barCreated with sketchtool.
PM Modi's BIMSTEC Vision Benefits Bengal
Apr 17, 2025 01:54 pm
By
infodivyadelhi

Divya Delhi:  Grand statements aren't needed for regional associations like BIMSTEC, which includes seven South and Southeast Asian nations. Practical architecture is needed now. The 21-point action plan discussed at the recent BIMSTEC conference in Bangkok, Thailand, may offer a chance. Narendra Modi's proposal may create sustainable partnerships between member-countries to negotiate dependency, climate risk, and digital change. The timeliness and modest goals of the plan have made it significant. The under-networked Bay of Bengal region affects supply chain resilience, energy connection, and climatic vulnerability. Maintaining the partnership for regional growth requires coordinated cooperation on crucial problems. Establishing a Bay of Bengal Chamber of Commerce and holding an annual business conference will benefit the region. Emphasis on business and commerce recognizes that economic integration is necessary for regional integration and global disruption prevention. Exploring local currency trading would reduce sensitivity to external financial disruptions.