Context:
The Italian PM delivered the inaugural address of the 8th Raisina Dialogue organised by Observer Research Foundation jointly with the Ministry of External Affairs.
Image Source: Tribune India
About the News:
- ‘Startup Bridge’: Both countries announced the establishment of a ‘Startup Bridge’ between India and Italy.
- Joint Military exercises: It was also decided to organise the joint military exercises and training courses on a regular basis.
- Declaration of Intent (DOI): The two countries also concluded a Declaration of Intent (DOI) on migration and mobility.
- Joining the Indo Pacific Ocean Initiative (IPOI): India welcomed Italy’s active participation in the Indo-Pacific, as Italy decided to join the Indo Pacific Ocean Initiative (IPOI).
Indo Pacific Ocean Initiative:
- Prime Minister Narendra Modi launched the Indo-Pacific Oceans Initiative (IPOI) at the East Asia Summit in 2019.
- IPOI seeks to ensure security and stability of the regional maritime
- IPOI is an open, non-treaty based initiative for countries to work together for cooperative and collaborative solutions to common challenges in the region.
- IPOI draws on existing regional architecture and mechanisms to focus on seven pillars:
- Maritime Security
- Maritime Ecology
- Maritime Resources
- Capacity Building and Resource Sharing
- Disaster Risk Reduction and Management
- Science, Technology and Academic Cooperation
- Trade Connectivity and Maritime Transport
Additional Information:
About Raisina Dialogue:
- The Raisina Dialogue is India’s premier foreign policy conference on geopolitics and geoeconomics committed to addressing the most challenging issues facing the global community.
- The first session was held in 2016.
- It is organised on the lines of the Shangri La Dialogue which takes place annually in Singapore and is co-hosted by the Ministry of External Affairs (MEA) and the Observer Research Foundation (ORF).
- It brings together leaders from the global strategic and policy-making community to discuss key geopolitical developments and strategic issues facing the world.
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News Source: The Hindu
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