Questions over stability of world order: PM Modi

Stating that the “recent developments in Europe have raised question marks over the stability of international order”, Prime Minister Narendra Modi called for greater cooperation among BIMSTEC countries and said it was time to make the Bay of Bengal a “bridge of connectivity, prosperity, and security”.

Modi was speaking at the fifth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), hosted virtually by Sri Lanka in its capacity as the current chair of the regional grouping. He said India would provide $1 million in aid to augment the budget of the BIMSTEC secretariat.

Referring to Russia’s attack on Ukraine, Modi said: “Recent developments in Europe have raised question marks over the stability of international order… In this context, it has become important to make BIMSTEC regional cooperation more active… regional security is very important now.”

“With our region facing challenges of health and economic security, the need of the hour is unity and cooperation,” he said. “Today is the time to make the Bay of Bengal bridge of connectivity, bridge of prosperity, bridge of security,” he said.

Besides India, BIMSTEC comprises Sri Lanka, Bangladesh, Myanmar, Thailand, Nepal, and Bhutan. With 21.7 percent of the world’s population and a combined GDP of $3.8 trillion, BIMSTEC has emerged as an influential engine of economic growth.

Image courtesy of (Photo courtesy: zeenewsindia.com)

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