Search Result for : South China Sea

The Dollar Business Bureau China’s 2 day unveiling of the One Belt One Road initiative, saw 29 heads of state coming together to partake in the $900 bn investment initiative aimed at developing land and sea trade routes from China to Europe; there were two conspicuous absent nations from the meet, Japan and India. India in its statement reply to China’s invitation to the initiative said, “We are of firm belief that connectivity initiatives must be based on universally recognized international norms, good governance, rule of law, openness, transparency and equality... Connectivity projects must be pursued in a manner that respects sovereignty and territorial integrity. India’s reluctance is plain and open. The CPEC route threatens to violate India’s sovereignty as the project passes ...

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 ...

Source: PTI    The US is not asking countries like India and Vietnam to take sides in the Asia Pacific region, but steps Beijing is taking in the disputed South China Sea are “self-isolating” and driving countries towards America, US Defence Secretary Ashton Carter has said. “I’ve been to India, Vietnam recently. We want to have good relations with them and we are not asking people to take sides,” Carter said in a panel discussion in Davos on World Economic Forum meeting on Friday. “I think their position is basically right, which is we want everybody to keep being able to do what they are doing. We don’t want to have to pick sides. America doesn’t want to have sides either,” ...

The Dollar Business Bureau With an aim to boost economic and trade partnership with the ASEAN members, Modi had, at the 12th ASEAN-India Summit held in Myanmar in November 2014, pitched for the “Act East Policy” and had jointly created ASEAN-India Free Trade Area   With the Prime Minister Narendra Modi’s upcoming visit to Malaysia, India is eyeing a more robust economic integration with the ASEAN countries. Modi is schedule to be on a two-day visit to Kuala Lumpur to attend the 13th ASEAN-India Summit on November 21 and the 10th East Asia Summit on November 22. With an aim to boost economic and trade partnership with the ASEAN members, Modi had, at the 12th ASEAN-India Summit held in Myanmar in ...

Source: PTI India and Indonesia on Monday signed agreements in the fields of renewable energy and culture and discussed possibilities of expanding cooperation in counter-terrorism and defence. Vice President Hamid Ansari, who met his Indonesian counterpart Jusuf Kalla, said that ways to diversify and increase bilateral trade as well to encourage investments in each other's country through private sectors were also discussed. “For this we will be working to provide a robust and contemporary legal framework,” he told reporters. “We have also discussed possibilities of expanding our cooperation in defence and counter-terrorism through intensification of our existing mechanisms,” Ansari said. The Vice President, who is in Jakarta on the invitation of Kalla, said that the two countries share similar positions on ...

Source : PTI Highlighting the growing convergence of India, Japan and US interests in the Indo- Pacific region, the three nations underscored the importance of international law, peaceful settlement of disputes and freedom of navigation, including in the South China Sea. External Affairs Minister Sushma Swaraj, her Japanese counterpart Fumio Kishida and US Secretary of State John Kerry attended the first US-India-Japan Trilateral Ministerial dialogue in New York during which they agreed to work together to maintain maritime security through greater collaboration.   In a media note released after the meeting on Tuesday, the three ministers highlighted the growing convergence of their respective countries' interests in the Indo-Pacific region. “They also underscored the importance of international law and peaceful settlement of ...

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 ...

Sai Nikesh | The Dollar Business In a move to expand its presence in the Indian Ocean Region (IOR), the Government of India is keen on supporting maritime infrastructure of its friendly countries in the region, by pushing naval exports. The Indian government is all set to commission it’s first-ever export warship-Barracuda, to Mauritius on March 12, 2015, says a report from the Indian Defence & Research Wing (IDRW). Besides this, the Indian government has already cleared exports of 13 other warships to Mauritius and these are expected to be supplied in the coming year. The report further says that the government is also willing to extend a similar maritime support to other small countries in the region, so as ...