In his address at the Shanghai Cooperation Organisation (SCO) summit, Modi said India would significantly benefit from the grouping's strengths in energy and natural resources and in turn India's strong economy and vast market could drive economic growth in the SCO region.
He said India's membership of the SCO will help drive the region's economic growth.
"India will unite with SCO countries to work towards this goal. And, we will adopt zero tolerance and a comprehensive approach in fighting terrorism at all levels," said Modi.
At the summit, India signed the SCO's Memorandum of Obligations, kick-starting the process of its accession into the group as a full member.
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India will have to sign around 30 other documents in the course of the year to complete the process for membership. Pakistan is also being inducted into SCO as a full member.
India, one of the largest energy consuming countries in the world, is expected to get greater access to major gas and oil exploration projects in Central Asia once it becomes a member of the SCO. Many of the SCO countries have huge reserves of oil and natural gas.
In his address, Modi exuded confidence that India's engagement with all SCO members will help in build a region which is an engine of economic growth for the world and is more stable and secure internally and strongly connected with other geographies.
Seeking deeper economic engagement, Modi said India's capacities in trade, investments, information and communication technology, space, agriculture, health care, small and medium scale industry can bring wide spread economic benefit to the SCO countries.
The Prime Minister said India will be a productive
partner in the SCO in promoting trade, energy cooperation and developing transport links in the region besides people-to- people contacts.
Talking about Afghanistan, the Prime Minister said, a stable, independent and peaceful Afghanistan is not just a "sincere desire" of each Afghan but it is also necessary for greater security and stability in the SCO region.
The Prime Minister had said at the Ufa Summit of the SCO last year, "the SCO leaders had accepted India as its full member.It was a landmark in India's engagement with SCO," adding "as a logical extension India's age old ties with the region, one-sixth of humanity will join the family of SCO."
He said with India as full member of the SCO, the group's boundaries would stretch from the Pacific to Europe and from the Arctic to the Indian Ocean.
"We can partner to develop human resources and institutional capacities in the region. Since our priorities match, our development experiences would be relevant to your national needs.
"And, not just physical connectivity.What we need is seamless flow of goods, services, capital and people among ourselves.But, that alone is not enough.Our region also needs to nurture strong rail, road and air links with the rest of the world," said Modi.
He said, next year, India would look forward to attending SCO meeting in Astana, as equal partners.