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Commerce Secretary Ms. Rita Teaotia Launches Report on India s Strategy for Economic Integration with CLMV

Dated:- 14-8-2015 - India s Strategy for Economic Integration with CLMV , a Report brought out by the Ministry of Commerce and Industry, Government of India, provides a rationale for establishing commercial and economic linkages between India and the Cambodia, Laos, Myanmar and Vietnam (CLMV) region. Prime factors that make economic cooperation between India and CLMV plausible include geographical proximity, economic dynamism, and cheap labour cost in CLMV, among others. The Commerce Secretary M .....

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alue chains (RVCs) has remained low, RVCs are also not well developed in CLMV too, as compared to the rest of ASEAN. Considering that RVCs have emerged as important vehicles for regional economic integration, they need to be facilitated with adequate and integrated policy responses. This is important for achieving developmental objectives such as employment generation, poverty alleviation and improvement in quality of life. It is in this context that the Ministry s Report, prepared by Ram Upendr .....

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on gap, skill unavailability, banking constraints and integrating SMEs in RVCs.   There are several sectors in CLMV that the report has identified as focus sectors from the view-point of taking advantages of synergies across, manufacturing, trade and investment. These include agro-processing, oil and gas, pharmaceuticals, wood and timber, light engineering, garments, automobiles, education, IT, SMEs, tourism and skill development. The Report finds that one of the important ways of utilising .....

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