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Thread: #India announces $12 million grant for Pacific Island states - India joins #Australia in countering #Chinese influence there 👍 economictimes.indiatimes.com/news/politics-…
To continue High-Level engagement, PM extended an invitation to all the leaders for the 3rd FIPIC Summit to be held in Port Moresby in first half of 2020.
The India-Pacific Islands Developing States (PSIDS) Leaders’ meeting was held on 24th September in New York on the sidelines of the 74th UN General Assembly in what would feed into Delhi’s Indo-Pacific strategy.
In the spirit of his fundamental Mantra "Sabka Saath, Sabka Vikas aur Sabka Vishwas (together with all, for the development of all and with the trust of all) the Indian PM announced allocation of $ 12 million grant towards implementation of high impact developmental projects.
In addition, a concessional Line of Credit of $ 150 Million which can be availed by the PSIDS for undertaking solar, renewable energy and climate related projects based on each country’s requirement was announced.
The New York meeting was attended by the Heads of delegation of Fiji, Republic of Kiribati, Republic of Marshall Islands, Federated States of Micronesia, Republic of Nauru, Republic of Palau, Independent State of Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu & Vanuatu.
India’s relationship with Pacific Island nations has deepened with the evolution of Act East Policy, resulting in the setting up of the action-oriented Forum for India–Pacific Island Cooperation (FIPIC).
During the FIPIC Summits Prime Minister articulated India’s desire to be a close partner of the Pacific Island nations and its readiness to work closely to advance their developmental agenda.
He said that India is equally committed to tackle the impact of climate change and supports efforts of the PSIDs to achieve their developmental goals through necessary developmental and technical assistance.
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