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ADB – CII conference on "Promoting Mekong-India Economic Cooperation"
HighLights
 
  • To enhance India - Mekong Economic Cooperation, Mr. Salman Khurshid, Minister of External Affairs highlighted the need to improve connectivity between India and the Mekong region. Mr. Khurshid was speaking at a Conference on “Promoting Mekong India Economic Cooperation” jointly organized by the Asian Development Bank (ADB) and the Confederation of Indian Industry (CII) here today. The Mekong countries include Myanmar, Cambodia, Vietnam and Thailand.

    The Minister stressed the importance of stepping up the level of infrastructure financing in all the countries of the region to promote connectivity in terms of land, maritime and air. He requested ADB and other multilateral institutions to step up their engagement with the region in this regard.

    He pointed out that the trade between India and the Mekong region grew from USD 2 billion to USD 17.4 billion over the past decade thereby recording a compound annual growth rate (CAGR) of nearly 25%. It is with this in mind, he termed the Mekong – India Economic Cooperation as a win-win proposition.

    He felt that the Delhi – Mumbai Industrial Corridor (DMIC) could be a good model to follow whereby industrial development is being promoted all along the entire stretch of the corridor.

    He was of the view that to promote business ties between the India and the Mekong region countries, there is a need for all countries to ease the process of issuance of visas as well as to grant longer validity for business purposes.

    He also requested that all the countries concerned need to ensure that there is mutual recognition of professional qualification to promote further growth of services trade.


    He also pointed out that India and ASEAN would conclude the FTA in Services shortly and this would pave the way for the negotiations on the Regional Comprehensive Economic Partnership (RCEP).

 

  • In his address, Mr. Pan Sorasak, Secretary of State, Ministry of Commerce, Cambodia stated that Cambodia is looking forward to cooperation with India. He stressed on the complementarities between India and Cambodia. Cambodia has water, land and other resources while India has the capital, technology and management expertise. He felt that this combination could result in greater bilateral cooperation. He also highlighted the large pool of skilled manpower in India which Cambodia can take advantage of

 

  • Mr. Nguyen Cam Tu, Deputy Minister, Ministry of Industry and Trade, Vietnam in his address stressed the importance of multimodal transport systems in connecting India and the other countries in the region. He felt that to improve the management of the Mekong India Economic Corridor, there is a need to adopt ICT and GPS based logistics systems.

    In addition to improving physical connectivity, he was of the view that trade facilitation measures like customs integration, simplification of procedures etc. needed to be carried out in all the countries.

 

  • While addressing the conference, Mr. S Gopalakrishnan, President, CII stated that in order to take advantage of the enormous opportunity presented by the Mekong countries, India needed to strengthen its manufacturing base. He also suggested that India and Mekong countries could cooperate in areas such as healthcare, IT and education among others.
     
  • Earlier in his welcome address, Mr. Chandrajit Banerjee, Director General, CII stated that India and the Mekong region have had long historical linkages. He pointed out that that the Mekong region is critical for India in light of its Look East Policy initiated in 1992. In this context, he felt that the trade target of US$ 100 billion by 2015 was indeed significant and achievable.

 

  • The conference was attended by over 175 delegates with around 50 delegates from the Mekong countries. Amongst the issues discussed at the conference were “Trade Facilitation and Trade Finance”, “Energy Security and Power Trade and “Financing Regional Infrastructure”.
 
Description

“Unleashing Opportunities for Femonomics in the Corporate Sector” on 19 November, 2013 at New Delhi.

The concept of the Mekong-India Economic Corridor (MIEC) has been under consideration for several years as a major India-ASEAN connectivity initiative. Integrating the four Greater Mekong Countries viz. Myanmar, Thailand, Cambodia and Vietnam with India through its east coast and north–east region, it links vibrant emerging economies through a network of land and sea infrastructure.

On the land route, the MIEC is proposed to connect Ho Chi Minh City (Vietnam) with Dawei (Myanmar) via Bangkok (Thailand) and Phnom Penh (Cambodia) with India’s north east region. On the sea route, Chennai on the eastern coast of India would connect to Bangkok, and hinterland to Vietnam and Cambodia in the eastern direction and Myanmar to the west.

The Corridor is envisaged as a dynamic industrial region comprising large investment zones, rapid port and rail connectivity, and smart cities. World class infrastructure as well as ICT facilities would be part of the project to create new supply chains linking India’s large and vibrant markets to resources and production facilities in the ASEAN member countries. These economies will further integrate and collectively emerge as a globally competitive economic bloc.

Knowledge Resources
You will get access to following Knowledge Resources by subscribing to the Digital Library of this event.
 
