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And the new Indian govt too were quick to realize the immense geo-strategic importance of Bangladesh in India's security paradigm and therefore Foreign Minister Sushma Swaraj chose Dhaka for her first stand-alone foreign visit on 26–27 June 2014, where she met her counterpart Abul Hassan Mahmood and also called on Sheikh Hasina.
India's foreign policy has always regarded the concept of neighbourhood as one of widening concentric circles, around a central axis of historical and cultural commonalities. [31] As many as 44 million people of Indian origin live and work abroad and constitute an important link with the mother country.
The Ministry of External Affairs, headed by External Affairs Minister Subrahmanyam Jaishankar, is responsible for executing the foreign policy of India.Modi's foreign policy is focused on improving relations with neighboring countries in South Asia, [3] engaging the extended neighbourhood of Southeast Asia and the major global powers.
On 12 March 2015 the Prime Minister of India had first taken reference to SAGAR in an address in Mauritius.PM Modi said, "Our goal is to seek a climate of trust and transparency; respect for international maritime rules and norms by all countries; sensitivity to each other`s interests; peaceful resolution of maritime issues; and increase in maritime cooperation". [1]
Awarding a consortium of Indian oil companies a 10% stake in offshore oil concession; administration of contractual employment of Indian workers in the Gulf country; technical cooperation in railways, joint research and technology transfer; cooperation in the field of finance, an MoU between Bombay Stock Exchange and Abu Dhabi Securities ...
In line with India's 'neighbourhood first' policy, this includes an agreement to supply 700 million USD worth of petroleum through a Line of credit. India's EXIM Bank and State Bank of India extended export credit facilities of 1.5 billion USD for the import of essential commodities.
India, China, and the Southeast Asian countries. The Act East policy [1] is an effort by the Government of India to cultivate extensive economic and strategic relations with the nations of Southeast Asia to bolster its standing as a regional power and a counterweight to the strategic influence of the People's Republic of China.
Indian foreign aid is the aid given by the Indian government to other governments. India's major quantum of foreign aid is given to neighbouring countries. Since 2000, the Indian government has provided financial assistance worth $48 billion to over 65 countries.