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India leads BIMSTEC’s new business council to boost regional trade, connectivity, and economic growth.
ASSOCHAM has launched India’s leadership of the BIMSTEC Business Council, aiming to boost regional economic cooperation among Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand ahead of the bloc’s 30th anniversary.
The initiative focuses on enhancing trade, connectivity, and support for MSMEs, with priorities in manufacturing, fintech, agritech, renewable energy, and the blue economy.
India’s role as the India Secretariat under the Ministry of External Affairs seeks to strengthen supply chain resilience and regional self-reliance in energy and health security.
A $5 trillion economic opportunity has been highlighted, with plans to establish a BIMSTEC Chamber of Commerce and Industry and advance industry-government collaboration to turn policy into action.
Diplomatic representatives from all member nations supported the effort, emphasizing the need for deeper integration and sustainable growth.
India lidera el nuevo consejo de negocios de BIMSTEC para impulsar el comercio regional, la conectividad y el crecimiento económico.