India’s Act East policy Current Affairs - 2020

Facts Box: ASEAN-India Business Council Meet

The Union Minister of Commerce and Industry Piyush Goyal addressed the Association of South East Asian Nation-India Business Council meet. Highlights During the meet, minister emphasized on 3Cs namely Cooperation, Collaboration and Commitment. He also highlighted to use full trade potential addressing concerns of members and businesses. It also agreed to review ASEAN-Trade in Goods Read More…

India-Bangladesh to open inland waterways

India and Bangladesh will open new inland waterway from September 3, 2020. This is based on the agreement signed by the countries in May 2020 on Inland Water Transit and Trade. The number of IBP (Indo-Bangladesh Protocol) routes were increased from eight to ten. Highlights India’s North East is a prisoner of Geography. Being landlocked Read More…

Manipur- the major role player of Act East Policy

India has been focusing on Act East Policy lately with a strong motive of developing the North East. Out of all the North Eastern States, Manipur has evolved the major supporter of Act East Policy. Measures The GoI and the Manipur Government have taken several measures together in order to make the Act East Policy Read More…

World Bank’s 300 million USD plan to Develop Kolkata

The World Bank has submitted a master plan to develop logistics infrastructure of Kolkata metropolitan area. The bank is to invest 300 million USD in the project. The Government entities participating in the deal includes CII and the West Bengal Industrial Development Corporation. The focus of the project is to be on construction of rail, Read More…

India-ASEAN Business Summit

On 19 October, 2019, the 4th India-ASEAN Business summit and the India-Philippines Business Conclave was organized. President Ram Nath Kovind who is on a 7-day official visit to Philippine and Japan addressed the summit. Highlights of the address ASEAN-India trade relations are important for India to achieve its Act East Policy. The ASEAN-India trade increased Read More…