LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

PM Modi bats for making Indo-Pacific a region for shared prosperity

Prime Minister Narendra Modi underscored India's firm commitment to make the strategic Indo-Pacific an area for shared economic growth, saying it has been "our lifeline, and also the highway for trade and prosperity.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
PM Modi bats for making Indo-Pacific a region for shared prosperity
Prime Minister Narendra Modi underscored India's firm commitment to make the strategic Indo-Pacific an area for shared economic growth, saying it has been "our lifeline, and also the highway for trade and prosperity. PTI
Written By: PTI
Updated: Sun, Jun 09, 2019
10:01 am
Male, PTI
RELATED NEWS
West Bengal Elections: PM Narendra Modi launches blistering attack on Mamata Banerjee - Top quotes West Bengal Elections: PM Narendra Modi launches blistering attack on Mamata Banerjee - Top quotes
LIVE: BJP West Bengal Election Candidate List 2021 - After trinamool declares candidates list, BJP likely to release one soon LIVE: BJP West Bengal Election Candidate List 2021 - After trinamool declares candidates list, BJP likely to release one soon
Gujarat Elections Final Results Till Now: PM Narendra Modi bows to people of Gujarat for faith, affection towards BJP Gujarat Elections Final Results Till Now: PM Narendra Modi bows to people of Gujarat for faith, affection towards BJP
PM Kisan Samman Nidhi 8th installment: Know when  Rs 6,000 amount will be credited into your account-Steps to check your name, transaction details in beneficiaries list  PM Kisan Samman Nidhi 8th installment: Know when Rs 6,000 amount will be credited into your account-Steps to check your name, transaction details in beneficiaries list
CBSE, ICSE, state Board class 10, class 12 exams: PM Modi has important message for students CBSE, ICSE, state Board class 10, class 12 exams: PM Modi has important message for students

Prime Minister Narendra Modi underscored India's firm commitment to make the strategic Indo-Pacific an area for shared economic growth, saying it has been "our lifeline, and also the highway for trade and prosperity." Modi, who arrived in the South Asian archipelago nation on Saturday to strengthen the bilateral ties on his first foreign visit since being elected to a second term in May, made the remarks during his address to the Maldivian Parliament. "The Indo-Pacific area is our lifeline and also the highway for trade and prosperity. This is the key to our shared future in every sense," he said. Modi underlined that at the Shangri-La Dialogue forum in Singapore last June, he had stressed on working together "to create openness, integration and balance" in the Indo-Pacific region.

India, the US and several other world powers have been talking about the need to ensure a free, open and thriving Indo-Pacific in the backdrop of China's rising military maneuvering in the region. Describing Maldives as "a marine neighbour" and a 'friend', Modi said, 'there is no small, big, weak and powerful in friends. The foundation of peaceful and prosperous neighbourhood rests on trust, goodwill and cooperation."

China has been trying to expand its military presence in the Indo-Pacific, which is a biogeographic region, comprising the Indian Ocean and the western and central Pacific Ocean, including the South China Sea. China claims almost all of the South China Sea. Vietnam, the Philippines, Malaysia, Brunei and Taiwan have counter claims over the sea. In a veiled reference to Chinese predatory lending, Modi said, "India has always shared its achievements with the world. India's development partnership is to empower people, not to weaken them and neither to increase their (partner countries) dependence on us or to put an impossible burden of debt on the shoulders of future generations."

There is a growing criticism from several countries, specially from the US and India, that the massive loans being doled out by China for different projects, specially in smaller countries over and above their capacity to pay, has resulted in long term indebtedness. Maldives is also weighed down by USD 3 billion in debt to China. Male owes the money to Beijing for infrastructure projects undertaken by Chinese companies during the former China-leaning president Abdulla Yameen's tenure in office.

China views Maldives as key to its Maritime Silk Road project in the Indian Ocean. Neighbouring Sri Lanka was forced to hand over its Hambantota port to China last year on a 99-year lease after failing to repay a loan. Soon after taking office last year, President Solih warned of a "dire" economic crisis as he turned to India for help, signalling an end to the pro-China stance of his predecessor Yameen. India had announced a USD 1.4 billion financial assistance to the island nation. 

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.

TAGS:
Narendra ModiBudget 2019
RELATED NEWS
West Bengal Elections: PM Narendra Modi launches blistering attack on Mamata Banerjee - Top quotes West Bengal Elections: PM Narendra Modi launches blistering attack on Mamata Banerjee - Top quotes
LIVE: BJP West Bengal Election Candidate List 2021 - After trinamool declares candidates list, BJP likely to release one soon LIVE: BJP West Bengal Election Candidate List 2021 - After trinamool declares candidates list, BJP likely to release one soon
Gujarat Elections Final Results Till Now: PM Narendra Modi bows to people of Gujarat for faith, affection towards BJP Gujarat Elections Final Results Till Now: PM Narendra Modi bows to people of Gujarat for faith, affection towards BJP
PM Kisan Samman Nidhi 8th installment: Know when  Rs 6,000 amount will be credited into your account-Steps to check your name, transaction details in beneficiaries list  PM Kisan Samman Nidhi 8th installment: Know when Rs 6,000 amount will be credited into your account-Steps to check your name, transaction details in beneficiaries list
CBSE, ICSE, state Board class 10, class 12 exams: PM Modi has important message for students CBSE, ICSE, state Board class 10, class 12 exams: PM Modi has important message for students

LATEST NEWS

CBSE Board Exam 2021 date sheet revised for class 10 class 12 board exams: Class 12 Physics exam postponed, check here syllabus

Gold prices down Rs 122, silver up Rs 587

Asus ROG Phone 5 set to launch in India on March 10: Here's all you need to know

Karnataka Budget 2021 brings this good news for homebuyers planning to buy flats worth Rs 35 lakhs to Rs 45 lakhs

7th Pay Commission: After family pension, Modi government BIG relief on DA for central government employees likely soon, pensioners to benefit too

Madhur Bhandarkar wraps up ''India Lockdown''

Saina Nehwal Biopic Movie Trailer: Super powerful! You will get goosebumps! WATCH - Parineeti Chopra impresses massively

Just Dial shares zoom 10 pc after IPL pact

25 per cent DA for central government employs from April? What does this 7th Pay Commission benefit mean, how it helps pensioners? EXPLAINED

Alert! WhatsApp may stop working on these smartphones | Is your phone on list? Check details NOW

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved