India Intelligence Report

 

 

   India Ups CFTC Contribution

 

Pledging support to “develop institutional capacity among the developing member countries” of the Commonwealth, India promised to increase its contribution to the Commonwealth Fund for Technical Cooperation by £50,000 to £850,000.

 

 

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Pledging support to “develop institutional capacity among the developing member countries” of the Commonwealth, India promised to increase its contribution to the Commonwealth Fund for Technical Cooperation by £50,000 to £850,000. Announcing India ’s commitment, Finance Minister P. Chidambaram said as India has been “contributing to the fund every year since its inception” and will “continue to support the initiatives” that “promote the economic and social development of all the Commonwealth members.”

India wanted the CFTC to focus on “sustainable development in the Commonwealth countries” and pledged to “provide cost-effective technical expertise for the developing countries.” India also expressed hope that its capabilities will be utilized “in a more substantial manner in the implementation of CFTC development assistance program.”

The Commonwealth Secretariat has already “selected the Administrative Staff College of India, Hyderabad , to design and deliver a customized training program for senior and middle level management of Small & Medium Enterprises in Africa and South Asia .” India says it will “fund the proposed training program under the Indian Technical and Economic Cooperation Program.