Left Menu
Development News Edition

Vietnam important for India's Indo-Pacific Ocean's Initiative: Senior diplomat

The comments by Secretary (East) in the MEA Riva Ganguly Das came at a time India is attempting to further strengthen maritime security ties with key member countries of the 10-nation ASEAN in the wake of China's growing assertiveness in the Indo-Pacific region. "Today, our comprehensive strategic partnership spans a wide-range of collaboration – from political engagement to economic and development partnership, defence and security cooperation, energy cooperation, cultural exchanges and people-to-people contacts," Das said at a virtual meeting of India-Vietnam Business Forum.

PTI | New Delhi | Updated: 20-10-2020 18:30 IST | Created: 20-10-2020 18:30 IST
Vietnam important for India's Indo-Pacific Ocean's Initiative: Senior diplomat

Vietnam is an important partner in India's 'Indo-Pacific Ocean's Initiative' which is based on shared values and interests in promoting peace, stability and prosperity in the region, a senior official of the Ministry of External Affairs (MEA) said on Tuesday. The comments by Secretary (East) in the MEA Riva Ganguly Das came at a time India is attempting to further strengthen maritime security ties with key member countries of the 10-nation ASEAN in the wake of China's growing assertiveness in the Indo-Pacific region.

"Today, our comprehensive strategic partnership spans a wide-range of collaboration – from political engagement to economic and development partnership, defence and security cooperation, energy cooperation, cultural exchanges and people-to-people contacts," Das said at a virtual meeting of India-Vietnam Business Forum. "Vietnam is a key pillar of our ‘Act East Policy’ and an important partner in India’s ‘Indo-Pacific Ocean’s Initiative’, which is based on our shared values and interests in promoting peace, stability and prosperity of our region," she said.

The Indo-Pacific Ocean’s Initiative (IPOI) is an India-backed framework aimed at making meaningful efforts to create a safe and secure maritime domain in the Indo-Pacific region. At East Asia Summit in Bangkok last year, Prime Minister Narendra Modi proposed setting up of the IPOI to conserve and sustainably use the maritime domain and to make meaningful efforts to create a safe and secure maritime domain.

The concept is gaining traction with Japan already agreeing to be the lead partner in the connectivity pillar of the IPOI. Vietnam, an important country of the ASEAN (Association of Southeast Asian Nations), has territorial disputes with China in the South China Sea region. India has oil exploration projects in the Vietnamese waters in the South China Sea and China has been objecting to it.

China claims sovereignty over all of the South China Sea, a huge source of hydrocarbons. However, several ASEAN member countries, including Vietnam, the Philippines and Brunei, have counter claims. In her address, Das said India and Vietnam have historically shared warm and friendly relations based on mutual trust, goodwill and strategic convergence on several global and regional issues.

As of June, she said India has about 278 projects in Vietnam with total invested capital of USD 887 million, according to Vietnam's Foreign Investment Agency. India's investments in Vietnam are in the sectors of energy, mineral exploration, agro-processing, sugar, tea, coffee manufacturing, agrochemicals, IT and auto-components.

Vietnamese investments in India is to the tune of USD 28.55 million primarily in areas of pharmaceuticals, IT, chemicals and construction materials. "Our bilateral trade turnover is still not commensurate with the levels of our economic development. And therefore, we need to do more to broaden and intensify our trade relations to achieve its full potential," Das said.

She also mentioned about Prime Minister Narendra Modi's vision of a "self-reliant India” in shaping the country's response to COVID-19. "We believe that given its size, capacities and ambitions, India has to be a major factor in the post-pandemic global revival. India has indeed played the role of the pharmacy to the world," she said.


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

Adityanath expresses grief over Gogoi's demise

Uttar Pradesh Chief Minister Yogi Adityanath on Monday expressed grief over the passing away of former chief minister of Assam Tarun GogoiAdityanath prayed for the peace of the departed soul, a statement issued by the Uttar Pradesh governme...

Delhi-Una Janshatabdi first passenger train to Punjab in nearly 2 months

The New Delhi-Una Janshatabdi Express, the first passenger train to depart for Punjab after nearly two months, left the capital on Monday afternoon with 559 passengers on board, officials said. Train services were suspended in the state sin...

AIMIM's key Bengal leader, many functionaries join TMC; Owaisi party unfazed

AIMIMs West Bengal unit leader Anwar Pasha with some of his colleagues joined Trinamool Congress on Monday, claiming Asaduddin Owaisi-led party was only acting as a polariser of votes to help the BJP. The AIMIM, however, claimed, Pasha was ...

UK reports 15,450 new COVID cases, 7-day average down 23%

The United Kingdom reported 15,450 new COVID-19 cases on Monday, bringing the total over the past seven days to 40,504, a 23 drop compared with the previous seven-day period.Government data also showed that 206 new COVID-19 deaths were repo...

Give Feedback