India is hosting the first BIMSTEC Business Summit in New Delhi from August 6-8. The Ministry of External Affairs, in association with the Confederation of Indian Industries (CII), will host the three-day event. External Affairs Minister S Jaishankar will inaugurate the Business Summit. Union Minister of Commerce and Industries Piyush Goyal and other leaders will deliver key note addresses, the Ministry of External Affairs (MEA) said.
Several Ministers of the BIMSTEC Member States from the ambit of Trade, Commerce and Industry, as well as Energy, along with high-ranking Government officials, policy makers, entrepreneurs and industry associations, will participate in the event.
In the press release, the MEA stated, “The first edition of the Business Summit aims to foster greater regional collaboration through robust trade and investment relations among the member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).”
The event will bring together over 300 key stakeholders from across the Bay of Bengal region to facilitate economic collaboration and explore ways ahead in focus areas like trade facilitation, regional connectivity, energy security, inclusive growth and sustainable development.
The MEA noted, “India attaches great importance to Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation (BIMSTEC), which links five countries from South Asia (Bangladesh, Bhutan, Nepal, India & Sri Lanka) and two from South-East Asia (Myanmar & Thailand).”
