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

E-files, the new Modi mantra to paperless governance

E-files, the new Modi mantra to paperless governance
No more piles of dog-eared files and clipped paper stacks littering office desks. It is the time of e-files in the new government of Prime Minister Narendra Modi.

E-files, the new Modi mantra to paperless governance

Woman gang raped inside UP police station, SHO nabbed

A woman was gang raped allegedly by four policemen inside a police station in Uttar Pradesh. The SHO was arrested Wednesday.

Woman gang raped inside UP police station, SHO nabbed

Let's create a 'skill India', not 'scam India', says Modi; wants all aboard

Let's create a 'skill India', not 'scam India', says Modi; wants all aboard
Prime Minister Narendra Modi said Wednesday his government will work for the poor, improve the lot of the weaker sections including Muslims, curb price rise, take all political parties along in its march to progress and seek to change India's identity from "scam India" to "skill India" .

Let's create a 'skill India', not 'scam India', says Modi; wants all aboard

How Punjab's Paddy Straw Burning is Impacting Climate and Health

How Punjab's Paddy Straw Burning is Impacting Climate and Health
A study by an international team using satellite and ground-based instruments has shown that crop residue burning, a common practice in northern India and particularly in Punjab, is contributing to atmospheric pollution over the entire Indo-Gangetic Plain (IGP) that may have climate and health implications.

How Punjab's Paddy Straw Burning is Impacting Climate and Health

Centre will study Gujarat's housing model

Centre will study Gujarat's housing model
The BJP-led NDA government, which has affordable housing for all as one of its objectives, will study the Gujarat model of housing for poor, Union Minister of Housing and Poverty Alleviation M. Venkaiah Naidu said here Tuesday.

Centre will study Gujarat's housing model

Delhi Police studies Surat's CCTV system

Delhi Police studies Surat's CCTV system
A Delhi Police team Tuesday went to Surat in Gujarat to study the CCTV cameras installed there in the public-private partnership (PPP) model.

Delhi Police studies Surat's CCTV system