India’s Act East Policy Will Strengthen Connectivity in Southeast and East Asia
3 April 2017
India’s Act East policy will help improve connectivity among countries in Southeast and East Asia, said Mr. Arun Jaitley, Finance Minister, India.
“Improved access to gateway ports, particularly in Bangladesh and Myanmar, may help unleash the latent potential of agro- and forest-based industries in India’s northeast region,” he said at the SASEC Finance Ministers' Meeting, held on 3 April 2017 in Delhi, India.
Mr. Jaitley noted projects to connect trade routes to India’s neighbors and explained how regional power trade would help SASEC member countries achieve energy security. “I am confident we will be able to fully harness the hydropower potential of the region and act as a bridge connecting power surplus and power deficient regions,” he said.
Mr. Jaitley, together with ministers and representatives from Bangladesh, Bhutan, Maldives, Myanmar, Nepal, and Sri Lanka were at the Finance Ministers’ Meeting to launch the SASEC Vision 2017-25, a strategic road map that sets a path to collective growth through regional collaboration.