Indian Prime Minister Modi attends 5th BIMSTEC summit virtually
April 1, 2022, 7:40:02 CEST | Wikinews

Friday, April 1, 2022 

Economy and business

Related articles


30 March 2022: India enters second day of a two-day nationwide general strike
14 March 2022: UK clarifies foreign, domestic response to cost of living crisis
11 March 2022: Court finds UK allowed undervalued Chinese imports into EU
9 March 2022: United States bans importation of Russian fossil fuels
8 March 2022: Financial Action Task Force places United Arab Emirates on money laundering 'grey' list

Collaborate!

Pillars of Wikinews writing
Writing an article


Modi at the virtual 5th BIMSTEC Summit. Image: Ministry of External Affairs (India).
On Wednesday, Indian Prime minister Narendra Modi attended the fifth Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit which was virtually hosted by current chair Sri Lanka.

The summit's theme was 'Towards a resilient region, prosperous economies, healthy people'. In his opening remarks, Prime Minister Modi said that the summit could open a golden chapter in history. Modi announced that India would provide USD 1 million to the BIMSTEC secretariat to facilitate the enhancement of operational budget and USD 3 million for the development of the BIMSTEC Centre for Weather and Climate which would play an important role in disaster management in the region.

Apart from these, an official BIMSTEC charter was signed by all the seven member states. Three major memorandums related to security, technology and diplomacy were also signed at the summit. The charter formalised the grouping into a proper regional organisation. A 'Master Plan for Transport Connectivity' was also discussed by the leaders which would stimulate regional transportation and movement.

Modi stressed the further development of BIMSTEC and discussed maritime cooperation, disaster management, economic integration and security in his intervention. He also talked about mutual free trade among the member states. Citing the recent turmoil in Europe, he questioned international stability and called for greater regional cooperation in the region.

The BIMSTEC summit prioritises the usage of the Bay of Bengal for as a "bridge of connectivity, prosperity and security". At the conclusion of the summit, Sri Lanka handed over the chairmanship to Thailand for the next BIMSTEC summit. The other members states are Bangladesh, Bhutan, Myanmar and Nepal.






Have an opinion on this story? Share it!



Sources[edit]
"'Regional Cooperation Is Priority': PM Modi Addresses 5th BIMSTEC Summit" — The Quint, March 30, 2022
Shubhajit Roy. "PM Modi: Question marks over international stability; time to step up Bimstec cooperation" — The Indian Express, March 30, 2022
Press Release: "5th BIMSTEC Summit" — Ministry of External Affairs (India), March 30, 2022
Press Release: "Transcript of Special Briefing on 5th BIMSTEC Virtual Summit (March 30, 2022)" — Ministry of External Affairs (India), March 30, 2022





Share this: 

Source: Wikinews
Share this article:
share article on facebook share article on twitter share article on google+ share article on tumblr share article on blogger share article on reddit

Articles that may interest you:


Hotel fire kills at least seventeen in Karol ...

Wednesday, February 13, 2019  India Related articles 13 February 2019: Hotel fire kill...

India: Madhya Pradesh police arrests second a...

Sunday, July 1, 2018  Crime and law Related articles 1 July 2018: India: Madhya Pradesh ...

Chess: R Praggnanandhaa becomes youngest Indi...

Monday, June 25, 2018  India Related articles 25 June 2018: Chess: R Praggnanandhaa beco...
Send us your articles and web-novels!
comments powered by Disqus
Most popular


Recently Viewed:


Indian Prime Minister Modi attends 5th BIMSTEC summi...

Friday, April 1, 2022  Economy and business Related articles 30 March 2022: India enters...


Musician Joni Mitchell hospitalised after found unco...

Well-known Canadian singer-songwriter Joni Mitchell was found unconscious on Tuesday at her ...


Petr Čech retires from international football

On Friday, Arsenal F.C. goalkeeper and Czech Republic football captain Petr Čech announced r...


DaBaby Levitating remix losing US radio audiences af...

Thursday, August 5, 2021  Music Related articles DaBaby Levitating remix losing US rad...


Charlottesville, Virginia killer sentenced to life i...

Crime and law Related articles 1 July 2019: Charlottesville, Virginia killer sentenced to ...

Automotive
Reviews | Technology | Projects & Tuning | Events | Racing
Business & Technology
Business & Economy | Mobile | Internet & Media | Security & Privacy | Gadgets & Tech | Software
Lifestyle
Health, Food & Fitness | Fashion | Gardening | DIY | Homes
Society
Accidents | Crime | Culture | Finance | Politics
Science & Environment
Wildlife | Green | Space
Gaming
Reviews
Society
Accidents | Crime | Culture | Finance | Politics
Travel
MM-iNEWS
Copyright & Privacy | Site Roadmap | Sitemap | Contact
Web Development @ OverHertz Ltd
Ω