Indo-Pacific Oceans Initiative: Australia announces Rs 8.12 crore grant under its partnership with India

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New Delhi: As India and Australia enhance engagement under the Indo-Pacific imaginative and prescient, Canberra on Monday (April 19, 2021) introduced a Rs 8.12 crore grant under the Indo-Pacific Oceans Initiative (IPOI). 

The IPOI was proposed by Prime Minister Narendra Modi on the East-Asia Summit in November 2019 and Australia is co-leading New Delhi within the marine ecology pillar of the initiative. 

Barry O’Farrell, the Australian High Commissioner to India, whereas launching the grant stated, “This AUD 1.4 million (INR 8.12 crore) grant program is a practical initiative to advance Australia and India’s shared vision for the Indo-Pacific.”

He added, “Through this program, we are seeking new proposals on how Australia, India and other regional partners can advance our shared maritime objectives.”

Back in June 2020, after the digital summit of Indian and Australian PMs, overseas ministers S Jaishankar and Marise Payne had signed the Joint Declaration on a ‘Shared Vision for Maritime Cooperation within the Indo-Pacific’.

The Australia-India Indo-Pacific Oceans Initiative Partnership types the core of this ‘shared imaginative and prescient’ of each nations.

To apply for the grant, the corporate or group ought to be positioned in both India or Australia and have companions in both of the 2 nations. Up to $350,00 is anticipated to be obtainable for allocation in 2020-21 and all functions can be assessed on a aggressive foundation.

This is to be famous that France final week, in the course of the go to of its overseas minister Jean-Yves Le Drian, had joined the ‘Maritime Resources’ pillar of the IPOI, which was additionally welcomed by India.





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