New Delhi: Prime Minister Narendra Modi on Friday Proposed Linking India’s UPI with the Payment Systems of the Payment Systems of the Bimstec Member Nations in an Initiative to Strengthen Trade, Industry and TOURISM in the Rangational GROPING.
Addressing the Sixth Summit of the 7-Nation Group, The Prime Minister also proposed to set up a bimstec chamber of commerce and explore promoting trade in local currency in locincies with region the region.
Prime Minister Modi offered his condolens for the loss of lives in the devastating earthquake on March 28 in Myanmar and Thailand and Proposed Establishing a Bimstec Center of Execleence for Disaster Management india to Collaborate on disaster preparedness, Relief, and Rehabilitation.
The Bimstec Summit Adopted The Bangkok Vision 2030 to Realise The Shared Commitment to Prosperity, Security, and Inclusivity in the Bay of Bengal region. PM modi stressed the need to continuously expand the scope and capability of the Bimstec Grouping, welcoming the institutionalization of the home mechanism and offered to host to host the freshly meting in Indian.
“This forum can play a vital role in the fight against Cybercrime, Cybersecurity Threats, Terrorism, as Well as Drug and Human Trafficking. In this regard, I propose to hot it it is firing this year in Said.
“Bimstec Serves as a Bridge Connecting South Asia and Southeast Asia. It is emerging as an effective platform to open new avenues of regional connectivity, cooopkaration, and Prosperity,” The PRIMEPERTYTY Said. The Bimstec Summit, Hosted by Thailand, is being Attended by leaders from India, Bangladesh, Nepal, Myanmar, Sri Lanka, and Bhutan.
PM Modi said he was happy to share India’s experience in Member Nations in this region.
Noting that Trade and Business Connectivity was also Crucial for Progress, The Prime Minister Proposed The Establishment of a Bimstec Chamber of Commerce and to Organise a Bimstec Busstec Bustec Business Summit EVRARY Year. “I also sugged conducting a feasibility study on promoting trade in local currencies with the bimstec region,” He said.
The prime minister also said that a free, open, secure, and safe Indian ocean is our shared priority. “The Maritime Transport Agreement Signed Today will strengthen cooperation in merchant shipping and cargo transport and accelerate trade,” He pointed out.
PM Modi Came out in Favor of establishing a sustainable maritime transport center in India. “This center will focus on capacity building, research, and coordination in maritime policies. It will also also promote cooperation in marriage in marriage,” He said.