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He stressed that the timely exchange of actionable intelligence on terrorist groups and cross-border activities could significantly strengthen regional security.

Bangladesh secretary-level officials and rest minister-level officials from across the member countries figure among those attending the event.

Highlighting BIMSTEC's strategic importance, Doval said the grouping links nearly 1.7 billion people and has a combined GDP of around $5 trillion.

Officials said the Business Council will serve as a platform to align industry with policy priorities, particularly in multimodal connectivity, digital trade and MSME internationalisation.

Welcoming the representatives, Visakhapatnam Port Authority Chairman M Angamuthu highlighted the strategic importance of Visakhapatnam in maritime trade and logistics.

In his address, Union Minister Shivraj Singh Chouhan stated that BIMSTEC is a natural choice for India to fulfil its key foreign policy priorities of ‘Neighbourhood First’ and ‘Act East Policy’.