India gives $1 mn aid to Covid-19 ASEAN Response Fund |
Indian Prime Minister Narendra Modi on 12th November announced a contribution of 1 million US dollars to the COVID-19 ASEAN Response Fund at the virtual 17th ASEAN-India Summit. In his address to leaders from the 10 ASEAN countries, PM Modi highlighted India`s response and broader support to the international community and welcomed the association`s initiatives to fight the pandemic. Ministry of External Affairs stated that the Prime Minister highlighted India`s response and broader support to the international community and welcomed ASEAN`s initiatives to fight the pandemic. The Prime Minister announced a contribution of US$ 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 trade and investment, PM Modi underlined the importance of diversification and resilience of supply chains for post-COVID economic recovery. The MEA statement further said that the Prime Minister underlined the centrality of ASEAN in India`s Act East Policy while addressing the ASEAN-India Summit. PM Modi noted that a cohesive, responsive, and prosperous ASEAN is central to India`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. During the Summit, the ASEAN leaders acknowledged India`s contribution towards promoting peace and stability in the region, and welcomed India`s support to ASEAN centrality.
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