Related Keywords: Act East policy, Cambodia, facilitate investment, Laos and Vietnam, Look East policy, manufacturing hub, Myanmar, Prime Minister Narendra Modi, project development company, special purpose vehicles, strengthen economic and strategic relations
India’s “Act East” policy is Indian Prime Minister Narendra Modi’s revamp of the decades old “Look East” policy, which aimed to strengthen economic and strategic relations in the region. It looks to counter China’s strategic and aggressive economic investments, much like the US’ “Pivot to Asia” policy.
To put forth this idea to ground reality, the Indian government is setting up a project development company to facilitate investment in Cambodia’s private sector by Indian firms
