Greater cooperation among BIMSTEC nations need of hour: PM Modi
The Hindu
The results of the ‘landmark’ fifrth BIMSTEC summit will write a golden chapter in history, says PM
Prime Minister Narendra Modi on Wednesday, March 30, 2022, called for greater cooperation among BIMSTEC (Bay of Bengal Initiative for Multi–Sectoral Technical and Economic Cooperation) nations, asserting that it is time to make the Bay of Bengal a bridge of connectivity, prosperity and security.
In his opening remarks at the fifth BIMSTEC Summit, Mr. Modi said the results of this landmark summit will write a golden chapter in BIMSTEC's history.
He said India will provide USD 1 million (one million is equal to ten lakhs) in aid to augment operational budget of the BIMSTEC secretariat.
Recent developments in Europe have raised question mark over stability of international order, Mr. Modi said.
In this context, it has become important to make BIMSTEC regional cooperation more active, he added.
Mr. Modi said that in order to increase mutual trade among BIMSTEC nations, it is important to move forward on the BIMSTEC FTA proposal.
With our region facing challenges of health and economic security, need of the hour is unity and cooperation, he asserted.
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