The Commonwealth of Australia formally launched the Australia-India Indo-Pacific Oceans Initiative Partnership. This programme will support free, open and prosperous Indo-Pacific region. Australian Government has provided a grant of 1.4 million Australian dollars (Rupees 8.12 crores) to support the initiative.
Indo-Pacific Oceans Initiative
This Initiative was launched by Prime Minister Modi at the East India Summit in 2019. The Indo-Pacific Oceans Initiative aims to strengthen maritime boundaries. It has 3-main common goals namely welfare promotion, wealth creation and cooperation win-win strategies.
The main principle is to create partnerships between like-minded countries.
Pillars of the Indo-Pacific Oceans Initiative
- Maritime Resources
- Maritime Security
- Maritime Transport
- Maritime Ecology
- Capacity Building and Resource Sharing
- Disaster Risk Reduction and Management
- Trade Connectivity
- Technology and Academic Cooperation
India has always placed ASEAN countries at the centre of the Indo Pacific Oceans Initiative. In simple terms, Indo Pacific Oceans Initiative is an extension of Look East Policy.
India and Vietnam
In August 2020, both countries agreed to enhance their bilateral cooperation to achieve the objectives of Indo-Pacific Oceans Initiative.
Indo-Pacific Oceans Initiative was also launched in the backdrop of China’s aggression in the region and its actions along the LAC (Line of Actual Control). The South China Sea is a part of the Indo-Pacific region. It holds huge reserves of minerals and hydrocarbons. The People’s Republic of China claims sovereignty over most of the South China sea. The other member countries in the region such as Philippines, Vietnam and Brunei dispute claims of the People’s Republic of China.
Australia-India initiative in Indo Pacific Oceans