India, BIMSTEC Sign Deal for Energy Hub in Bengaluru

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.

Agreement Highlights

Host Country Agreement Signed

On November 11, 2024, MEA Secretary (East) Jaideep Mazumder and BIMSTEC Secretary General Indramani Pandey signed a Host Country Agreement in Bengaluru, Karnataka.
The agreement establishes the BIMSTEC Energy Centre, aiming to strengthen energy cooperation among member states.

Focus on Regional Connectivity

MEA Spokesperson Randhir Jaiswal stated that the Energy Centre will foster inter-grid connectivity across the Bay of Bengal region, promoting energy security and sustainable development.

Recent BIMSTEC Engagements

Raisina Down Under Participation

On November 5, 2024, Secretary General Indramani Pandey attended the second edition of Raisina Down Under in Canberra, Australia.
BIMSTEC highlighted the organization’s commitment to sustainable, inclusive development and proposed a dialogue platform for the Indo-Pacific region.

Foreign Ministers’ Meeting

External Affairs Minister S. Jaishankar emphasized India’s commitment to BIMSTEC during a recent meeting of foreign ministers.
Jaishankar highlighted India’s Neighborhood First Policy, Vision SAGAR (Security and Growth for All in the Region), and Act East Policy as central to India’s collaboration with BIMSTEC.

India’s Strategic Vision for BIMSTEC

Maritime and Digital Connectivity

The informal meeting led by Jaishankar in New York focused on enhancing regional connectivity in physical, maritime, and digital sectors.
BIMSTEC’s Centres of Excellence will be developed to strengthen ties in areas such as health, food security, trade, energy, and investment.

Skill and Capacity Building Initiatives

BIMSTEC members explored opportunities for improving capacity building, skill development, and people-to-people engagement to foster stronger relations among member countries.

About BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation)

Established

June 6, 1997, through the Bangkok Declaration.

Founding Members

Initially formed with four members — Bangladesh, India, Sri Lanka, and Thailand.

Expanded Membership

Nepal joined as an observer in 1998 and became a full member, along with Bhutan, in February 2004.

Current Members

Bangladesh, India, Myanmar, Sri Lanka, Thailand, Nepal, and Bhutan.

Permanent Secretariat

Located in Dhaka, Bangladesh.

Aim

BIMSTEC’s primary objective is to counter the impacts of globalization by accelerating regional growth through mutual cooperation, leveraging regional resources, and optimizing geographical advantages.

Areas of Cooperation

Sector-Driven Approach : Initially focused on six sectors — Trade, Technology, Energy, Transport, Tourism, and Fisheries.
Expanded Priority Areas : Currently includes 14 priority areas of cooperation, with Climate Change added as the 14th area in 2008.
Leadership by Member Countries : Each member country takes the lead on one or more of the priority areas.
India’s Lead Areas : Transport & Communication, Tourism, Environment & Disaster Management, and Counter-Terrorism & Transnational Crime.

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