Conference on India-Myanmar Trade and Connectivity

The “Act East” policy also includes the endeavor to open new avenues of job generation and entrepreneurship, says Minister.

The Union Minister of State (Independent Charge) of the Ministry of Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy & Space, Dr. Jitendra Singh has said that India’s “Act East” policy is crucial to the entire South East Asia.

Speaking at a conference on “India-Myanmar Trade and Connectivity” organized by the Indian Council for Research on International Economic Relations here today, Dr Jitendra Singh said, Myanmar is one of the key pillars of India’s “Act East” policy, since through the land borders it connects India via the North Eastern States with the South East Asian countries. A significant fact to note is that the many North Eastern States share a common border with Myanmar, he said.

Emphasizing that to “Act East” effectively beyond the eastern borders, it is essential to first act east effectively proximal to the borders by promoting the potential of the region on this side of the border, Dr Jitendra Singh said, for example, Myanmar is not only geographically a proximate country with strong historical and economic linkages, but, in addition, the people on two sides of the border share common lifestyle, common food habits, and common cultural traits.

Therefore, he said, any meaningful trade or business engagement with Myanmar can be done primarily through the products and goods inherent to the North Eastern States bordering this country.

In the last four years under the Prime Minister Shri Narendra Modi, Dr. Jitendra Singh referred to a paradigm shift in the Government’s approach towards the Northeast, particularly with regard to its development. The “Act East” policy also includes the endeavor to open new avenues of job generation and entrepreneurship which would also make the Northeast the focus of India’s economic and diplomatic engagement across the eastern borders, he said.

Referring to the constraints of connectivity and transport as important impediments to the growth of trade and investment in the region, Dr. Jitendra Singh said, in the last four years, a fast-track progress has been made to address these issues. He said, new airports have come up, rail tracks have been set-up in the States which had never seen a train before and new Inland Waterways are also being developed.

As an evidence of the Central Government’s high priority to the region, Dr. Jitendra Singh referred to the recently framed exclusive Northeast Industrial Development Policy, the amendment to the Indian Forest Act of 1927 and setting up of an exclusive NITI Aayog Forum for North-East. With respect to Myanmar, he also referred to a MoU finalized recently between the Mandalay Region Chamber of Commerce & Industry and the business groups from North Eastern India.

Source: Devdiscourse

To see the original article click link here

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.