Tag: BIMSTEC SUMMIT

Indian Prime Minister participated in the 6th BIMSTEC Summit, hosted by Thailand under its chairmanship. Theme: “BIMSTEC: Prosperous, Resilient, and Open”, focusing on regional cooperation and key challenges. On the sidelines, India and Thailand elevated their bilateral relations to a Strategic Partnership. BIMSTEC Aspect Details Full Form Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation Members Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, Thailand Founded 1997 (via Bangkok Declaration) Original Name BIST-EC → BIMST-EC → BIMSTEC Headquarters Dhaka, Bangladesh Population ~1.7 billion (22% of global) Combined GDP ~$5.2 trillion (2023 est.) Significance of BIMSTEC Supports India’s Act East Policy: Enhances connectivity and trade in Indo-Pacific. Viable Alternative to SAARC: Especially post SAARC’s stagnation. Geostrategic Tool: Counters growing Chinese influence in the region. Disaster Management & Security: Focus on HADR, counter-terrorism. Cultural Promotion: Institutions like Centre for Bay of Bengal Studies (Nalanda University) foster cultural heritage. Key Highlights of the 6th BIMSTEC Summit Vision & Roadmap Adoption of Bangkok Vision 2030 and the Summit Declaration. Emphasis on: Regional prosperity Economic integration Infrastructure & technology collaboration Resilience to global challenges India’s Key Announcements 21-point Action Plan for regional cooperation in: Connectivity, Trade, Disaster Management, Tech Integration BIMSTEC Centres of Excellence (India-led) Focus Areas: Disaster Management Sustainable Maritime Transport Traditional Medicine Agriculture R&D & Training Digital Public Infrastructure (DPI) Pilot study for enhanced governance and service delivery. BODHI Program BIMSTEC for Organized Development of Human Resource Infrastructure: Training, scholarships, capacity-building for professionals. Cancer Care Initiative Capacity-building program for cancer treatment across BIMSTEC. Chamber of Commerce & Business Summit Annual BIMSTEC Business Summit Creation of BIMSTEC Chamber of Commerce People-to-People Initiatives (India would be hosting) BIMSTEC Athletics Meet (2025) BIMSTEC Games (2027) (30th anniversary) Traditional Music Festival Youth Hackathon & Leadership Summits Young Professional Visitors Program Other Initiatives Linking India's UPI with BIMSTEC payment systems. Operationalizing BIMSTEC Energy Centre (Bengaluru). Grid interconnection, Maritime Transport Agreement. Nano-satellite & remote sensing collaboration. Scholarships, traditional medicine, agricultural research. India-Thailand Strategic Partnership Highlights Maritime Cooperation Indo-Pacific collaboration via AOIP & IPOI. India-Myanmar-Thailand Trilateral Highway for regional connectivity. Defence & Security Expansion of Exercise Maitree, joint military exercises. Focus on counter-terrorism, cybersecurity, and intel-sharing. Trade & Economy Supply chain resilience, private sector investment FTA upgradation, digital economy cooperation Cultural & Diaspora Ties Buddhist cultural linkages, education exchanges Tourism & diaspora engagement Science & Tech Renewable energy, space cooperation Innovation in healthcare, biotech, DPI Regional & Multilateral Cooperation Coordination in BIMSTEC, ASEAN, IORA, UN Promotion of rules-based international order

Tag: BIMSTEC SUMMIT

BIMSTEC SUMMIT

Let's Crack
APSC Together

Quick Links

Newsletter

Subscribe for Updates

Let's Crack APSC Together

Quick Links

Newsletter

Subscribe for Updates

Let's Crack
APSC Together