Sunday, 19 May, 2019

India, ASEAN discuss ways to push SME, start-up ecosystem

India, ASEAN discuss ways to push SME, start-up ecosystem India, ASEAN discuss ways to push SME, start-up ecosystem
Patty Aguilar | 24 January, 2018, 09:04

Echoing Prime Minister Narendra Modi, on Tuesday described as one the main challenges faced by the world.

With a network of 10,000 km of national and state highways and 2,540 km of rail corridor connecting the hinterland of resource-rich regions to the largest deep-water ports of Paradip and Dhamara, these provide an easy access to markets in ASEAN region, he added.

Talking about trade relation between India and the ASEAN nations, Jaitley said the consolidation of their relationship is necessary to take giant steps for the future of the region.

ASEAN countries include Thailand, Vietnam, Indonesia, Malaysia, the Philippines, Singapore, Myanmar, Cambodia, Laos and Brunei.

Prabhu stressed that India is looking forward to further deepening our engagement with ASEAN, with all the special commemorative events lined up for the next few days, celebrating our Shared Values and Common Destiny.

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While many believe this is India's move to counter China, when asked Thailand's Ambassador to India who is also the head of ASEAN diplomats in Delhi said that this is not a "containment" exercise. This aspirational world is what houses two billion people. The Republic Day parade this year will also see the record setting presence of the 10 ASEAN leaders.

The Republic is now the ASEAN chair for 2018.

This is indeed a way of ensuring that all nations grow equally and that "ASEAN as a block, along with India, becomes a force to reckon with". This comes at a time when India is keen on changing its "Look East" policy to "Act East" policy.

Expressing concern over decline in India's exports to ASEAN, Sunil Healthcare Chairman and Managing Director Anil Khaitan said that the outbound shipments have dropped since the signing of free trade pact with ASEAN in 2010.

The theme of the retreat session is "maritime cooperation and security". In particular, parties need to fully observe their obligations in the Declaration of Conduct of Parties in the South China Sea and undertake relevant confidence-building measures.

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