He also appealed the grouping to “isolate and sanction supporters of terrorism”.
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MEA spokesperson Vikas Swarup said that at the informal BRICS (Brazil-Russia-India- China-South Africa) summit that followed his meeting with President Xi, the Prime Minister told the BRICS meet that terror groups “in South Asia and for that matter anywhere do not own banks and factories”.
The G20 nations reaffirmed their solidarity and resolve to fight terrorism in all its forms and wherever it occurs.
Hangzhou: India on Sunday raised its concern with China over the CPEC which runs through PoK and terrorism “emanating from the region” as Prime Minister Narendra Modi told Chinese President Xi Jinping the two countries need to be “sensitive” to each other’s strategic interests.
“Growing forces of violence and terror pose a fundamental challenge”. There are some nations that use it as an instrument of state policy. “Because anything less than that is not enough”, Modi said.
“In confronting terrorism, we remain committed to effectively exchanging information, freezing terrorist assets, and criminalising terrorist financing”.
“We call on the FATF to reflect by March 2017 on ways to progress in strengthening its traction capacity and enhanced effectiveness of the network of FATF and FATF-style regional bodies”, it said.
The global economy is “at a crucial juncture”, Xi said, hemmed in by sluggish demand, financial market volatility and feeble trade and investment.”Growth drivers from the previous round of technological progress are gradually fading, while a new round of technological and industrial revolution has yet to gain momentum”.
Modi also stressed the need to address the root causes of terrorism emanating from the neighbourhood, leaving little doubt that his message was aimed at getting China to pressure Pakistan, rather than preventing worldwide action on its “all-weather friend” as it has recently done by placing holds on UNSC sanctions on terrorists such as Masood Azhar.
“Fighting corruption, black money and tax evasion is central to effective financial governance”, he said while addressing the G20 leaders.
epa04405515 Chinese President Xi Jinping (L) and Indian Prime Minster Narendra Modi reacts to each other after reading a joint statement at Hyderabad house in New Delhi, India, 18 September 2014.Chinese President Xi Jinping held talks with Premier Narendra Modi in New Delhi after which 12 pacts including a 5-year economic and trade plan as well as cooperation in the areas of space, railways and culture were signed.
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