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ASSOCHAM Launches India Leadership for Revamped BIMSTEC Business Council

The move targets deeper regional trade links to bolster supply-chain resilience across seven Bay of Bengal economies.

Overview

  • ASSOCHAM, serving as the India secretariat under the Ministry of External Affairs, formalised India’s role in the BIMSTEC Business Council and set out immediate priorities.
  • Tribhuvan Darbari was named India Chair, describing BIMSTEC as a $5 trillion opportunity and calling for tighter integration and logistics coordination.
  • The roadmap emphasises boosting intra-regional trade and investment, strengthening multimodal connectivity and digital trade, and advancing MSME internationalisation.
  • Sectoral collaboration will focus on fintech, agritech, renewable energy and the blue economy, with structured industry–government engagement to convert plans into projects.
  • BIMSTEC Secretary General Indra Mani Pandey urged regional self-reliance, and ASSOCHAM pledged support for a BIMSTEC Chamber of Commerce and Industry as diplomats from five partner countries joined the launch.