India calls for enhanced financial, technical support to LLDCs

India has said that the new development agenda post-2015 must ensure enhanced availability of international financial and technological support to landlocked developing countries.

PTI| Last Updated: Nov 04, 2014, 11:39 AM IST

United Nations: India has said that the new development agenda post-2015 must ensure enhanced availability of international financial and technological support to landlocked developing countries.

India has also expressed hope that the international community will put in place holistic frameworks to help Landlocked Developing Countries to achieve their development objectives and sustain robust economic growth.

"As the global community charts a new path for development in the post-2015 period with the overarching objective of ending poverty and giving a life of dignity to all, the new development agenda for the Landlocked Developing Countries (LLDCs) would need to address their concerns in a holistic manner," General (Retd) Vijay Kumar Singh, India's Minister of State for External Affairs said.

Addressing the 2nd UN Conference on Landlocked Developing Countries in Vienna yesterday, Singh said it was imperative that LLDCs are able to generate and sustain robust economic growth and structurally transform their economies to be able to overcome the negative effects of their geographic constraints.

"The new development agenda must also ensure enhanced availability of international financial and technological support to LLDCs in the spirit of a strengthened global partnership for their development," he said.

Singh said India was deeply sensitive to the unique challenges faced by the landlocked developing countries on account of their geography but stressed that these challenges can be overcome.

"India enjoys close and historical ties with its landlocked neighbours and attaches the highest priority to further enhancing our friendly and good neighbourly? relations, including through the strengthening of trade relations and cooperation on transit issues," he said.

Noting that the new Indian government has put a renewed emphasis on building the linkages between the countries in its immediate neighbourhood, Singh highlighted India's historic cultural and economic ties with the LLDCs in its region including Nepal, Bhutan and Afghanistan.

"India has a longstanding tradition of being a reliable partner in south-south cooperation sharing our limited means and expertise in a spirit of solidarity," he said.

While this is not a substitute for the development assistance such as the Official development assistance (ODA) by the developed countries, we remain committed to continue our development partnership through trade measures, concessional loans and grants, training and scholarships and other forms of joint ventures, he said.