AGARTALA / NEW DELHI, May 15 (TIWN): Chief Minister Manik Sarkar led CPI-M Govt. miserably failed to capitalize Modi Govt's act-east policy in the field of IT, foreign trade, investments, new industry even after central govt's historical gift of India's 3rd internet ateway at Agartala.The Narendra Modi government has elevated India's "Look East" policy of the last two decades to "Act East", and resolved to move with a greater sense of priority and speed to implement the same, External Affairs Minister Sushma Swaraj said on Saturday. "We envisage a more vigorous and proactive engagement with this economically vibrant region of our extended neighbourhood. Northeast is an important pillar of our policy and a valued partner," she said.Elaborating on how the Modi government has been developing and strengthening friendly relations with neighbours as well as other countries, Sushma Swaraj said it was engaged closely with the neighbourhood and has strengthened relations with major countries."Our government is working on the simple 3C mantra -- commerce, culture and connectivity."The fundamentals of the economy are very stable and the International Monetary Fund (IMF), the World Bank, the Organisation for Economic Cooperation and Development (OECD), credit rating agencies and other experts speak in one voice of optimism about India's growth prospects," she said.

"In all these three areas, I cannot over-emphasise the importance of ambitious projects for land connectivity with Northeast India, Thailand through Myanmar.

"We are also working on enhancing our sea connectivity with eastern nations like Thailand, Myanmar which is a maritime neighbour of India," she said.

The enhanced connectivity with Myanmar will help Indian traders and businesses in linking up with the markets of Southeast Asia, she said.

"In particular, this would help India's northeastern states in their development.

Reminding the Indian business leaders as to how, according to the latest World Bank forecast, the Indian economy was poised to grow 7.5 percent this year, she said it would make it the world's fastest growing economy .

"Our government came with the slogan of 'minimum government, maximum governance'. We have strived to offer a stable, predictable and transparent policy regime, making the country an attractive destination for investors.

"The last one year of the new government has contributed to economic good governance and all-round development," the minister said.

Coming to North East Indian States, Foreign Minister reiterated on the importance of understanding 'act-east' policy as the vehicle for rapid industrialization in State.