PM Narendra Modi has proposed an India-ASEAN start-up festival on 28 October.
Highlights:
This announcement was made at the “18th India-ASEAN Summit,” a virtual conference of ASEAN leaders.
On the occasion, the Prime Minister also urged for an early revision of the ASEAN-India (FTA) in goods, which India has been requesting for Indian companies to obtain better market access in the ASEAN area.
For India to solve the problem of non-tariff obstacles that Indian firms experience, ASEAN support for a revision of the FTA is critical.
The India-ASEAN start-up festival has been announced as part of India and ASEAN’s friendship year celebrations in 2022.
It was announced, emphasizing the significance of technology and innovation in the post-Cold War economic resurgence.