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Rediff.com  » Business » India to grant $5 mn for ASEAN fund

India to grant $5 mn for ASEAN fund

By Jaishree Balasubramanian in Kuala Lumpur
Last updated on: December 13, 2005 21:35 IST
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India on Tuesday said it will contribute $5million to replenish the India-ASEAN Fund, which would help finance a string of proposals, including setting up of tele-education network for four developing ASEAN nations linked with New Delhi through satellite.

The four countries are Cambodia, Laos, Myanmar and Vietnam. Addressing leaders at the fourth ASEAN-India summit, Prime Minister Manmohan Singh said New Delhi would also contribute $1 million to the ASEAN Development Fund.

Observing that India is a source of effective and affordable drugs and could contribute in supplying drugs to tackle cases like HIV, flu etc, the Prime Minister said India was ready to offer generic versions of anti-viral drugs.

At the summit, India also proposed the setting up of permanent centres for English language training in the four countries.

Prime Minister in Malaysia

"The objective would be to equip students, civil servants, professionals and businessmen with adequate English language and communication skills," a statement issued in Kuala Lumpur said.

India's dominance in the field of IT was widely recognised and applauded at the meeting by all countries with the Prime Minister proposing that an India-ASEAN Technology Summit be organised in 2006.

"It is proposed that an India-ASEAN IT ministerial and industry forum be organised in 2006 through the department of information technology," Singh said.

The ASEAN countries also appreciated India's educational institutions, prompting the country to propose that Education Consultants India Ltd will organise education fairs and a road show in ASEAN next year.

Both public and private universities and educational institutions will be associatied with the initiative. India has also proposed the setting up of a special training course for diplomats from the ASEAN countries through India's Foreign Service Institute.

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Jaishree Balasubramanian in Kuala Lumpur
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