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’.
During the summit, the seven-member grouping of Bay of Bengal littoral and adjacent countries that account for 22 per cent of world population signed an agreement on maritime transport cooperation
