India’s Act East Policy will help improve connectivity among countries in Southeast and East Asia, said Mr. Arun Jaitley, Finance Minister, India. He noted projects to connect trade routes to India’s neighbors and explained how regional power trade would help SASEC member countries achieve energy security.
Tags: India, Act East Policy, Bangladesh
Bilateral trade between India and Myanmar increased from nearly $11.9 million in 2013-2014 to around $22.2 million in 2015-2016, according to India's Ministry of Commerce and Industry. India's Act East Policy was instrumental in promoting trade growth between the two countries, deepening economic cooperation and expanding trade through India's Northeast region.
Tags: Act East Policy, India, Myanmar, Trade, Transport
The Asian Development Bank and the Government of India have signed a $375 million agreement to develop the 800-kilometer Visakhapatnam (Vizag)-Chennai Industrial Corridor. The agreement includes the first tranche of $245 million, which will develop high-quality infrastructure in Visakhapatnam and Yerpedu-Srikalahasti, a $125 million policy-based loan, and a $5 million grant to build climate change resilient infrastructure.
Tags: ADB, Economic corridor, India, Act East Policy, Make in India, manufacturing
A Meeting between India's Minister for External Affairs and Governors of the North East region covered key aspects of the 'Act East Policy', including transport connectivity, border trade, and regional production and value chains. The Meeting stressed the need for better connectivity of the North East to a wider region, including Bangladesh, Myanmar, and Thailand, and discussed ongoing and planned cross-border connectivity projects.
Tags: India, Act East Policy, Transport, Trade Facilitation, Bangladesh