First ever Indian PM to visit central Asian countries to boost economic and energy ties
Advertisement
In a bid to improve the strategic, economic and energy ties with the central Asian countries and Russia , Indian Prime Minister Narendra Modi started his 8-day visit today.
As per an The Economic Times report, the PM, who will attend the BRICS andShanghai Cooperation Organization (SCO) summits, will also visit the five central Asian countries.
Starting fromUzbekistan today, the Prime Minister will reach Kazakhstan tomorrow. After which he will travel to Russia on July 8, Turkmenistan on July 10, Kyrgyzstan on July 11 and Tajikistan on July 12.
India is looking forward to securing a membership status of the six-nation group comprising China, Russia, Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan in Russia’s Ufa. India, however, holds an observer status as of now.
On the other hand, theBRICS summit , world’s one of the most important economic summits will focus on increasing co-operation in economic field, which even includes the possibility of trade in local currency.
Apart from that, the summit might also look forward to the possibility of starting the credit facility in local currency as the BRICS Development Bank has already been set up. Noted Indian banker K V Kamath has been named as the first head of the bank.
As per a statement issued by theMinistry of External Affair , “During the visit to five central Asian nations, the first by an Indian Prime Minister to all of them together, the focus will be on enhancing trade, which is ‘not impressive’, and cooperation in energy and security.”
Efforts to push the Turkmenistan- Afghanistan-Pakistan-India (TAPI) project have also been included in the program. The project, reportedly, is a crucial one for India's energy needs as it will carry gas from central Asia. However, it has also been hampered because of lack of physical connectivity.
Image: indiatimes
Advertisement
As per an The Economic Times report, the PM, who will attend the BRICS and
Starting from
India is looking forward to securing a membership status of the six-nation group comprising China, Russia, Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan in Russia’s Ufa. India, however, holds an observer status as of now.
On the other hand, the
Advertisement
As per a statement issued by the
Efforts to push the Turkmenistan- Afghanistan-Pakistan-India (TAPI) project have also been included in the program. The project, reportedly, is a crucial one for India's energy needs as it will carry gas from central Asia. However, it has also been hampered because of lack of physical connectivity.
Image: indiatimes
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market