ASEAN and India

India and ASEAN: In 1967 ten countries formed the Association of South-East Asian Nations (ASEAN) with an objective to enhance trade and investment.

ASEAN countries had good economic growth and wealth and they were in search of new pastures for trade and investment.  They zeroed in India and Vietnam to be their economic partners and as their political and security issues both the countries were found to be perfect.

It was during this period Vietnam and India were trying to bring about changes in their economy through liberalization, privatization and globalization policies. Prime Minister Narsimha Rao and Finance Minister Manmohan Singh took the initiative in India. India encouraged foreign Investments through tax-free incentives. These steps were appreciated by ASEAN who wanted to strengthen its ties with India.

ASEAN and India became partners in varied sections like trade, investment, science and technology, since it was based on the individual section it was called sectorial partnership. This started during 1992 and progressed many other areas like economic, security and political partnerships were preferred by ASEAN.

India was honoured ASEAN in several ways, the former was invited for conferences and forums exclusively for ASEAN countries. This was possible because both shared similar interests and perceptions. In order to have a concrete organisation to ASEAN-India cooperation the ASEAN-India cooperation committee, the India-ASEAN fund was started.

The ASEAN secretariat was in charge of allocating funds and it was supervised by a Joint Management Committee ASEAN-New Delhi Committee was also formed include diplomats of all the countries. 

A scholarship was announced on behalf of the Indian Government by India’s foreign secretary. Both India and ASEAN can give doctoral fellowship to six months in the field of science and technology. ASEAN and Indian leaders and intellectuals were invited to give guest lectures in India and in ASEAN countries. This was done with air to help understand the objectives of the foreign policy of both the partners.

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