Promoting Mekong-India Economic Cooperation - A perspective by Mr Chandrajit Banerjee, Director General, CII
Mr S Gopalakrishnan, President, CII at the Inaugural Session of the ADB – CII Conference on “Promoting Mekong-India Economic Cooperation”
Mr Pan Sorasak, Secretary of State, Ministry of Commerce, Cambodia at the Inaugural Session of the ADB – CII Conference on “Promoting Mekong-India Economic Cooperation”
Mr Nguyen Cam Tu, Deputy Minister, Ministry of Industry and Trade, Vietnam at the Inaugural Session of the ADB – CII Conference on “Promoting Mekong-India Economic Cooperation”
Mr Salman Khurshid, Minister of External Affairs, India on ADB – CII Conference on “Promoting Mekong-India Economic Cooperation”
Mr Rajat M Nag, Managing Director General, Asian Development Bank at the Inaugural Session of the ADB – CII Conference on “Promoting Mekong-India Economic Cooperation
Mr Rajat M Nag, Managing Director General, Asian Development Bank on “Physical Connectivity: Missing Links and New Routes”
MGC – India Road Connectivity by Mr Vijay Chhiber, Secretary (RT&H), Ministry of Road Transport & Highways, India
A Panel discussion on “Physical Connectivity: Missing Links and New Routes”
An open house discussion on “Physical Connectivity: Missing Links and New Routes”
Mr Rajat M Nag, Managing Director General, Asian Development Bank on “Physical Connectivity: Missing Links and New Routes”
Mr T C A Ranganathan, Chairman & MD, Export-Import Bank of India, India on “Trade Facilitation and Trade Finance”
Mr Ronald Antonio Q. Butiong, Unit Head, South Asia Subregional Economic Cooperation, Regional Cooperation and Operations Coordination Division, South Asia Department, Asian Development Bank on “Trade Facilitation and Trade Finance”
Mr Yoshiro Kosaka, Head World Customs Organisation, Asia Pacific/Regional Office for Capacity Building (RCOB), Thailand on “Trade Facilitation and Trade Finance”
Mr Can Van Luc, Senior Executive VP, Bank of Investment and Development of Vietnam on “Trade Facilitation and Trade Finance”
Ms Chhorn Dalis, VP, FASMEC & MD, PLR Co. Ltd, Cambodia on “Trade Facilitation and Trade Finance”
An Open house discussion on “Trade Facilitation and Trade Finance"
Mr T C A Ranganathan, Chairman & MD, Export-Import Bank of India on “Trade Facilitation and Trade Finance
Mr Vaibhav Chaturvedi, Research Fellow, Council on Energy, Environment and Water, India on “Energy Security and Power Trade”
Mr S C Sharma, OSD Petroleum, Planning Commission, Government of India on “Energy Security and Power Trade”
Mr Tun Lean, Under Secretary of State, Ministry of Industry, Mines and Energy, Cambodia on “Energy Security and Power Trade”
Mr Andrew Jeffries, Principal Energy Specialist, South Asia Department, Asian Development Bank on “Energy Security and Power Trade”
Mr Hideaki Iwasaki, Principal Infrastructure Specialist, Southeast Asia Department, Asian Development Bank on “Energy Security and Power Trade”
An open house discussion on “Energy Security and Power Trade”
Mr Vaibhav Chaturvedi, Research Fellow, Council on Energy, Environment and Water, India on “Energy Security and Power Trade”
Mr Juan Miranda, DG, South Asia Department, Asian Development Bank on “Financing Regional Infrastructure”
Ms Sharmila Chavaly, Joint Secretary (Infrastructure), Department of Economic Affairs, Ministry of Finance, India on “Financing Regional Infrastructure”
Mr Chris Sutcliffe, Global Head of Project Finance Syndication, Standard Chartered Bank, Dubai on “Financing Regional Infrastructure”
Mr Shailesh Pathak, President, Srei Infrastructure Finance Ltd, India on “Financing Regional Infrastructure”
Mr Paritosh Gupta, CEO, IL&FS, India on “Financing Regional Infrastructure”
Mr Arjun Goswami, Director-Regional Economic Integration, Asian Development Bank on “Financing Regional Infrastructure”
An open house discussion on “Financing Regional Infrastructure”
Mr Juan Miranda, DG, South Asia Department, Asian Development Bank on “Financing Regional Infrastructure”
Mr Juan Miranda, DG, South Asia Department, Asian Development Bank at the Closing Session of the ADB – CII Conference on “Promoting Mekong-India Economic Cooperation”
Concluding remarks at ADB – CII Conference on “Promoting Mekong-India Economic Cooperation”
 
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Participant TypeAmount (in Rs)
Member
2000
NonMember
3000