Eyeing greater cooperation with South East Asian countries on economic and security issues, India on Thursday announced a separate Mission for ASEAN region to be set up in Jakarta with a full-time resident Ambassador.
The model, which will compete with the likes of Hyundai Verna, Maruti Suzuki Ciaz and Skoda Rapid, now features smart devices ecosystem including Alexa remote capability and 32 connected features as standard feature across all variants with a five-year free subscription.
Terming India's ties with the ASEAN as a 'pillar' of its 'Look East' policy, Prime Minister Manmohan Singh on Wednesday proposed a bilateral trade target of $50 billion by 2010 and sought boosting of cooperation with the key ten-member grouping in technology, health care, climate change and tourism.
The proposed India-Thailand free trade agreement (FTA) will have to wait for some more time to become operational, as there has been no headway in negotiations on the India-Asean treaty on free trading of goods.
Dr Singh said there was general support that civil nuclear energy be considered as an option to meet the need for clean energy and that this deserved greater attention of the international community.
"Greater connectivity is also central to the idea of regional economic integration," the prime minister said in his speech at the fifth India-ASEAN summit in Cebu, Philippines.
With India and the Asean clearing a major roadblock to a proposed free trade agreement, Prime Minister Manmohan Singh is expected to seek a broad consensus for its early implementation during the India-Asean Summit in Philippines.
Prime Minister Manmohan Singh will leave for the 5th Indo-Association of Southeast Asian Nations summit and the 2nd East Asian summit to be held in Cebu, Philippines on Saturday morning.
India is likely to play a bigger role when the 10-member ASEAN and six other Asian nations meet in the backdrop of differences between China and Japan.
The government will set up a regulatory framework for infrastructure to create the necessary environment to attract $ 150 billion Foreign\n\nDirect Investment (FDI) in the sector for achieving 7-8 per cent\n\ngrowth, Prime Minister Manmohan Singh announc
He also made it clear that the government had nothing to hide on the Volcker issue and that there was a procedure to be followed.
'No nation can be self-sufficient in defence, nuclear and space technologies without domestic capabilities in hardware development and manufacturing,' says the Wipro chief.\n\n\n\n
People are interested in the strength of India's economy, the country's stability, and the opportunities, says Stuart Tait, regional head of commercial banking, Asia-Pacific at HSBC.
Prime Minister Atal Bihari Vajpayee on Wednesday announced an 'open skies' arrangement with the ten-member ASEAN to allow designated airlines from the regional grouping to run daily flights to India.\n\n\n\n
Close on the heels of proposing an 'open sky' agreement with 10 Southeast Asian countries, the government said on Wednesday that it is working on a similar move for other countries
The Confederation of Indian Industry and ASEAN on Monday set up two task forces in pharmaceuticals and agriculture and food processing to prepare a strategy document to outline a roadmap for cooperation in these sectors.
Showcasing India's power sector as a major FDI destination, the government on Friday said the country offers opportunity for $160 billion investment for doubling generation capacity to 200,000 MW in 10 years.
The government will soon unveil a national strategy on public-private partnership for public health, a senior government official said on Friday.
Communications Minister Arun Shourie on Thursday asked state-owned Mahanagar Telephone Nigam Ltd to make the optimum use of its huge cash reserves and aggressively explore foreign markets.
Modi said the initiatives taken by the East Asia Summit in disaster preparedness and response are truly commendable.
Prime Minister Narendra Modi on Wednesday had a meeting with Nobel laureate and Myanmar's opposition leader Aung San Suu Kyi, in his first interaction with the pro-democracy icon.
A 'framework agreement' as a precursor to a free trade arrangement will be signed when the prime minister is in Indonesia next week.
Comfortable with the rupee stable and foreign exchange reserves of over $85 billion, the government is planning to prepay foreign loans worth over $3 billion to reduce its interest burden and fiscal gap.\n\n\n\n
'In the Asean market, the train left at the same time for India and China, but while India's ride has been symbolic of India's rickety railways, it seems that China's has been on a bullet train,' note Renjini V R, Manmeet Ajmani and Devesh Roy.
The economic fundamentals were strong enough to ensure 6-6.5 per cent growth in GDP during 2003-04, while fiscal deficit will be under control, D C Gupta, finance secretary said on Friday.
Ahead of next month's annual Indo-Russia summit, Prime Minister Narendra Modi on Thursday met Russian Premier Dmitry Medvedev who said India is a "close and valued" partner for his country.
PM Modi proposed a USD one billion line of credit to promote projects that support physical and digital connectivity between India and ASEAN.
The road will help in transportation of goods and further development of SMEs in North East India
Modi will have limited choice other than stressing upon a request for more time to decide on tariff rates, especially with elections in 2019.
The agreement on services, if ratified by all member countries, could prove to be a game changer for Indian professionals in education, healthcare & IT.
Giving a fresh impetus to its ties with ASEAN, India today said it would soon draft a five-year action plan starting 2016 for enhancing connectivity and cooperation in diverse areas and hoped the long-delayed free trade pact on services and investment will be signed later this month.
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