The Bay of Bengal Initiative for Multi Sectoral Security, Technical and Economic Cooperation is a big step forward in the Indian Ocean region. It offers the region a new opportunity to focus on rapid development after decades of faltering steps following independence. Challenges Mr. Modi described include, coastal shipping ecosystem, electricity grid interconnectivity, Master Plan for Transport Connectivity. Signing of the Charter provides the institutional architecture for BIMSTEC, said Modi. India provides leadership for the Security pillar in a multi sectoral effort and its experience in accelerated development will now be shared across the region.
Original article 2 minutes, gist 1 minute