Sunday, July 6, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Exports

Industry told to play big role in Central Asian Markets

Fiinews by Fiinews
February 21, 2020
in Exports, Industry Sectors, Investment, Manufacturing, Projects
Reading Time: 2 mins read
A A
0
Ficci Jaishankar
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Jaishankar calls for air corridors

 

FICCI.

The Indian industry should play a big role within the framework of the India-Central Asia Dialogue in line with the government’s commitment to have a vibrant partnership.

This call was made by Minister of External Affairs Dr S Jaishankar at the ‘India-Central Asia Business Forum’ held 6 Feb 2020 jointly by the Ministry and FICCI.

“As the larger economy, I call upon Indian businesses to take greater interest in the Central Asian market,” and expressed hope that India’s economic growth in our extended neighbourhood would grow exponentially in the coming years,” he said at the launch of ‘India-Central Asia Business Council’ in New Delhi.

Great potential exists in enhancing trade and economic engagement between India and Central Asia but lack of efficient overland connectivity is a major challenge, he pointed out.

India proposes to overcome this challenge through Iran’s Chabahar route, for which the Union Budget has allocated Rs.100 crore in FY 2020-21.

“India, Iran and Afghanistan believe that Chabahar will become the fulcrum of connectivity for Indian goods to reach Afghanistan and further north to Central Asian states and for the landlocked Central Asia to find access to ocean through this port,” Dr Jaishankar said.

He also emphasized on the need to examine the viability of establishing air corridors between India and the Central Asian states.

“While flying time from Delhi for most of the Central Asian destinations is 2 hours, it may take 2 months for containers sent overland from India to reach these places. Availability of air corridors can boost trade in perishable goods, agricultural and food products,” said the Minister.

He encouraged FICCI to take lead in bringing together stakeholders to examine the potential of air corridors.

Dr Jaishankar also highlighted tourism and higher education as sectors of tremendous potential.

“Medical tourism to India from Central Asia has a great demand. In the field of education, a good beginning has been made with the opening of Indian private universities in Uzbekistan,” he said.

The India-Central Asia Business Council will constitute four Working Groups in areas of energy; Agro, Food Processing and textiles; Tourism and Pharmaceutical and Life-sciences, elaborated FICCI President Dr Sangita Reddy.

The council is being developed as an institutionalized platform for promoting trade and investment ties between India and the Five Central Asian countries namely Kyrgyz Republic, Kazakhstan, Tajikistan, Turkmenistan and Uzbekistan.

“We understand a concrete beginning has been made and we, the Indian industry, are of the firm view that the initiative shall go a long way for our countries to redraw and weave ‘New Silk Route’ that shall bind India and would allow it to rediscover its long-standing cultural, economic and civilizational bond with strategically important Central Asian countries,” said Dr Reddy. fiinews.com

Tags: FICCIMinistry of External Affairs.
ShareTweetShare

Related Posts

SOPA
Exports

Export: India to ship non-GMO soybean to EU

by Fiinews
July 6, 2025
0
12

Global demand for deforestation-free non-GMO soy rises Indian non-GMO soy is a natural fit for EU buyers seeking sustainable and...

FICCI
Manufacturing

Manufacturing: Framework on Drones by Sep-Oct

by Fiinews
July 6, 2025
0
15

Lt Gen Singh urged industry to invest more on component level R&D Lt Gen Rahul R Singh, Deputy Chief of...

Amet

Project: Joint maritime professionals launched

July 6, 2025
16
Pm Modi Port Of Spain

Projects: PM discuss potential collaboration in T&T

July 6, 2025
14
Toy Biz International2

Export: India supplies toys to 153 countries

July 6, 2025
19
IPA

Invest: Serendipity Space raises pre-seed round

July 5, 2025
17
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Export: India to ship non-GMO soybean to EU
  • Tender: Take care of new urban development
  • Manufacturing: Framework on Drones by Sep-Oct
  • Project: Joint maritime professionals launched
  • Market: Daimler bullish on construction sector

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.