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This is an archive article published on August 2, 2002

India pledges $2.5 m to Indo-ASEAN fund

India today announced its contribution of 2.5 million dollars to the India-ASEAN cooperation fund to give momentum to cooperation programmes...

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India today announced its contribution of 2.5 million dollars to the India-ASEAN cooperation fund to give momentum to cooperation programmes in various sectors even as it offered to work for joint initiatives in combatting terrorism.

The fund will target cooperation programmes with ASEAN countries in the science and tchnology, HRD, trade and investment and transport and communications sector, external affairs minister Yashwant Sinha said here.

Sinha made this announcement at the first 10 plus one meeting, which essetntially means discussions between coordinating countres in the 10-member ASEAN and one of its ten dialogue partners.

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Malaysia and Laos were the coordinators for the India meeting and was represented by its Foreign Minister Syed Hamid Al-Bar and Deputy Premier Samsanad Leng.

He called for greater links between the governments and the private sector to realise the full benefits of joint research.

Stating that India was a major victim of the dark forces of terrorism, Sinha said it is ready to work together both bilaerally with ASEAN countries and in the India-ASEAN framework to develop practical programmes of cooperation to combat this menace.

Sinha regretted that India-ASEAN tourism had achieved little progress even though it is a theme much commended.

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He hoped that the first India-ASEAN summit in Cambodia in November this year would be an apt moment to explore a highly fruitful synergy in their relationship.

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