India to provide USD 1 million to BIMSTEC to increase its operational budget, says PM Modi - He made the announcement in the backdrop of making early progress on the proposal of the BIMSTEC free trade agreement (FTA) to enhance mutual business
During the virtual summit, the Prime Minister said that the recent developments in Europe have raised questions about the "stability of the international order".
India will lead the security pillar of the South Asia regional grouping BIMSTEC and the fifth summit has adopted a charter to expand its overall cooperation and announced a master plan for transport connectivity and highlighted cooperation activities standing on seven pillars at a virtual summit.