India to host Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation – ‘BIMSTEC Business Summit’

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India is going to host the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Business Summit in New Delhi today. The three-day event aims to promote regional cooperation and economic integration among member countries.

Inaugural and Keynote Addresses

External Affairs Minister Dr S Jaishankar will inaugurate the summit, accompanied by Commerce and Industry Minister Piyush Goyal and other prominent leaders to deliver keynote addresses. The event will also be attended by several ministers, high-ranking government officials, policy makers, entrepreneurs and industry associations from BIMSTEC member countries.

Participants and Stakeholders

The Ministry of External Affairs has highlighted that the BIMSTEC Business Summit will bring together over 300 key stakeholders from the Bay of Bengal region.

This diverse group includes ministers, government officials, policy makers, entrepreneurs and representatives of industry associations, all gathered to facilitate economic cooperation.

Focus Areas

The summit will discuss key areas such as trade facilitation, regional connectivity, energy security, inclusive growth and sustainable development. These focus areas are crucial for enhancing economic ties and promoting greater regional cooperation.

Objective of the Summit

The primary goal of the BIMSTEC Business Summit is to promote strong trade and investment ties among BIMSTEC member countries. By bringing together key stakeholders, the event aims to explore new avenues for economic cooperation and promote sustainable development across the region.

Conclusion

The BIMSTEC Business Summit in New Delhi presents an important opportunity for member countries to strengthen economic ties and seek collaborative solutions to common challenges.

The summit’s focus on trade facilitation, regional connectivity and sustainable development underscores its commitment to promote inclusive growth and economic integration in the Bay of Bengal region.