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The Indian prime minister also reiterated India’s support for the crucial RCEP trade talks.
ASEAN-India trade currently stands at $76 billion, and the two sides have set a target of $200 billion by 2022.
Key pacts are expected to be inked in areas of trade, business and energy during Singh's visit.
Remittances to the developing world will equal $414 billion, an increase of 6.3 per cent from 2012.
It is likely to take at least six months to complete the formalities for the new state of Telangana.
Khurshid discussed the situation in the Middle East and in Northern Africa with Lavrov.
The $12 billion steel plant project in Odisha is touted as India's biggest single foreign direct investment.
Indian President Pranab Mukherjee and Prime Minister Manmohan Singh paid homage to Gandhi on Wednesday.
India-Africa trade reached $70 billion last year and is expected to reach $100 billion by 2015.
The UNSC must reflect current political realities, the Indian prime minister told the General Assembly.
