"Everything is possible. What is impossible is a dialogue between those who like to hold a script in one hand and a gun in the other. That is not possible," he said.
"When people abandon the gun, nations and people will find a way forward to amity and coexistence," Akbar said, speaking at the second Gateway of India Geoeconomic Dialogue here this evening.
"Nobody talks under the shadow of a gun," he added.
Aimed at building synergy between business and foreign policy, the Ministry of External Affairs has, with Gateway House, co-hosted the two-day event which began today.
"We are sitting at a hotel which is a powerful part of the national and international memory. The hotel and its recovery and the fact that we are sitting here, is evidence of the power of recovery that India and Mumbai possess," Akbar said.
There can't be economic progress without peace, the minister said.
"Economic growth in itself is not enough. The poorest should be the first beneficiaries of economic growth. This is what the (Narendra) Modi government has been trying to achieve in the last over two years," Akbar said.
Akbar's counterpart from Bangladesh, Shahriar Alam, said as a student, he was an avid reader of the Sunday magazine, then edited by Akbar.
Alam spoke of the 'weakening' of Islamic State (IS), but cautioned against being complacent over this. "The weakening of IS is a political success. However, we also know that groups like Taliban have resurfaced, after it was said they were finished," he added.
Bangladesh hopes to join the league of developed nations by 2041, Alam said.
"Bangladesh has received the second largest chunk of FDI among South East Asian nations," he said.
Alam also lauded "Prime Minister Modi's slogan 'Sabka Saath, Sabka Vikas'", and said this could be a good benchmark for furthering Indo-Bangladesh ties.
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