Indian Minister of State for External Affairs V.Muraleedharan (Photo: VNA) New Delhi (VNA) - Indian Minister of State for External AffairsV.Muraleedharan affirmed India’s commitment to the ASEAN integration andconnectivity agenda at the 6th India-CLMV Business Conclave held onlineon December 3-4.
He said Indian looks forward to the ASEAN countries for the utilisation of 1billion USD credit line for enhancement of physical and digital connectivity.
He took the occasion to invite CLMV countries to join the International SolarAlliance and Coalition for Disaster Resilient Infrastructure, and participatein activities of seven pillars of Indo-Pacific Oceans Initiative, which hassynergies with ASEAN Outlook on Indo-Pacific.
He highlighted it is India's firm belief thatpromotion of businesses and private investments is essential for growth in the CLMV(Cambodia, Laos, Myanmar and Vietnam) region.
Towards this end, aproject development fund titled PDF-CLMV with total capital of 5 billion INR(some 68 million USD) has been created by the Indian government in order tocatalyse investments from Indian private sector to the CLMV countries bysetting up manufacturing hubs in the nations.
Currently, two projects in Myanmar, one in Vietnam and one in Cambodia areidentified for collaboration with the Indian private sector.
Along with discussions on infrastructure, healthcare, pharmaceuticals, energy,IT, agriculture, an online international fair was held in the framework of theforum. The Vietnamese Embassy in India’s trade office organised a booth tosupport Vietnamese firms to popularise their products and services at the event.
In addition, the trade office joined hands with the Confederation of IndianIndustry to organise an online trade conference themed “establishingpartnership to improve competitive capacity in automobile industry, garment andtextile, machine and equipment”.
Representatives from the Ministry of Agriculture and Rural Development,Ministry of Planning and Investment, Ministry of Information and Communications,Vietnam Chamber of Commerce and Industry, and Vietnamese business community took the occasion to hold discussions with Indian partners on business opportunities and shared business experience in agriculture,food, materials for seafood, supporting industry, garment and textile, cleanenergy, infrastructure, and transport, among others./.
VNA
