Search Result for : Indian Ocean

The Dollar Business Bureau India on Tuesday signed a pact with Sri Lanka for a $318 million line of credit for developing the railway sector of island nation, according to officials. RHS Samaratunga, Secretary in the Ministry of Finance and Mass Media of Sri Lanka, and David Rasquinha, Managing Director of Export Import Bank of India in Colombo signed the agreement. Prime Minister Narendra Modi, during his first visit to the island nation in 2015, had announced a $318 million line of credit for development of railway sector of the country. The visit was the first standalone bilateral visit since 1987 by an Indian prime minister and had come in the wake of rising presence of China in the Indian Ocean country. China has been ...

Sheela Mamidenna Earlier in 2017, the Prime Minister Narendra Modi while addressing a geopolitical conference said, “Our economic and political rise represents a regional and global opportunity of great significance. It is a force for peace, for stability and an engine for regional and global prosperity. For my government, this has meant a path of international engagement focussed on building development partnerships that extend from the islands of the Indian Ocean and Pacific to the islands of the Caribbean and from the great continent of Africa to the Americas. Creating Indian narratives on global challenges.”  Well, for that matter, trade agreements play an important role in leveraging a country’s economic growth. Concurring to it, our globetrotting Prime Minister has made more than ...

Source: PTI China and Sri Lanka will use the Maritime Silk Road, proposed by Chinese President Xi Jinping, to further infrastructure development in the island-nation, despite India's concerns about Beijing gaining strategic advantage in the Indian Ocean region through the initiative. "Sri Lanka reiterated its active participation in the Belt and Road Initiative put forward by China. The two sides will use the development of a 21st-Century Maritime Silk Road (MSR) as an opportunity to further advance infrastructure development," said a joint statement at the end of Lankan Prime Minister Ranil Wickramasinghe's four-day visit to Beijing. The MSR was part of the Belt and Road Initiative, proposed by President Xi Jinping in 2013 with a stated aim of reviving ancient trade routes. But many ...

The Dollar Business Bureau Federal Minister of Defence, Germany: Ursula von der Leyen was in New Delhi recently to discuss matters of strategic interests to India and Germany   High-technology collaborations with German companies can be a major boost for India’s defence manufacturing sector. German Defence Minister Ursula von der Leyen who met PM Modi on Wednesday said that her country is keen on collaborating with India in defence technology and equipment. A day prior to meeting Modi, Von der Leyen met her Indian counterpart Manohar Parrikar and expressed her country’s willingness to take part in the ‘Make in India’ initiative. “Cooperation between the armed forces of the two countries, partnering of Germany in the Make in India initiative in the ...