Efforts underway to operationalise infra links with CMLV countries
ECONOMY & POLICY

Efforts underway to operationalise infra links with CMLV countries

Efforts are underway to operationalise principal infrastructure links between India and Cambodia, Laos, Myanmar, and Vietnam (CLMV countries) for better economic integration in the region, said a top government official.

The secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Guruprasad Mohapatra, said that the India-Myanmar-Thailand Trilateral Highway can serve as a lifeline for the Mekong and North-East region of India. India, Myanmar, and Thailand are working on a 1,400 km long highway that would link the country by land with Southeast Asia and give a boost to business, trade, education, health, and tourism ties among the three countries.

At CII’s India-CLMV Business Conclave 2020, Mohapatra said that with a corpus of Rs 554.65 crore, a project development fund was set up to promote trade and investments in CLMV countries as well as to help integrate domestic manufacturers and producers in the regional value chains.

In 2019-20, the two-way trade between CLMV countries and India had increased from Rs 8,134.85 crore to Rs 104 billion. The secretary further said that connectivity between the Mekong River region and India will be enhanced by the Kaladan multi-modal transit transport project. He added that through the north-eastern frontier of India, the department aims to reach their friends in south-east Asia and in turn achieve development for our partners and people. For developing an export-oriented economy, the natural resource potential of CLMV countries and north-east India offers unique opportunities. This will bring comprehensive industrial development and enhance investment potential.

Speaking at the conclave, V Muraleedharan, Minister of State for External Affairs said a proposal is also being studied by Laos for eastward extension of this highway and work is currently being executed on the early operationalisation of the trilateral highway. He also said that the state is looking forward to enhanced collaboration and cooperation between ASEAN countries on drug development and the Covid-19 vaccine. He said that even they are ready to share the Covid-19 vaccine with these countries whenever it is made available.

Image Source

Source: The Financial Express

Efforts are underway to operationalise principal infrastructure links between India and Cambodia, Laos, Myanmar, and Vietnam (CLMV countries) for better economic integration in the region, said a top government official. The secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Guruprasad Mohapatra, said that the India-Myanmar-Thailand Trilateral Highway can serve as a lifeline for the Mekong and North-East region of India. India, Myanmar, and Thailand are working on a 1,400 km long highway that would link the country by land with Southeast Asia and give a boost to business, trade, education, health, and tourism ties among the three countries. At CII’s India-CLMV Business Conclave 2020, Mohapatra said that with a corpus of Rs 554.65 crore, a project development fund was set up to promote trade and investments in CLMV countries as well as to help integrate domestic manufacturers and producers in the regional value chains. In 2019-20, the two-way trade between CLMV countries and India had increased from Rs 8,134.85 crore to Rs 104 billion. The secretary further said that connectivity between the Mekong River region and India will be enhanced by the Kaladan multi-modal transit transport project. He added that through the north-eastern frontier of India, the department aims to reach their friends in south-east Asia and in turn achieve development for our partners and people. For developing an export-oriented economy, the natural resource potential of CLMV countries and north-east India offers unique opportunities. This will bring comprehensive industrial development and enhance investment potential. Speaking at the conclave, V Muraleedharan, Minister of State for External Affairs said a proposal is also being studied by Laos for eastward extension of this highway and work is currently being executed on the early operationalisation of the trilateral highway. He also said that the state is looking forward to enhanced collaboration and cooperation between ASEAN countries on drug development and the Covid-19 vaccine. He said that even they are ready to share the Covid-19 vaccine with these countries whenever it is made available. Image Source Source: The Financial Express

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?