Act East Policy Current Affairs

6th International Tourism Mart 2017 held in Assam

The 6th International Tourism Mart (ITM) 2017 was held in Guwahati, Assam. It was inaugurated by Assam Governor Jagdish Mukhi, Chief Minister Sarbanand Sonowal and Union Tourism minister K L Alphons.

The three day program was organized by Union Ministry of Tourism in association with all North Eastern states.

Key Facts

The focus areas of 6th ITM was to spotlight on India’s “Act East Policy”, blossoming ties with ASEAN and larger East Asia region, home to world’s rapidly growing economies and India’s emerging tourism markets. It also held oanel discussions, workshops, business to business (B2B) meetings, cultural programs. Senior officials from Railways, Civil Aviation, DoNER, Road Transport ministry also shared their views for betterment of tourism sector of North East including Assam.

International Tourism Mart

The International Tourism Mart is an annual event organised in North Eastern States on rotation basis. Its objective is to highlight tourism potential of region in domestic and international markets. It also brings together tourism business fraternity and entrepreneurs from the eight North Eastern States. The earlier editions of this mart were held in Guwahati, Shillong, Tawang, Gangtok and Imphal.

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4th India-CLMV Business Conclave held in Jaipur

The fourth edition of India – CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) Business Conclave was held in Jaipur, capital of Rajasthan.

The two-day conference organised by Department of Commerce and Confederation of Indian Industry (CII) held deliberations on manufacturing, renewable energy, agriculture and skilling among others sectors in the region.

Key Facts
  • The conference was aimed at identifying specific project opportunities and seeks business partnerships in the region. It consisted of business to business meetings and sectorial sessions.
  • The conclave focused on sectors such as Pharma, Healthcare, manufacturing, Agri Business, Food processing, Gems and Jewellery, Textiles, Leather, Renewable Energy and education.
Background

The CLMV conclave is an annual event which provides an opportunity for Indian business leaders to interact with government and business stakeholders representing these four Southeast Asian countries. It facilitates to create and provide a platform for the decision makers from CLMV countries to interact with a range of Indian business companies involved in manufacturing, processing, trading, engineering, consultancy, construction etc.

Importance of CLMV countries

Cambodia, Lao PDR, Myanmar and Vietnam collectively are the third largest economy in ASEAN, followed by Indonesia and Thailand.  Due to close proximity, India is looking to boost trade and investment with the CLMV countries and South east region as part of the ‘Act East’ policy announced by Prime Minister Narendra Modi during the 12th India – ASEAN Summit in 2014 held in Myannmar. In the last 10 years, India’s trade with the CLMV countries has grown from $1.5 billion to more than $10 billion.

CLMV Countries

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