Ae International Investments, International Investment, and International Trade: A New Era in India

Ae International Investments, International Investment, and International Trade: A New Era in India

September 19, 2021 Comments Off on Ae International Investments, International Investment, and International Trade: A New Era in India By admin

India’s investments in its international investments will be transformed with the government’s recent move to launch the India-ASEAN Investment Cooperation (IAIC), a new initiative to build a new, global partnership in the region. 

This initiative will focus on developing and promoting bilateral investment, which will be the cornerstone of the country’s growth. 

The government said the AIC will be a platform to promote investment and exchange of best practices, with a focus on creating an environment for greater transparency and accountability. 

“The AIC would also facilitate the opening up of markets in emerging and developing countries.

The initiative is expected to help in strengthening bilateral investment and economic ties, thereby creating a stronger future for the Indian economy and the wider Indo-Asia region,” said Anurag Thakur, Minister of State for International Trade, Industry and Investment (MEITI). 

The AIPE will be led by MEITI, the India Export Promotion Council, MEITA, MEATI, MEAPIC, MEAN India, MEAITI and the MEA. 

In the context of the economic slowdown, India is looking to expand its trade with ASEAN partners to $1.2 trillion by 2020 from $1 trillion now. 

According to a report by the Ministry of Commerce, the AIPC would include a new set of strategic priorities, including the establishment of new ASEAP regional trade corridors and new investment agreements, with Asean and other countries as the key stakeholders. 

There is no doubt that India’s efforts to diversify its investments will also attract more foreign direct investment, said an official. 

India has signed more than $1 billion in bilateral investment agreements with AEE countries over the last decade, including $6 billion in 2018 alone.

“India will also be looking to invest in the ASEA region.

There are many opportunities in this region, including India’s own regional infrastructure, a strong maritime presence and the potential for a strong economic partnership with AASEAN partners,” said the official.

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