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Prime Minister to participate in East Asia and RCEP Summit in Bangkok

Published By : Admin | November 4, 2019 | 11:54 IST

Prime Minister Narendra Modi will participate in the East Asia and RCEP summits in Bangkok today. Besides he will also hold meetings with Japan Prime Minister Shinzō Abe, Vietnam PM Nguyen Xuan Phuc and Australian PM Scott Morrison in Bangkok, before he returns to Delhi tonight.

Prime Minister would be steering India’s negotiations at the Regional Comprehensive Economic Partnership or the RCEP. RCEP is a comprehensive free trade agreement being negotiated between the 10 ASEAN Member States and ASEAN's free trade agreement partners Australia, China, India, Japan, Korea and New Zealand.

Prime Minister Narendra Modi sought to dispel the notion that India is as reluctant to join the RCEP trade deal. In a detailed interview to Bangkok Post he said, India remains committed to a comprehensive and balanced outcome from the ongoing RCEP negotiations but India would like a win-win outcome.

He added that addressing India's concerns over unsustainable trade deficits is important.

Prime Minister expressed that a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of India and of all partners in the negotiation.

RCEP negotiations which began in Cambodia in 2012 covers areas, including trade in goods and services, investment, market access, economic cooperation, intellectual property and e-commerce.

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PM chairs 45th PRAGATI Interaction
December 26, 2024
PM reviews nine key projects worth more than Rs. 1 lakh crore
Delay in projects not only leads to cost escalation but also deprives public of the intended benefits of the project: PM
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PM advises conducting workshops for experience sharing for cities where metro projects are under implementation or in the pipeline to to understand the best practices and key learnings
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Prime Minister Shri Narendra Modi earlier today chaired the meeting of the 45th edition of PRAGATI, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments.

In the meeting, eight significant projects were reviewed, which included six Metro Projects of Urban Transport and one project each relating to Road connectivity and Thermal power. The combined cost of these projects, spread across different States/UTs, is more than Rs. 1 lakh crore.

Prime Minister stressed that all government officials, both at the Central and State levels, must recognize that project delays not only escalate costs but also hinder the public from receiving the intended benefits.

During the interaction, Prime Minister also reviewed Public Grievances related to the Banking & Insurance Sector. While Prime Minister noted the reduction in the time taken for disposal, he also emphasized on the quality of disposal of the grievances.

Considering more and more cities are coming up with Metro Projects as one of the preferred public transport systems, Prime Minister advised conducting workshops for experience sharing for cities where projects are under implementation or in the pipeline, to capture the best practices and learnings from experiences.

During the review, Prime Minister stressed on the importance of timely Rehabilitation and Resettlement of Project Affected Families during implementation of projects. He further asked to ensure ease of living for such families by providing quality amenities at the new place.

PM also reviewed PM Surya Ghar Muft Bijli Yojana. He directed to enhance the capacity of installations of Rooftops in the States/UTs by developing a quality vendor ecosystem. He further directed to reduce the time required in the process, starting from demand generation to operationalization of rooftop solar. He further directed states to adopt a saturation approach for villages, towns and cities in a phased manner.

Up to the 45th edition of PRAGATI meetings, 363 projects having a total cost of around Rs. 19.12 lakh crore have been reviewed.