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

Pressure mounts on UP government over gang rape, murder of minors

Pressure mounts on UP government over gang rape, murder of minors
Pressure mounted Monday on the Akhilesh Yadav government in Uttar Pradesh over the grisly gang rape and murder of two minor girls in Badaun, with politicians and human rights agencies blaming the government for the poor law and order situation in the state.

Pressure mounts on UP government over gang rape, murder of minors

Modi Effect: Why Badal needs to Deliver NOW!

Modi Effect: Why Badal needs to Deliver NOW!
With the BJP-led NDA government, of which the Shiromani Akali Dal is a part, in power at the centre now, Badal will have to ensure delivery of all the demands his government used to make earlier.

Modi Effect: Why Badal needs to Deliver NOW!

In NDA rule, Badal softens stand on diesel price hike

In NDA rule, Badal softens stand on diesel price hike
A few months back, Punjab Chief Minister Parkash Singh Badal had described the UPA's 50 paise hike in diesel prices as a "criminal conspiracy" but when the price was hiked by the same amount Saturday by the NDA government, he just batted for cheaper prices.

In NDA rule, Badal softens stand on diesel price hike

PM Modi sheds another UPA baggage, axes all GOMs, EGOMs for fast decisions, accountability

PM Modi sheds another UPA baggage, axes all GOMs, EGOMs for fast decisions, accountability
Doing away with one of the relics of coalition politics, Prime Minister Narendra Modi Saturday abolished all 30 ministerial groups to ensure that his colleagues heading various portfolios take faster decisions with more accountability.

PM Modi sheds another UPA baggage, axes all GOMs, EGOMs for fast decisions, accountability

Congress cannot paper over Rahul's failures

Congress cannot paper over Rahul's failures
Despite Sonia Gandhi's advice to Congressmen to avoid "public acrimony", rumbling of discontent about the party's miserable performance in the recent elections have continued

Congress cannot paper over Rahul's failures

Modi Victory: Congress 'communalism' derailed UPA

Modi Victory: Congress 'communalism' derailed UPA
The Congress-led UPA claims to be secular; peel a few layers and you will find it is steeped in communalism. The BJP-led NDA, accused of communalism, does all that it can to get rid of this label and walk that extra mile

Modi Victory: Congress 'communalism' derailed UPA