Making a strong pitch for SAARC nations to jointly combat coronavirus, Prime Minister Narendra Modi on Sunday proposed setting up a coronavirus emergency fund with India committing $10 million initially for it, and asserted that the best way to deal with the pandemic was by coming together, and not growing apart.

Apart from Modi, Sri Lankan President Gotabaya Rajapaksa, Maldivian President Ibrahim Mohamed Solih, Nepalese Prime Minister KP Sharma Oli, Bhutanese Premier Lotay Tshering, Bangladeshi Prime Minister Sheikh Hasina, Afghan President Ashraf Ghani and Special Assistant to Pakistani Prime Minister on Health Zafar Mirza, participated in the video conference.

"I propose we create a COVID-19 Emergency Fund. This could be based on voluntary contributions from all of us. India can start with an initial offer of 10 million US dollars for this fund," Modi said.

"We are assembling a Rapid Response Team of doctors and specialists in India, along with testing kits and other equipment. They will be on stand-by, to be placed at your disposal, if required," Modi told the SAARC leaders.

In his opening address, Modi said the South Asian region has reported less than 150 coronavirus cases, but "we need to remain vigilant".

"Prepare, but don't panic" has been India's guiding mantra in dealing with coronavirus outbreak, he said. "We started screening people entering India from mid-January itself, while gradually increasing restrictions on travel," Modi said.