Ummid Assistant

'Pay Zakat ul Fitr to mend mistakes while fasting'

IGNOU trains teachers to develop online courses

Welcome Guest! You are here: Home » Business & Economy

India backs economic integration of South Asia

Friday September 09, 2011 03:17:04 PM, IANS

Related Article

Implement SAFTA in letter and spirit: Pakistani lawmaker

The South Asian Free Trade Agreement (SAFTA) should be implemented in letter and spirit to ensure greater economic integration among south Asian countries, a Pakistani lawmaker said here Thursday. "There is a   »

New Delhi: Ahead of the SAARC summit in the Maldives in November, India has pushed for "progressive economic integration" of South Asia and underlined the need for expanding intra-regional trade and investment.

"We all know, of course, that our region is among the least economically integrated in the world; there are adequate studies that offer statistics in this regard," External Affairs Minister S.M. Krishna said Thursday night at a dinner in honour of representatives from South Asian Association for Regional Cooperation (SAARC) countries participating in the first South Asia Forum.

"However, for me, the litmus test of integration is really whether we are able to make it viable for our businesses to expand intra-regional trade and investment flows," Krishna said while urging the forum to "assemble a robust argument in favour of progressive integration of the region".

"If this can be incentivised either through policy measures or by means of forward-looking steps by our premier chambers of commerce and industry, the connective tissue of a South Asian economic community can begin to be created," he said.

The two-day South Asia Forum started Thursday, with an inaugural address by Montek Singh Ahluwalia, deputy chairman of the Planning Commission. The overarching theme for the first South Asia Forum would be "Integration in South Asia: Moving Towards a South Asian Economic Union".

Touted as a Track 1.5 initiative, the South Asia Forum brings together government functionaries businessmen, media and academics to generate 'out of box ideas' for facilitating greater regional economic integration and people-to-people contact in the region.

Krishna also called for enhancing the participation of civil society in the SAARC integration process.

"However, for future editions of the Forum, we may perhaps need to consider widening representation from civil society, media, academia and business, while proportionately reducing the scale and extent of governmental presence," he said.

"It is only through an expansion in the number of stake-holders in the processes of regional cooperation that we can create a critical mass in favour of deepening and widening integration in our region. The South Asia Forum creates precisely such a platform," he said.

The Maldives will host the two-day SAARC summit at its capital Male beginning Nov 10. India, Pakistan, Bangladesh, Nepal, Sri Lanka, the Maldives, Bhutan and Afghanistan are part of SAARC.




Bookmark and Share

Home | Top of the Page



Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS




Top Stories

Delhi blast: Investigators still grappling for clues, toll 13

Investigators probing the Delhi High Court bombing were Thursday grappling for clues to identify the perpetrators, a day after a powerful explosion   »

Now 'Indian Muzahiddin' email claims Delhi blast

OIC condemns Delhi blast

Kashmiris express shock and anger at Delhi attack


  Most Read

The burden of being Muslim

The torture wasn’t limited to those arrested; the police used every trick in the book to make their victims ‘confess’. Family members were also subjected to torture. Ataur Rahman, in his mid-60s, lived in Mumbai with  »

Muslim paper takes up Hindu cause, furthers oneness

Don't kill cows and don't eat beef - that's the message of harmony a Muslim editor in Uttar Pradesh has been sending out to the community since 1998 when he began a newspaper to bridge divides in the communally sensitive state. The Daastaan-e-Awadh, which used to be in Urdu but is   »


  News Pick

US to veto Palestinian bid for statehood at UN

Washington will veto any Palestinian effort to seek a statehood at the UN Security Council (UNSC), said the US government Thursday.  »

Palestinian official hits out at US policy on UN bid

Seven more Vidarbha farmers commit suicide in last 48 hours

With seven cotton growers committing suicide in the past two days, a total 514 farmers have so far killed themselves in 2011 alone in the Vidarbha region of Maharashtra, an NGO fighting for   »

Monsoon session ends; Parliament adjourns sine die

Both houses of parliament were adjourned sine die Thursday after the monsoon session that began Aug 1, with Rajya Sabha Chairman M. Hamid Ansari and Lok Sabha Speaker Meira Kumar regretted the loss of working   »


Picture of the Day

The 27th of Ramadan (August 26, 2011 this year), "Laylet al-Qadr" (Night of Power), is one of the holiest nights of the Islamic calendar, the night when the Quran began to be revealed to the Prophet Muhammad (Peace be upon him). Millions from around the world visit the Grand Mosque in Makkah from all over the world and pray over the night.



RSS  |  Contact us


| Quick links



Subscribe to

Ummid Assistant






About us




Government Schemes










Contact us





      Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2010 Awaz Multimedia & Publications. All rights reserved.