India-ASEAN business summit paves way for closer trade ties

at 7:04 pm
jitendra singh asean
Dr Jitendra Singh at India-ASEAN Business Summit in New Delhi

New Delhi (NVI): India and ASEAN today reiterated the need for closer and progressive business collaboration as their trade representatives came together at 2-day India-ASEAN Business Summit here today.

The objective of the Summit is to enhance the trade trajectory between India and ASEAN nations to new highs. Senior government officials from India and the ASEAN Nations are interacting with the Business community of India and ASEAN for the promotion of bi-lateral trade and investments.

More than 60 delegates from 10 ASEAN countries and more than 200 delegates from India are participating in the summit.

While addressing at the Inaugural Session of the Summit, Union Minister of State (I/C) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space Dr Jitendra Singh said “Collaboration with ASEAN countries will play an important role in meeting the target of making India a 5 trillion USD economy and the contribution of North eastern states can also not be underestimated in it.”

He said that India will soon achieve the target of 5 trillion USD economy target with the optimistic environment that has been created under the leadership of Prime Minister Narendra Modi.

Dr Jitendra Singh said that for ease of doing business there are three essentials, which are: Connectivity, Communication and Ease of regulations.

The Minister said that some of the breakthroughs made under PM Narendra Modi were never expected earlier. He added that the Prime Minister has been reiterating the emphasis on closer and progressive collaboration with ASEAN countries and also focus on development of North eastern region of India.

This is important for business and trade development that North east has unexplored potential which needs to be tapped, he said.

The new engine of the ASEAN collaboration has been spearheaded by the north eastern region, he added.