods and services.
 
Referring to the Regional Comprehensive Economic Partnership Agreement, which is being negotiated, Modi said it can become a springboard for economic integration and prosperity in the region.
 
He also referred to the issue of maritime trade and passage, a touchy subject especially in context of China's growing assertiveness over the South China Sea, and said that everyone has the responsibility to follow international law and norms on maritime issues, as is done in the realm of air passage.
 
"In future, we will also need this in space," he said.
 
On the South China Sea, he said that for peace and stability, everyone should follow international norms and law and hoped the Code of Conduct on South China Sea can be concluded soon on the basis of consensus.
 
At a dinner gala in the evening, Modi and US President Barack Obama shook hands and Obama called him a "man of action".
 
Modi held a bilateral meeting with Myanmarese President Thein Sein Tuesday after his arrival.
 
He is on a three-nation 10-day visit to Myanmar, Australia and Fiji. He is to attend the East Asia Summit Thursday and also hold a bilateral with Chinese Prime Minister Li Keqiang besides several other meetings on the sidelines with other leaders.
 
The ASEAN members are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, Philippines and Vietnam.

MORE India ARTICLES

History will be made Monday as Narendrabhai Damodardas Modi takes oath

History will be made Monday as Narendrabhai Damodardas Modi takes oath
It would be history in the making, in more senses than one. A man who once helped his family make ends meet by vending tea at a railway station in between his classes, and who once wandered around the country to find his spiritual moorings, will take his oath as India's 14th prime minister

History will be made Monday as Narendrabhai Damodardas Modi takes oath

Shazia Ilmi, Capt.Gopinath quit AAP, hit out at Arvind Kejriwal

Shazia Ilmi, Capt.Gopinath quit AAP, hit out at Arvind Kejriwal
 In a double whammy for the Aam Aadmi Party, two of its key leaders - Shazia Ilmi and G.R. Gopinath - Saturday quit the party and lashed out at its chief Arvind Kejriwal's policies and attitude.

Shazia Ilmi, Capt.Gopinath quit AAP, hit out at Arvind Kejriwal

Sonia asks partymen not to bicker in public, learn lessons from rout

Sonia asks partymen not to bicker in public, learn lessons from rout
Congress president Sonia Gandhi, re-elected chairperson of Congress Parliamentary Party (CPP)Saturday, asked party leaders not to indulge in "public acrimony" over the party's worst Lok Sabha results for which appropriate lessons need to be learnt.

Sonia asks partymen not to bicker in public, learn lessons from rout

India's Muslims welcome Modi's gesture to Pakistan

India's Muslims welcome Modi's gesture to Pakistan
India’s Prime Minister-designate Narendra Modi’s gesture of inviting Pakistan Prime Minister Nawaz Sharif to his swearing-in ceremony has raised hopes of a long-lasting peace between the arch rivals among Muslims of this country.

India's Muslims welcome Modi's gesture to Pakistan

Modi's gestures: Willingness to make a new beginnin

Modi's gestures: Willingness to make a new beginnin
There are indications that Modi may move rapidly in the matter of concluding a treaty on the Teesta river waters with Bangladesh which was blocked by West Bengal Chief Minister Mamata Banerjee during the Manmohan Singh government's tenure.

Modi's gestures: Willingness to make a new beginnin

Mamata not to attend Modi's swearing-in

Mamata not to attend Modi's swearing-in
West Bengal Chief Minister Mamata Banerjee will stay away from the swearing-in ceremony of Narendra Modi as prime minister May 26, but send two of her close associates to the event, a state minister announced Friday.

Mamata not to attend Modi's swearing-in