The Ministry of External Affairs (MEA) has announced the signing of an agreement to establish the BIMSTEC Energy Centre in Bengaluru, Karnataka. MEA Secretary (East) Jaideep Mazumder and BIMSTEC Secretary General Indramani Pandey formalized the agreement, aiming to foster greater energy cooperation among BIMSTEC member states.
Host Country Agreement Signed
Focus on Regional Connectivity
Raisina Down Under Participation
Foreign Ministers’ Meeting
Maritime and Digital Connectivity
Skill and Capacity Building Initiatives
Established
Founding Members
Expanded Membership
Current Members
Permanent Secretariat
Aim
Summary/Static | Details |
Why in the news? | India signed a Host Country Agreement with BIMSTEC to establish the BIMSTEC Energy Centre in Bengaluru, Karnataka, on November 11, 2024. |
Signatories | MEA Secretary (East) Jaideep Mazumder and BIMSTEC Secretary General Indramani Pandey |
Objective | To enhance energy cooperation among BIMSTEC member states and promote inter-grid connectivity across the Bay of Bengal region for energy security and sustainable development |
India’s Strategic Vision | – Emphasis on maritime and digital connectivity in BIMSTEC – Establishing Centres of Excellence in health, food security, trade, energy, and investment – Focus on skill development, capacity building, and people-to-people connections |
BIMSTEC Overview | (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) |
Establishment | Formed on June 6, 1997, through the Bangkok Declaration |
Founding Members | Bangladesh, India, Sri Lanka, and Thailand |
Expanded Membership | Nepal became an observer in 1998 and a full member, along with Bhutan, in 2004 |
Current Members | Bangladesh, India, Myanmar, Sri Lanka, Thailand, Nepal, and Bhutan |
Permanent Secretariat | Located in Dhaka, Bangladesh |
Aim | To counter globalization impacts by accelerating regional growth through cooperation, leveraging regional resources, and optimizing geographical advantages |
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