The 13th ASEAN-India Summit was held in Kuala Lampur, Malaysia on November 21, 2015.
The Prime Minister, Shri Narendra Modi, addressed the ASEAN-India Summit in Kuala Lumpur.
We meet at a time of multiple global challenges: economic uncertainties, political turmoil and security threats. In this difficult moment, India and ASEAN are two bright spots of optimism, the Prime Minister said in his opening statement at the summit.
The scale of transformation in India is vast; so, the size of economic opportunities in India are huge. And, we now have environment that is open and welcoming. This is reflected in the sharp jump in India’s ranking in the World Bank’s Ease of Doing Business. And, we will continue with our reforms with speed and boldness. ASEAN’s economy continues to forge ahead with dynamism and energy. I have no doubt that we will reinforce prosperity for our 1.9 billion people, the Prime Minister said.
Connectivity is the pathway to shared prosperity. The Trilateral Highway project is making good progress and should be completed by 2018, the Prime Minister said.
We will enlarge the ASEAN-India Science and Technology Development Fund from the current one million U.S. dollars to 5 million U.S. dollars. We also intend to set up an ASEAN-India Innovation Platform to facilitate commercialization of low cost technologies, technology transfer and collaborative R&D projects, the Prime Minister said.
The Prime Minister met the Premier of the People’s Republic of China, Mr. Li Keqiang, on the sidelines of the ASEAN Summit.
Both sides reviewed the global scenario with regard to the economic slowdown, climate change and international terrorism. The Chinese Premier observed that India had maintained its growth momentum despite the slowdown. Both sides reviewed the preparations for the CoP-21 conference in Paris. Shri Narendra Modi briefed the Chinese Premier on the solar alliance initiative, and invited China to join it. Both sides agreed that terrorism is the biggest challenge, and the international community must come together to counter it.
Bilaterally, both sides discussed trade and investment, with the Prime Minister once again reiterating the concern over India’s large trade deficit with China. Cooperation in the area of skill development was discussed. The Prime Minister of Japan, Mr. Shinzo Abe, hosted Prime Minister Narendra Modi over lunch. Mr. Shinzo Abe reiterated that the India-Japan bilateral relationship has the greatest potential of any bilateral relationship across the world. The Prime Minister acknowledged the Japanese Prime Minister’s vision for the bilateral relationship, and said he looks forward to the visit of Mr. Shinzo Abe to India. The Prime Minister said that Japan was partnering India in a number of initiatives such as the Delhi Mumbai Industrial Corridor (DMIC), which had transformative potential. Regional connectivity, maritime security, the upcoming CoP-21 conference, reform of the UN Security Council, and the issue of terrorism were some of the other subjects that came up for discussion.
Addressing the ASEAN Business and Investment Summit in Kuala Lumpur on Saturday, Prime Minister Modi said, India has embarked upon a path of fiscal consolidation.
He said, sentiment for private and foreign investment has turned positive. He said winds of change prevail in India.
The Prime Minister said intellectual property rights Policy will come in force by the end of the year and all rights of innovators will be protected.
Addressing the ASEAN Business and Investment Summit in Kuala lumpur, Prime Minister Narendra Modi said that India is a land of immense opportunities and invited investors from ASEAN countries to invest in India.
He assured them ease of doing business in tune with the Make in India programme of the Government.
The PM further termed India and ASEAN countries as natural partners.
PM mentioned about India's growth story and how the global economic institutions like the IMF and the World Bank as well as the Economist Magazine have lauded this growth story in terms of a better economic prospect for the country.
PM Modi assured them ease of doing business in tune with the Make in India programme of the Government.
The PM further termed India and ASEAN countries as natural partners. The PM said that the 21st Century belongs to Asia, due to track record of ASEAN countries.
PM said that despite cutting fiscal deficit, India has substantially increased public productive investment. PM said that the aim of reforms for his government is to transform India.
Earlier, Prime Minister Narendra Modi began his 2-day visit to Malaysia by meeting Chinese Prime Minister Li Keqiang.
Prime Minister Narendra Modi had a luncheon meeting with Japanese PM, Shinzo Abe.
The 2015 Kuala Lumpur Declaration on the Establishment of the Asean Community was signed by all 10 Asean leaders during the 27th Asean Summit at the Kuala Lumpur Convention Centre.
The event was witnessed by leaders of Asean's dialogue partners, including US President Barack Obama, Chinese Premier Li Keqiang, Japanese Prime Minister Shinzo Abe, South Korean President Park Geun-hye and our Prime Minister Narendra Modi.
