New Delhi:External Affairs Minister Dr S Jaishankar on Thursday said India believes that greater connectivity is an economic force-multiplier that has acquired greater salience in the post-Covid era.
Speaking at the 20th meeting of the SCO Council of Heads of Government held under the chairmanship of Kazakhstan, Jaishankar said, "India believes that greater connectivity is an economic force-multiplier which has acquired greater salience in the post-Covid era. However, any serious connectivity initiative must be consultative, transparent and participatory. It must conform to the most basic principle of international law – respect for sovereignty and territorial integrity".
He said that India has been taking steps to operationalize the Chabahar port in Iran to provide secure and commercially viable access to the sea for Central Asian countries.
"We have also proposed to include the Chabahar port in the framework of International North-South Transport Corridor (INSTC). I would like to reaffirm India’s commitment to cooperate, plan, invest and build physical and digital connectivity in the SCO region", Jaishankar added.
He noted that India today is an emerging economic force at the global level. Despite the economic devastation caused by COVID-19, India’s agile response in fighting the pandemic and ensuring economic stability has been noteworthy.
"The International Monetary Fund (IMF) has forecast a 9.5% growth in the Indian economy in 2021. Our trade performance has also been strong, growing by more than 20% this year. Despite COVID, India attracted record FDI inflows of $77 billion in 2020-21 and another $22 billion in the first three months of this year", EAM Jaishankar said.
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WIPO has ranked India number one in the Global Innovation Index 2021 in the Central and South Asian region. Indian Startups have so far created 65 unicorns, out of which 28 unicorns were added during 2021 alone. We stand ready to share our experience with the other SCO Member States through our initiative to set up a Special Working Group on Startups and Innovation.
He underlined that today the world acknowledges that India is among the few large economies that have delivered in letter and spirit on the Paris Agreement.
"A developing country like India that is working to lift millions out of poverty, has not spared any effort to fulfil its global environment obligations. In parallel, we have surged ahead in developing renewables and today India ranks 4th in the world in installed renewable energy capacity", he reiterated.
India's non-fossil fuel energy has increased by more than 25% in the last 7 years and now it has reached 40% of our energy mix. Along with this, India has also given institutional solutions to cooperate with the world at the international level. As a revolutionary step in solar power, we co-initiated the International Solar Alliance that now has more than 100 Member States.