The ASEAN-India trade currently stands at USD 76 billion, which is targeted to be increased to USD 100 billion by 2015 and to USD 200 billion by 2022.
The areas of cooperation between India and ASEAN range across sectors like science and technology, agriculture, environment, human resources, space, energy, telecom, infrastructure, tourism, culture, health and pharmaceuticals.
During the East Asia Summit, a forum for international cooperation among ASEAN countries and Australia, China, India, Japan, Republic of Korea, New Zealand, Russia and the US, a formal inter-governmental agreement is expected to be signed on the ambitious Nalanda University in Bihar.
The University, set to come up 12 kms from the Nalanda ruins, may start its first academic session from 2014.
