Thursday, December 25, 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

Indian American body welcomes Modi's swift action on PIO cards

Indian American body welcomes Modi's swift action on PIO cards
The US India Political Action Committee (USINPAC), a forum of the Indian American community in the US, has thanked Prime Minister Narendra Modi for swift action in fulfilling assurances on the PIO cards.

Indian American body welcomes Modi's swift action on PIO cards

India set to grow at 6.4 percent in 2015: IMF

India set to grow at 6.4 percent in 2015: IMF
India is projected to grow at 6.4 percent in 2015 with industrial production and other indicators turning around thanks to stronger business confidence since the parliamentary elections, according to the International Monetary Fund.

India set to grow at 6.4 percent in 2015: IMF

Facebook CEO Mark Zuckerberg visits 'Cyber Village' in Rajasthan

Facebook CEO Mark Zuckerberg visits 'Cyber Village' in Rajasthan
Facebook founder and CEO Mark Zuckerberg Friday visited a "cyber village" in Rajasthan's Alwar district, an official said.

Facebook CEO Mark Zuckerberg visits 'Cyber Village' in Rajasthan

Two more die in Pakistan firing, PM says things will be fine

Two more die in Pakistan firing, PM says things will be fine
Pakistan Rangers continued to fire across the International Border with India through the night and well into Wednesday, killing at least two more people...

Two more die in Pakistan firing, PM says things will be fine

'US visit established good rapport between Modi, Obama'

'US visit established good rapport between Modi, Obama'
The "very successful" visit of Prime Minister Narendra Modi to the US helped establish a "good personal rapport" with President Barack Obama that is important to...

'US visit established good rapport between Modi, Obama'

India, Pakistan not ready to back down

India, Pakistan not ready to back down
Saying India and Pakistan were not ready to back down in Kashmir, a Pakistani newspaper hinted Thursday that their security establishments were...

India, Pakistan not ready to back down