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Business Standard
|April 07, 2025
Bimstec needs to move faster
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Twenty-eight years after its inception, member-countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, or Bimstec, appear to have attempted to instill a greater sense of purpose by adopting a Bangkok Vision 2030, outlining a road map for regional prosperity. The aim is to build a "prosperous, resilient and open" or "PRO" Bimstec by 2030 and create a zone of peace, stability, and economic sustainability in line with the United Nations' Sustainable Development Goals and Thailand's bio circular-green economic model, which focuses on creating a low-carbon ecosystem. This sixth summit, hosted by Thailand under its chairmanship, saw some energetic interventions by India as part of the "PRO" agenda. The initiatives unveiled by Prime Minister Narendra Modi in Bangkok ranged from Bimstec Centres of Excellence, focusing on disaster management, sustainable maritime transport, traditional medicine, and agri-research, to a "Bodhi Programme" for skill development, a pilot study for digital public infrastructure, a Bimstec chamber of commerce and
This story is from the April 07, 2025 edition of Business Standard.
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