Need to create regional dependency instead of relying on global supply chains: BIMSTEC secy gen

NEW DELHI: (Mar 24) There is a need to create dependency regionally rather than relying on global supply chains, be it in energy security, health security or other domains, BIMSTEC Secretary General Indra Mani Pandey has said, according to a statement issued by Assocham on Monday.

Key business chamber Assocham has revitalised the India Secretariat of the BIMSTEC Business Council by launching the leadership of India for the council, it said.

The Associated Chambers of Commerce and Industry of India (Assocham) has reinforced India's commitment to BIMSTEC, reflecting its strategic vision of strengthening regional cooperation in the Bay of Bengal region as part of its "Neighbourhood First" and "Act East" policies, the statement said.