This was enunciated by our Prime Minister Shri Narendra Modi in 2015, in his vision of SAGAR. SAGAR stands for Security and Growth for All in the Region. It recognises the central role played by the seas and oceans around us in promoting sustainable economic progress in a secure and stable environment. The Indo Pacific region, is increasingly seen as a connectivity pathway - much of the world’s trade passes through these oceans. These waters must not only get better connected, but remain free from traditional and non-traditional threats, that impede free movement of people, goods and ideas. Respect for international law, notably UNCLOS, in ensuring this is, therefore imperative.
Friends, A deeper economic integration with the dynamic Asean region, is an important aspect of our Act East Policy. Asean is India’s 4th largest trading partner, accounting for 10.2 per cent of India’s total trade. India is Asean’s 7th largest trading partner. Trade is back on track and registered an 8 per cent increase in 2016-17, as compared to the previous year. Investment flows have also remained robust. It is our continuous attempt to promote dialogue among Asean and Indian business and trade associations, to further enhance bilateral trade and investment. The establishment of a Project Development Fund will encourage Indian companies to develop manufacturing hubs in CLMV countries. Our offer of a US$1 billion Line of Credit is another important initiative to enhance physical and digital connectivity. In this context, I invite the scholars, academics and think tanks present here today to offer new ideas, for a greater integration of Asean Economic Community with India and identify collaborative opportunities in investment, trade and services sector.
Promoting greater collaboration among educational institutions, will contribute towards investing in the future of our relationship, especially where it involves the youth of our countries. We continue to offer scholarships to students from the region, for pursuit of higher education in India. I invite you all to discuss modalities for setting up a network of Universities among Asean countries and India, to intensify our cooperation in the education sector. The revival of Nalanda University in Rajgir, renowned as a centre for learning and Buddhist studies in ancient times, is yet another attempt to energise our civilisational links.
Our efforts are to recreate this knowledge hub. A Dharma Dhamma Conference will be organised next week, at the Nalanda University for which we have invited scholars from the entire region. We look forward to an active participation from the Asean countries at this Conference. While physical & digital connectivity initiatives are poised to seamlessly integrate us into a greater Indo-Asean community, our shared cultural heritage remains a strong emotional bond that already integrates us. We commenced our silver jubilee celebrations last year, with the second edition of the Conference on Cultural and Civilisational Links in January 2017. A potent symbol of our integration through the assimilation of our mythology and folklore, can be seen in the depiction of the epic, Ramayana. The various forms of Ramayana through performing arts are part of our shared tangible heritage. We will organise a Ramayana Festival in India, to showcase our cultural interpretations of Ramayana across the Asean countries and India. The similarities of Mudra (hand gestures) in our dance forms across Asean and India, will also be showcased during this Festival.
I urge the think tanks to strengthen consultations and suggest ways, to enhance maritime, commercial, educational and cultural cooperation. I look forward to new areas to be identified where both India and Asean can work together. With these words, I wish all success to the organisers for this event.
Edited excerpts from Foreign Minister Sushma Swaraj’s address to a meeting of ASEAN think tanks in Delhi, January 6
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.