August 6, 2024
1 min read

New Delhi hosts first BIMSTEC business summit

The event will bring together over 300 key stakeholders from across the Bay of Bengal region to facilitate economic collaboration…reports Asian Lite News

India will host the first BIMSTEC Business Summit in New Delhi from August 6-8. The Ministry of External Affairs, in association with the Confederation of Indian Industries (CII), will host the three-day event.

External Affairs Minister S Jaishankar will inaugurate the Business Summit. Union Minister of Commerce and Industries Piyush Goyal and other leaders will deliver key note addresses, the Ministry of External Affairs (MEA) said in a press release.

Several Ministers of the BIMSTEC Member States from the ambit of Trade, Commerce and Industry, as well as Energy, along with high-ranking Government officials, policy makers, entrepreneurs and industry associations, will participate in the event.

In the press release, the MEA stated, “The first edition of the Business Summit aims to foster greater regional collaboration through robust trade and investment relations among the member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).”

The event will bring together over 300 key stakeholders from across the Bay of Bengal region to facilitate economic collaboration and explore ways ahead in focus areas like trade facilitation, regional connectivity, energy security, inclusive growth and sustainable development.

The MEA noted, “India attaches great importance to Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC), which links five countries from South Asia (Bangladesh, Bhutan, Nepal, India & Sri Lanka) and two from South-East Asia (Myanmar & Thailand).”

Earlier in July, National Security Advisor Ajit Doval led the Indian delegation at the 4th Annual Meeting of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Security Chiefs held in Myanmar’s capital, Naypyitaw.

In a post on X, the Indian Embassy in Myanmar had stated, “NSA Shri Ajit Doval is leading the Indian delegation at the 4th Annual Meeting of #BIMSTEC Security Chiefs being held in Naypyitaw today. He met with the Myanmar NSA Admiral Moe Aung yesterday, and BIMSTEC Security Chiefs called on Prime Minister Senior General Min Aung Hlaing.” (ANI)

ALSO READ: India signs bilateral air services deals with 116 nations

Previous Story

India signs bilateral air services deals with 116 nations

Next Story

Daniel Caltagirone Talks Challenges and Joys of Filming in India

Latest from -Top News

Pakistan Slams IWT Move as ‘Act of War’

Islamabad also said that India’s decision to suspend the Indus Waters Treaty (IWT) will be considered as an “act of war”…reports Asian Lite News The high-level emergency meeting of Pakistan’s National Security

Modi: We’ll Hunt Them Down

The Prime Minister thanked nations that extended support to India in the aftermath of the terror attack…reports Asian Lite News In his first address after the horrific terror attack in Pahalgam, Jammu

Moscow Steps Up Afghan Diplomacy

Russia sees a potential economic partner in the Taliban authorities, who praised Moscow for scrapping the “terrorism” label last week…reports Asian Lite News Russia has announced that it will elevate the Afghan

World leaders condemn Kashmir terror attack 

Strong messages of condemnation of the terror attack came from leaders in different parts of the world including the US, Russia, UAE, Israel, Singapore, France, Sri Lanka and Iran  World leaders strongly

India downgrades ties with Pakistan 

The decision — which also included the downgrading of diplomatic ties with Pakistan — came after a meeting of the Cabinet Committee on Security (CCS), chaired by the PM   India on
Go toTop

Don't Miss

India-Britain to exchange best practices in law, justice

The Joint Consultative Committee was formed followed by an MoU

Micron CEO praises India’s semiconductor power

Mehrotra emphasised the importance of semiconductors in daily life, noting