India to help build economic, security architecture in Asia: PM

Image
IANS Bandar Seri Begawan (Brunei)
Last Updated : Oct 10 2013 | 12:45 PM IST

Prime Minister Manmohan Singh Thursday reaffirmed India's commitment to building a regional architecture of economic and security cooperation in Asia, saying the need for such collective action and collaboration is more acute now because of the global economic uncertainty and political turmoil in some parts of the world.

He also said India was keen to enter into a dialogue and cooperation with like-minded countries on innovative means of financing infrastructure and stressed that building of physical infrastructure needs to go hand-in-hand with creation of soft infrastructure.

India welcomed Brunei's initiative to hold a meeting of the Association of Southeast Asian Nations (ASEAN) Connectivity Coordinating Committee and the East Asia Summit later this year, he added.

"Asia has been a late starter in terms of building regional architectures of cooperation. We have embarked on this collective journey in large part because of the outstanding vision and leadership of ASEAN, first in pursuing ASEAN integration and then expanding it to the wider region.

"We will be successful if we adhere to the principles of unity, cooperation and integration that have guided ASEAN and if ASEAN centrality continues to shape the East Asia Summit processes. I reaffirm India's commitment to contribute to this process," the prime minister said at the 8th East Asia Summit in this Brunei capital.

The East Asia Summit (EAS) comprises the 10 ASEAN countries and their eight dialogue partners, including India, and has emerged as a premier forum for economic and security dialogue in the Asia-Pacific.

He said the need for collective action, cooperation and collaboration in the Asia Pacific region had never been felt more acutely as it is now.

"Global economic uncertainty and political turmoil in other parts of the world have impacted countries in our region equally. In addition, this vast region faces challenges arising not only from its diversity, but also from differences. Clearly, the potential of unprecedented prosperity for our peoples can be realized only by inculcating a cooperative temper," the prime minister said.

(Saroj Mohanty can be contacted at saroj.m@ians.in)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 10 2013 | 12:42 PM IST

Next Story