India leads security cooperation efforts at BIMSTEC National Security Chiefs meet in Mayanmar
BIMSTEC is a regional organisation that connects countries around the Bay of Bengal to promote economic growth, trade, and cooperation in areas like transportation, energy, and counter-terrorism.
![India leads security cooperation efforts at BIMSTEC National Security Chiefs meet in Mayanmar](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306685-pm-modi-5.jpg?im=FitAndFill=(1200,900))
In a significant stride towards enhancing regional security cooperation, India took the helm as the lead country for security sector collaboration within the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC).
This development was highlighted during the Senior Officials' Meeting held in Nay Pyi Taw to prepare for the upcoming 4th Meeting of BIMSTEC National Security Chiefs.
The meeting in Myanmar's capital city convened to strategize and coordinate initiatives crucial for addressing common security challenges faced by member states.
"Indian delegation participated in Senior Officials' Meeting to prepare for the 4th Meeting of BIMSTEC National Security Chiefs in Nay Pyi Taw.
India is the Lead Country for security sector cooperation in BIMSTEC," said Spokesperson, Ministry of External Affairs, Randhir Jaiswal, on Thursday.
Earlier this month, External Affairs Minister S Jaishankar hosted the foreign ministers from member countries of the Bay of Bengal Initiative for BIMSTEC grouping gathered in the national capital to bolster cooperation among Bay of Bengal countries.
BIMSTEC is a regional organisation that connects countries around the Bay of Bengal to promote economic growth, trade, and cooperation in areas like transportation, energy, and counter-terrorism.
It aims to strengthen relationships and foster economic development among its member states, which include- Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
BIMSTEC stands as a beacon of regional collaboration, striving to achieve rapid economic development and social progress through joint initiatives among its member states. Founded on principles of equality and partnership, BIMSTEC aims to address common challenges and capitalise on shared opportunities across seven strategic sectors.
Each member nation leads specific sectors, reflecting their expertise and commitment to collective advancement:
Bangladesh spearheads trade, investment and development, including the blue economy, leveraging its strategic location and maritime resources.
Sri Lanka focuses on science, technology and innovation, including health and human resource development, fostering advancements in research and human capital.
Bhutan leads efforts in environmental and climate change, including the mountain economy, emphasising sustainable practices in the face of ecological challenges.
India takes charge of security, including energy and disaster management, contributing expertise in disaster preparedness and strategic energy management.
Myanmar oversees agriculture and food security, including fisheries and livestock, supporting food sustainability and rural development.
Nepal drives people-to-people contact, including poverty alleviation, promoting cultural exchange and poverty reduction initiatives.
Thailand leads connectivity efforts, enhancing regional infrastructure and transport networks to facilitate seamless connectivity among member states.
BIMSTEC also emphasises cooperation with international and regional organisations, aligning its goals with global development agendas to maximise impact.
With a commitment to mutual assistance, joint projects, and capacity building, BIMSTEC seeks to translate its collaborative efforts into tangible benefits that improve living standards and promote inclusive growth across the Bay of Bengal region.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-sip-swp-monthly-pension-income-retirement-corpus-planning-calculator-inr-rs-20000-monthly-investment-for-15-years-inr-99000-monthly-return-for-42-years-313283](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316973-rupee-pixabay-take-1.jpg?itok=02-hJh59)
SIP+SWP: Rs 20,000 monthly SIP for 16 years to get Rs 99,000 monthly income for 42 years; how is it possible?
![https://www.zeebiz.com/market-news/news-bajaj-finserv-rvnl-borosil-renewables-carysil-railtel-corporation-stocks-to-buy-hdfc-securities-recommendation-picks-target-stop-loss-bse-nse-313386](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/317091-26.jpg?itok=gE1cWt7z)
RVNL, Bajaj Finserv and 5 more: Brokerage recommends buying these 7 stocks for up to 3 months | Check target, stop loss
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-vs-ups-vs-ops-monthly-pension-income-retirement-corpus-calculator-what-will-be-your-pension-on-inr-rs-10000-contribution-for-35-years-expert-calculations-313361](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/317060-rupee-pixabay-take-2.jpg?itok=cOVdof_v)
NPS vs UPS vs OPS: What will be your monthly pension if you contribute Rs 10,000 monthly for 35 years? Get expert calculations
![https://www.zeebiz.com/personal-finance/photo-gallery-top-7-etf-sip-mutual-funds-in-5-years-calculator-how-inr-rs-21000-monthly-investment-has-grown-in-nifty-sp-bse-next-50-cpse-uti-icici-pru-nippon-india-motilal-oswal-bharat-22-nift-mid-infra-313306](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316994-indian-currency-pixabay-take-1.jpg?itok=JURVEkst)
Top 7 ETF Mutual Funds With Highest SIP Returns in 5 Years: How Rs 21,000 monthly SIP has grown in each ETF over the years
![https://www.zeebiz.com/personal-finance/photo-gallery-sbi-senior-citizen-fd-fixed-deposit-latest-interest-rate-2024-calculator-what-be-maturity-amount-with-return-on-investments-of-inr-900000-lakh-in-1-3-5-year-guaranteed-return-scheme-retirement-planning-313221](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316909-note-coin-pixabay-take-1.jpg?itok=3RPKcBYE)
SBI Senior Citizen FD Rates 2024: What you can get if you invest Rs 3 lakh, Rs 5 lakh, Rs 7 lakh, and Rs 9 lakh in 1-, 3-, and 5-year FDs
12:51 PM IST