India, Asean to start talks on comprehensive economic deal
Gireesh Chandra Prasad: Nov 19 2012, 19:06 IST
and investment flows in both directions,” Singh said.
India’s finance minister P Chidambaram had recently met his counterparts from Asean and offered the country’s resources in helping the ten member group of nations to mobilize domestic savings to build roads, ports and highways. India hopes that infrastructure development in the region will cut physical barriers and boost trade. Besides, greater economic co-operation with the block will facilitate Indian oil and gas explorers to seek licenses for hydrocarbon hunt and set up refineries in the region.
Singh said he supported a master plan for connectivity. New Delhi is talking to Thailand and Myanmar for a trilateral highway. It has been decided to establish connectivity from Moreh in India to Mae Sot in Thailand by 2016, said Singh.
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