North East “seven sisters” has totally been “overlooked” so far despite having a “Look East Policy” in place from last 20 years for South East Asian countries whose development is essential for greater economic ties with these countries, said Mr. Jolly, Senior Leader BJP & Senior Advisor, GOPIO at an ASSOCHAM event held in New Delhi today.
“For Act East Policy to succeed several initiatives must come up in North East India as it is perfectly positioned for trans-border trade with East-Asia be it Bangladesh, China, Bhutan and Myanmar”, said Mr Vijay Jolly, Senior Leader BJP & Senior Advisor, GOPIO while inaugurating ASSOCHAM 3rd India-ASEAN Round-Table Dialogue on Trade & Economic Cooperation.
To Act on policies of East, North Eastern states must be at center stage of policy decision making. At present India’s total export volume is roughly $260 billion, the Northeast’s share is only about $0.01 billion. Now finally India under the leadership of PM Modi ji has struck the right chord with “seven sisters”, said Mr. Jolly.
Recent announcements of rail network, power infrastructure, apparel manufacturing centers, scholarship schemes and mooting the idea of Natural Economic Zone in the region can’t be seen in isolation. In nutshell for India to “Act East”, we have to rapidly act in the Northeast of India, added Mr. Jolly.
Some of the important steps in the pipeline as part of Act East Policy by Prime Minister emphasis on enhancing people-to-people contacts, augmenting trade besides reinforcing the strategic and political relationships. The plan is also to focus on security architecture in the region.
The Prime Minister of India is also very eager to tap the potential offered by the Buddhist pilgrimage circuit to attract more tourists from southeast nations. Given the fact that our North-East region is the gateway to ASEAN, there are efforts to create physical and economic corridors between the two regions. These measures are the part of the Act East Policy to increase aviation and shipping linkages, said Mr. Jolly.
The discussions are on for the implementation of four IT centers in Cambodia, Lao PDR, Myanmar and Vietnam which is a USD 8.7 million project. Also we have C-DAC (Center for Development of Advanced Computing) to execute the project over a three-year period under supervision of Department of Information and Technology.
The capacity building and sharing expertise with ASEAN member states along with mutual cooperation in education, energy and environment, finance, pandemics management, disaster management and mitigation, connectivity, security, trade are the salient points of Act East Policy of Modi government in India, added Senior Leader BJP & Senior Advisor, GOPIO.
Trilateral highway that links India, Myanmar and Thailand through a 3,200 km long highway is one of the ambitious project involves India in its engagement with the ASEAN nations which is running behind schedule and now expected to be completed in 2018, said Senior Leader BJP.
H.E. Mr Rizali W. Indrakesuma, Chairman of the ASEAN New Delhi Committee & Ambassador of the Republic of Indonesia said, the volume of ASEAN intra-trade reaching to nearly 25% of total member states’ trade volume, and yet is still expected to increase by 40%. The steady growth of 10.5% intra-trade in two decades (1993-2013) was closing at the amount of US$ 608.6 billion (2013). While dialogue partner, such as China’s trade with ASEAN is reaching US$ 350.5 billion, with India is still standing at US$ 67.7 billion, mentioned Mr. Rizali.
Mr Shantanu Srivastava, Chairman, ASSOCHAM ASEAN Business Promotion Council said, “we are eagerly looking forward to the next major steps in our relations as the negotiations for regional Comprehensive Economic Partnership, a Trade Agreement comprising 16 countries including India and ASEAN will be completed soon. These positive developments represent valuable milestones in our relationship and pave the way for creation of one of the world’s largest free trade areas.”
Others who also spoke during the event were Mr Rajeev K. Gupta, Additional G.M., International Operations, BHEL, Mr Ajay Poddar, M.D., Syenergy Environics Ltd. Mr Rahul Sharma, President, Transcontinental Enterprises (ARK) Inc. and Mr D.S. Rawat, Secretary General, ASSOCHAM.
“For Act East Policy to succeed several initiatives must come up in North East India as it is perfectly positioned for trans-border trade with East-Asia be it Bangladesh, China, Bhutan and Myanmar”, said Mr Vijay Jolly, Senior Leader BJP & Senior Advisor, GOPIO while inaugurating ASSOCHAM 3rd India-ASEAN Round-Table Dialogue on Trade & Economic Cooperation.
To Act on policies of East, North Eastern states must be at center stage of policy decision making. At present India’s total export volume is roughly $260 billion, the Northeast’s share is only about $0.01 billion. Now finally India under the leadership of PM Modi ji has struck the right chord with “seven sisters”, said Mr. Jolly.
Recent announcements of rail network, power infrastructure, apparel manufacturing centers, scholarship schemes and mooting the idea of Natural Economic Zone in the region can’t be seen in isolation. In nutshell for India to “Act East”, we have to rapidly act in the Northeast of India, added Mr. Jolly.
Some of the important steps in the pipeline as part of Act East Policy by Prime Minister emphasis on enhancing people-to-people contacts, augmenting trade besides reinforcing the strategic and political relationships. The plan is also to focus on security architecture in the region.
The Prime Minister of India is also very eager to tap the potential offered by the Buddhist pilgrimage circuit to attract more tourists from southeast nations. Given the fact that our North-East region is the gateway to ASEAN, there are efforts to create physical and economic corridors between the two regions. These measures are the part of the Act East Policy to increase aviation and shipping linkages, said Mr. Jolly.
The discussions are on for the implementation of four IT centers in Cambodia, Lao PDR, Myanmar and Vietnam which is a USD 8.7 million project. Also we have C-DAC (Center for Development of Advanced Computing) to execute the project over a three-year period under supervision of Department of Information and Technology.
The capacity building and sharing expertise with ASEAN member states along with mutual cooperation in education, energy and environment, finance, pandemics management, disaster management and mitigation, connectivity, security, trade are the salient points of Act East Policy of Modi government in India, added Senior Leader BJP & Senior Advisor, GOPIO.
Trilateral highway that links India, Myanmar and Thailand through a 3,200 km long highway is one of the ambitious project involves India in its engagement with the ASEAN nations which is running behind schedule and now expected to be completed in 2018, said Senior Leader BJP.
H.E. Mr Rizali W. Indrakesuma, Chairman of the ASEAN New Delhi Committee & Ambassador of the Republic of Indonesia said, the volume of ASEAN intra-trade reaching to nearly 25% of total member states’ trade volume, and yet is still expected to increase by 40%. The steady growth of 10.5% intra-trade in two decades (1993-2013) was closing at the amount of US$ 608.6 billion (2013). While dialogue partner, such as China’s trade with ASEAN is reaching US$ 350.5 billion, with India is still standing at US$ 67.7 billion, mentioned Mr. Rizali.
Mr Shantanu Srivastava, Chairman, ASSOCHAM ASEAN Business Promotion Council said, “we are eagerly looking forward to the next major steps in our relations as the negotiations for regional Comprehensive Economic Partnership, a Trade Agreement comprising 16 countries including India and ASEAN will be completed soon. These positive developments represent valuable milestones in our relationship and pave the way for creation of one of the world’s largest free trade areas.”
Others who also spoke during the event were Mr Rajeev K. Gupta, Additional G.M., International Operations, BHEL, Mr Ajay Poddar, M.D., Syenergy Environics Ltd. Mr Rahul Sharma, President, Transcontinental Enterprises (ARK) Inc. and Mr D.S. Rawat, Secretary General, ASSOCHAM.
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