India is hosting the 2nd Forum for India-Pacific Islands Cooperation (FIPIC) Summit on August 21 with an aim to chart out a new course in relationship with the countries of pacific region, where China has been trying to step up its influence.
Secretary (East) in External Affairs Ministry Anil Wadhwa said India will push for greater cooperation with the island nations in sectors like oil and natural gas, mining, IT, healthcare, fishing and marine research besides many other areas, noting that India wants to be "trusted partner" in their journey of development.
The island nations which will take part in the FIPIC summit include Cook Islands, Tonga, Tuvalu, Nauru, Kiribati, Vanuatu, Solomon Islands, Samoa, Niue, Palau, Micronesia, Marshall Islands, Fiji and Papua New Guinea. Some of the island nations have oil and gas reserves.
Prime Minister Narendra Modi during his visit to Fiji in 2014 had identified a number of areas for cooperation including food processing, fisheries, solar energy and telemedicine and climate change and proposed that FIPIC summit should be held regularly.
India's annual bilateral trade with the 14 countries is around USD 300 million out of which USD 200 million is India's export and USD 100 million is its import.
India provides grant-in-aid of USD 200,000 to each country annually.
Wadhwa said disaster mitigation programmes and cooperation in renewable energy are two major areas where both sides will put focus on.
Most of the heads of governments and states and other delegates will arrive here on August 19 and they will be given a ceremonial welcome at the forecourt of Rashtrapati Bhavan on August 20.
In the evening, they will participate at a CII event and on the morning of August 21, the delegates will leave for Jaipur. In Jaipur they will visit the Amer fort and in the evening participate at the summit which will also be addressed by Modi.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
