BIMSTEC Focuses on India's Eastern Coast: Indra Mani Pandey

15 Jul 2024 CW Team

India's engagement with the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) has intensified, particularly along its eastern coastline. Indra Mani Pandey, India's Foreign Secretary, underscores the strategic importance of this regional grouping in bolstering economic cooperation and connectivity among member nations.

Pandey highlighted BIMSTEC's role in promoting trade, cultural exchanges, and maritime security in the Bay of Bengal region. He emphasised the collaborative efforts aimed at harnessing the region's economic potential and addressing common challenges such as climate change and sustainable development.

The initiative focuses on enhancing connectivity through infrastructure projects, including ports and roads, to facilitate smoother trade and movement of goods within the BIMSTEC member countries. This collaborative approach aims to strengthen India's ties with Bangladesh, Myanmar, Sri Lanka, Thailand, Nepal, and Bhutan, fostering a stable and prosperous region.

India's strategic location on the eastern coast plays a pivotal role in BIMSTEC's objectives, offering opportunities for economic growth and regional integration. Pandey reiterated India's commitment to deepening cooperation within BIMSTEC, leveraging its geographical advantage to bolster maritime trade and connectivity initiatives.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..