Current Affairs Telugu Daily

BIMSTEC Festival of Buddhist Heritage-Bodhi Parva’ inaugurated.
India is hosting the “Bodhi Parva: BIMSTEC Festival of Buddhist Heritage” from 8 to 10 December as part of celebrations of 20th anniversary of BIMSTEC. BIMSTEC comprising seven Member States around the Bay of Bengal that brings together about one – fifth of the world population and a combined GDP of over US $ 2.8 trillion, BIMSTEC has a crucial role in the development of the region. BIMSTEC objective is to achieve greater connectivity, trade, people-to-people contacts, and sustainable use of resources is being steadily implemented.
 A number of initiatives have been taken to promote cooperation in BIMSTEC under the focus areas of security, transport and communication, environment and disaster management, tourism, traditional medicine and people-to-people exchanges. Several others are in the pipeline.
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. These are Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal. The BIMSTEC states are among the countries dependent on the Bay of Bengal.
Established: 06th June 1997
Secretariat: Dhaka, Bangladesh

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