The two sides established 30 dialogue mechanisms, including high-level and minister-level meetings across fields, he said at a conference to look back the 25 years of the ASEAN-India relations in New Delhi on December 13. A conference was held in New Delhi on December 13 to look back the 25 years of the ASEAN-India Partnership. Cooperation between ASEAN and India will support each other to reach stronger development as both sides account for a quarter of the world’s population with a total GDP of 3,800 billion USD, according to the diplomat.ASEAN is India’s fourth largest trade partner, with two-way trade reaching 71.69 billion USD in 2016-2017 compared to 30.09 billion USD in 2007-2008. Investment from ASEAN to India surged by 70 billion USD over the past 17 years, making up over 17 percent of India’s total foreign direct investment (FDI), while India’s investment to the bloc reached over 40 billion USD in the same period. The Ambassador said the … [Read more...] about India promotes relations with ASEAN
India
GE and Tata partner to make engine components in India
Under the agreement signed on Nov 29, but not made public until Thursday, the two firms said they would build components for CFM International's LEAP engines used in commercial jets.CFM is a joint venture between GE and French company Safran Aircraft Engines.Tata and GE will also pursue military engine and aircraft system opportunities for the India market, the companies said in the statement.India, the world's largest defence importer, wants to build more of its hardware in country and reduce reliance on costly military purchases.Under a new policy, it is inviting global military manufacturers to set up shop as minority partners in India.Under the strategic partnership model it hopes to manufacture fighter jets, armoured vehicles, helicopters and submarines locally.Airbus Group, Lockheed Martin, Saab and the Naval Group are some of the companies eyeing potential deals, worth tens of billions of dollars, across these categories.The government hopes these deals can boost local … [Read more...] about GE and Tata partner to make engine components in India
India to hold major event to foster investment, trade ties
India to hold major event to foster investment, trade tiesBy Binh Nguyen - The Saigon Times DailyThe ASEAN North-East India Investment and Trade Opportunities Summit in the southern economic center of Vietnam is a result of the multifaceted ties between India and Vietnam which have developed strongly in recent years, explained Dilbagh Manmohan Singh, vice chairman of the Indian Business Chamber in Vietnam.He said such cooperation would help strengthen the regional integration among the Southeast Asian countries to unlock and unfold business opportunities, and that the recent visit of the Indian president to Vietnam confirmed India’s desire to move along this path of progress.As one of the fastest growing economies in Southeast Asia, Vietnam offers significant trade and investment opportunities similar to those in the North East of India, Singh said.He said more than 150 government and business delegates from India would participate in the event, which is being organized by the … [Read more...] about India to hold major event to foster investment, trade ties
Vietnam attends ASEAN Natural & Organic Show in India
The event was held in Kolkta city of the western state of Bengal by the Associated Chambers of Commerce and Industry of India (Assocham) as part of the activities to mark the 45th anniversary of Vietnam-India diplomatic ties and 25th anniversary of ASEAN-India dialogue relations. The Vietnamese firms brought clean coffee, tea and spices and soil fertilising organic products. (Photo for illustration: infonet.vn) Nearly 80 businesses from Vietnam, Singapore, Thailand, Malaysia, the Philippines, Bangladesh, and Russia and close to 200 Indian firms are offering a variety of products such as pharmaceuticals, cosmetics, food supplements, foods, beverages, herbs, decorations, crafts, and natural essential oil.The Vietnamese firms brought clean coffee, tea and spices and soil fertilising organic products. The natural and organic market in the Association of Southeast Asian Nations (ASEAN) is evaluated to hold a lot of potential. Its value is forecast to reach over 4.4 billion USD with … [Read more...] about Vietnam attends ASEAN Natural & Organic Show in India
VN promotes tourism in India
Speaking at the launch, Director General at the Ministry of Tourism Satyajeet Rajan said he hopes the two sides will expand cooperation in education-training and human resources development.He agreed with the proposal of establishing a direct air route between the two countries to increase the number of holidaymakers to the respective countries.In turn, VNAT Deputy Head Ngo Hoai Chung said that the Viet Nam-India tourism cooperation has seen significant developments in recent years, along with the development of the traditional friendship and comprehensive attracting the participation of a large number of agencies, associations and tourism enterprises from the two countries.Viet Nam has become an increasingly popular destination for Indian tourists and the South Asian country has been one of the most popular tourist destinations for Viet Nam, Chung said, adding that during a visit to Vietnam by Indian President Narendra Modi in January this … [Read more...] about VN promotes tourism in India
