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PM Modi Announces $1 Million Aid For Covid-19 ASEAN Response Fund

PM Modi underlined the significance of resilience of provide chains for post-COVID financial restoration

New Delhi:

Prime Minister Narendra Modi on Thursday introduced a contribution of USD 1 million to the COVID-19 ASEAN Response Fund on the 17th ASEAN-India Summit, which was held nearly.

In his handle to leaders from the 10 ASEAN international locations, PM Modi additionally highlighted India”s response and broader help to the worldwide group and welcomed the affiliation”s initiatives to combat the pandemic.

According to an official assertion issued by the Ministry of External Affairs (MEA), “On COVID-19, the Prime Minister highlighted India”s response and broader support to the international community and welcomed ASEAN”s initiatives to fight the pandemic. Prime Minister announced a contribution of US$ 1 million to the COVID-19 ASEAN Response Fund. The Prime Minister also underscored the importance of greater physical and digital connectivity between ASEAN and India and reiterated India”s offer of US$ 1 billion Line of Credit to support ASEAN connectivity.”

On commerce and funding, PM Modi underlined the significance of diversification and resilience of provide chains for post-COVID financial restoration.

The MEA assertion additional stated that the Prime Minister underlined the centrality of ASEAN in India”s Act East Policy whereas addressing the ASEAN-India Summit.

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“He noted that a cohesive, responsive and prosperous ASEAN is central to Indias’s Indo-Pacific Vision and contributes to Security And Growth for All in the Region (SAGAR). The Prime Minister underscored the importance of strengthening convergence between India’s Indo-Pacific Oceans Initiative and the ASEAN Outlook on Indo-Pacific, to ensure a free, open, inclusive and rules-based Indo-Pacific region. He also invited the ASEAN countries to cooperate on various pillars of India”s Indo-Pacific Oceans Initiative (IPOI),” the MEA stated.

During the Summit, the ASEAN leaders acknowledged Indias’s contribution in direction of selling peace and stability within the area and welcomed India’s help to ASEAN centrality. The Leaders additionally welcomed the adoption of the brand new ASEAN-India Plan of Action for 2021-2025, the MEA stated in its assertion.

It additional stated, “The discussions also covered regional and international issues of common interest and concern, including the South China Sea and terrorism. Both sides noted the importance of promoting a rules-based order in the region including through upholding adherence to international law, especially the UNCLOS.”

The leaders affirmed the significance of sustaining and selling peace, stability, security and safety within the South China Sea, and guaranteeing freedom of navigation and overflight, the MEA added.

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