Modi leaves on 6-nation visit, to attend BRICS, SCO summits
Prime Minister Narendra Modi left on an eight-day visit on Monday to five Central Asian countries and Russia, aiming to enhance strategic, economic and energy ties besides attending Summits of BRICS and Shanghai Cooperation Organisation (SCO).india Updated: Jul 06, 2015 14:08 IST
Prime Minister Narendra Modi left on an eight-day visit on Monday to five Central Asian countries and Russia, aiming to enhance strategic, economic and energy ties besides attending Summits of BRICS and Shanghai Cooperation Organisation (SCO).
The Prime Minister's visit will start with Uzbekistan from where he will go to Kazakhstan on Tuesday.
He will then travel to Russia on July 8, before flying to Turkmenistan on July 10, Kyrgyzstan on July 11 and Tajikistan on July 12.
The SCO Summit, to be held in Ufa in Russia, may see India getting the membership of the six-nation grouping comprising China, Russia, Kazakhstan, Kyrgyzstan, Uzbekistan and Tajikistan, which could be a major highlight of the visit.
As of now, India has only an observer status. The Summit of BRICS (Brazil, Russia, India, China and South Africa), the important economies across the world, will focus on discussions on enhancing cooperation in economic field, including the possibility of trade in local currency.
With the BRICS Development Bank already set up, the Summit could look at the possibility of starting credit facility in local currency.
The first head of the bank is noted Indian banker KV Kamath. During the visit to five Central Asian nations, the first by an Indian Prime Minister to all of them together, the focus will be on enhancing trade, which is "not impressive", and cooperation in energy and security, the ministry of external affairs had said last week.
An effort will also be made to push the Turkmenistan- Afghanistan-Pakistan-India (TAPI) project, which is crucial for India's energy needs as it will carry gas from Central Asia. It has been hampered because of lack of physical connectivity.
First Published: Jul 06, 2015 13:57 IST