Collaboration With ASEAN To Play An Important Role In India's $5 Trillion Economy

The Union Minister of State (I/C) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Jitendra Singh said that India will soon achieve the target of 5 trillion USD economy target with the optimistic environment that has been created under the leadership of Prime Minister Shri Narendra Modi. He said that collaboration with ASEAN countries will play an important role in meeting the target of 5 trillion economy in India and the contribution of North eastern states can also not be underestimated in it. He was addressing at the Inaugural Session of 2-day India-ASEAN Business Summit.

Jitendra Singh said that for ease of doing business, there are three essentials, which are:i). Connectivity, ii). Communication and iii). Ease of regulations.Giving the example of North East, the Minister said that connectivity in NE has been the main focus of the current Government, with Sikkim getting its first airport last year. He said that that Itanagar will also soon get an airport. He also mentioned about train connectivity in Arunachal Pradesh and Meghalaya. He further said that we are in the process of flagging off first train to Bangladesh from Agartala. The Minister also mentioned the Inland waterways developed by the government down the Brahamputra river, which is one of the largest rivers of the world. While quoting the importance of waterways in the economy, the Minister said that the cost of cargo transportation by waterways is one fourth of the cost by train.

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