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India for eco pacts with Indonesia, Thailand
Hanoi, Oct 28 (IANS):
Published on 28 Oct. 2010 11:09 PM IST
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India is negotiating comprehensive economic agreements with Indonesia and Thailand on the lines of those just signed with Japan and Malaysia, official sources said Thursday.
The sources stated this to IANS as Prime Minister Manmohan Singh arrived here on the final leg of a three-nation Asian tour to take part in the India-ASEAN and East Asia summits.
Manmohan Singh flew in from Malaysia after visitng Japan. Indonesian President Susilo Bambang Yudhoyono will be the chief guest at the Jan 26, 2011 Republic Day celebration in New Delhi.
Prime Minister Manmohan Singh arrived here on the last leg of his three-nation Asia tour to attend the India-ASEAN Summit and the East Asia Summit.
He flew into the Vietnamese capital after concluding economic pacts with Japan and Malaysia.
Meanwhile, Commerce Minister Anand Sharma said Thursday that India values South Korean investment despite the row over its Posco project in Orissa over issues related to environment and land.
“If (Posco) comes up during the meetings, we will be able to reassure South Korea that (Korean) investment will continue,” he said, as Manmohan Singh arrived here on the last leg of a three-nation Asian tour.
The Indian leader will attend the India-ASEAN and East Asia summits and hold bilateral meetings with many leaders.
The minister said South Korean investment was appreciated in India, particularly in steel and automobile manufacturing.
He said New Delhi had looked into issues that have delayed environmental clearances to South Korean projects in India.
Sharma also accompanied Manmohan Singh to Japan and Malaysia, the earlier halts in the prime minister’s journey.
South Korean firm POSCO (Pohang Iron and Steel Co) signed a deal with the Orissa government in 2005 to set up the $12 billion mega steel project near the port town of Paradip, some 100 km from Bhubaneswar, by 2016.
POSCO needs about 4,000 acres, mostly government land, for the project. Of the land earmarked, 2,900 acres is forest land.
Thousands have rallied against the project, saying it will displace them and ruin their betel leaf farms. POSCO and the state government say the project will only bring prosperity and employment to a backward region.
meeting will be ‘cordial’
India is confident that Prime Minister Manmohan Singh’s meeting here Friday with Chinese Premier Wen Jiabao will be “productive and cordial”, an informed source said Thursday.
“There is no reason why the meeting with Wen will not be substantive, cordial and productive,” an informed source said, as Manmohan Singh flew into Vietnam to attend the India-ASEAN and East Asia summits.
Manmohan Singh arrived here after visiting Japan and Malaysia on the final leg of his Asian tour aimed at boosting relations with Tokyo, Kuala Lumpur and Hanoi.
The Manmohan Singh-Wen meeting comes soon after China’s reiteration that it will continue to give only stapled visas to Indians from Jammu and Kashmir -- Beijing’s way of disputing New Delhi’s right over the troubled state held in part by Pakistan.

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