Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
News18 » Business
2-min read

Vision Document For Asia-Africa Growth Corridor Unveiled

The vision document for the proposed "Asia-Africa Growth Corridor (AAGC)" supported by Japan and India has been unveiled on Wednesday during the 52nd Annual Meeting of the African Development Bank (AfDB) here.


Updated:May 24, 2017, 10:39 PM IST
facebookTwitter Pocket whatsapp
Vision Document For Asia-Africa Growth Corridor Unveiled
Prime Minister Narendra Modi with Japanese counterpart Shinzo Abe (File photo/AP Photo)

Gandhinagar: The vision document for the proposed "Asia-Africa Growth Corridor (AAGC)" supported by Japan and India has been unveiled on Wednesday during the 52nd Annual Meeting of the African Development Bank (AfDB) here.

The vision document has been prepared jointly by three agencies, namely the Research and Information System for Developing Countries (RIS) New Delhi, the Economic Research Institute for ASEAN and East Asia(ERIA) Jakarta, and Institute of Developing Economies (IDE-JETRO), Tokya.

The vision document was presented during a seminar on 'Japan-India cooperation for the development of Africa' at Mahatma Mandir in the presence of Union Minister of State for Finance Arjun Ram Meghwal.

On Tuesday, Prime Minister Narendra Modi, who was here to inaugurate the annual meetings of the AfDB, pushed for AAGC, a pitch coming days after China's ambitious OBOR (One Belt, One Road) initiative taking off.

The pitch came close on the heels of China launching its multi-billion dollar OBOR initiative, a pet project of Chinese President Xi Jinping, which aims to connect the Eurasian landmass and Indo-Pacific maritime routes.

Modi had informed the audience that research institutes of India and Japan have come up with vision document in consultation with African think-tanks on how to take forward this growth corridor.

As per the vision document, AAGC will be based on four key pillars - Enhancing Capacity and Skills, Quality Infrastructure and Institutional Connectivity, Development and Cooperation projects and people to people partnership.

Giving insight into the document, Director General of RIS, Sachin Chaturvedi, said unlike China's OBOR initiative, AAGC was more consultative.

"You are aware about our government's position on OBOR. I would like to highlight the way we are making this process more consultative. This was one of the objection India raised when OBOR was presented with least consultations," Chaturvedi told reporters.

He said more details will emerge about the AAGC during the upcoming visit of Japanese Prime Minister to India in September this year.

As per the document, the next step is the preparation of a 'vision study' for the project, for which a Research Support Unit will be set up in RIS.

"The unit will conduct the preparation of AAGC study between 2017-18, and present it to the Government of India and Japan, and other leaders and policy makers of Asia and Africa in 2018," said the document.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Ashish Yechury
Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
HDFC 2,433.00 0.02
Strides Pharma 449.30 -0.67
HDFC Bank 1,240.00 1.40
Cummins 615.50 4.55
Reliance 1,472.50 0.08
Top Gainers
Company Price Change %Gain
Tata Motors 185.80 5.51
ITC 236.85 2.64
Nestle 15,793.45 2.46
Tata Steel 452.75 1.46
Larsen 1,365.30 1.36
Top Losers
Company Price Change %Gain
TCS 2,164.90 -0.88
Titan Company 1,189.10 -0.47
Bharti Airtel 489.90 -0.20
Sun Pharma 451.90 -0.17
UltraTechCement 4,603.10 -0.12

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results