Jet Airways launches India-Vietnam service
Jet Airways launches India-Vietnam serviceLe Anh By Le Anh - The Saigon Times Daily HCMC - Jet Airways has extended its daily service to HCMC from Bangkok to offer air connections between Vietnam and its hubs in Delhi and Mumbai in India. The new service was launched less than one month after the signing of a memorandum of understanding between Jet Airways and Vietnam Airlines in mid-September. Under the agreement, the two carriers operate and jointly promote direct air services. As scheduled, Jet Airways’ Flight 9W 063 takes off at Tan Son Nhat International Airport at 6:15 p.m. and arrives in Delhi at 11:59 p.m. (local time). On the return, the carrier’s Flight 9W 064 departs from Indira Gandhi International Airport at 8:55 a.m. and lands on Tan Son Nhat Airport at 5:15 p.m. For the guests wanting to travel to Mumbai, Jet Airways provides connecting Flight 9W 067 which leaves Bangkok at 9:35 p.m. … [Read more...] about Jet Airways launches India-Vietnam service
VN attends ASEAN-India Connectivity Summit
Deputy Minister of Information and Communications Phan Tam speaks at the ASEAN-India Connectivity Summit (Source: VNA) Addressing the event, Tam highlighted close cooperation between ASEAN and India over the past 25 years to promote peace, stability and prosperity, for the sake of people of the two sides. He held that the summit will create an opportunity for ASEAN and India to exchange viewpoints and information about cooperation in key spheres like information and communications technology (ICT), transport, education and human resources development. ASEAN prioritises digital and natural connectivity with dialogue countries while implementing the Master Plan on ASEAN Connectivity 2025, he said, noting that ASEAN welcomes new commitments made by the Indian Government to promoting collaboration in technical and financial support to group. Expressing his belief that the summit will contribute to raising the ASEAN-India strategic partnership to a new high, Tam … [Read more...] about VN attends ASEAN-India Connectivity Summit
ASEAN, India step up digital connectivity
At the summit The two-day event aims to promoteprospects for digital and physical linkages between ASEAN and India, identifyrelevant matters, implement proposals on suitable policies and developstrategies enhancing economic, industrial and commercial ties between the twosides. ASEAN brings together ten countries,including Brunei, Cambodia, Indonesia,Laos, Malaysia, Myanmar,the Philippines, Singapore, Thailandand Vietnam. ASEAN and India have a total population of1.85 billion, making up a quarter of the world’s total figure. Their accumulated gross domesticproduct (GDP) is expected to exceed 3.8 trillion USD. Two-way trade revenuestood at 65.04 billion USD in 2015-2016, accounting for 10.12 percent of thetotal trade value between Indiaand the world. Indian Prime Minister Narenda Modihas recently affirmed that enhancing India-ASEAN connectivity by road, sea andair routes is India’stop priority. He said the India-Myanmar-Thailand Trilateral Highwaywill be … [Read more...] about ASEAN, India step up digital connectivity
Vietnam attends ASEAN-India Connectivity Summit
Deputy Minister of Information and Communications Phan Tam speaks at the ASEAN-India Connectivity Summit (Source: VNA) New Delhi (VNA) – A Vietnamese delegation led by Deputy Minister of Information andCommunications Phan Tam is attending the ASEAN-India Connectivity Summit whichopened in India’s capital city of New Delhi on December 11. Addressing the event, Tam highlighted close cooperation between ASEAN and Indiaover the past 25 years to promote peace, stability and prosperity, for the sakeof people of the two sides. He held that the summit will create an opportunity for ASEAN and India toexchange viewpoints and information about cooperation in key spheres likeinformation and communications technology (ICT), transport, education and humanresources development. ASEAN prioritises digital and natural connectivity with dialogue countrieswhile implementing the Master Plan on ASEAN Connectivity 2025, he said, notingthat ASEAN welcomes new commitments made by the … [Read more...] about Vietnam attends ASEAN-India Connectivity Summit
Five elephants killed by train in India
A train has struck and killed five elephants as they crossed over tracks at a tea plantation in northeast India, an official said Monday. Many busy migratory routes have been cut by roads and railway lines in India's Assam and West Bengal states, increasing the risk of accidental elephant deaths The elephants, including a pregnant female, were part of a larger herd wandering through the plantation early Sunday in Assam state, home to India's biggest wild elephant population, when they were mowed down by the train."All five elephants died on the spot. A stillborn calf was later removed from the pregnant female," said Vikas Brahma, head of Assam's forest department.Brahma told AFP it was uncommon for elephants to move through that section of Assam, a thickly-forested state famed for its tea and wildlife, and officials were unaware there were herds in the area.Railway authorities have been issuing alerts about elephant herds passing through the state to prevent accidents.But a … [Read more...] about Five elephants killed by train in India