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1st INDIA-CARICOM LEADERS SUMMIT

Written by Talent KAS

Related Topics: International Relations, CARICOM

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Prime Minister Narendra Modi has met the leaders of the Caribbean Community and Common Market during the first-ever India-Caricom leaders’ summit in New York.

About the Summit

  • The meeting was the first-ever meeting of PM Modi with CARICOM leaders in a regional format.
  • The Caribbean community, also known as CARICOM, is a grouping of 15 member states and five associate members.
  • The summit highlighted the steadily intensifying relations between India and partner countries of the Caribbean, both bilaterally as well as regionally.
  • The meeting deliberated on the strengthening the political and institutional dialogue processes, boosting economic cooperation, increasing trade and investment and fostering greater and more robust people-to-people relations.
  • The meeting was attended by top leadership and representatives from Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Saint Kitts and Nevis, Saint Lucia, Saint Vincent & the Grenadines, Suriname, Trinidad and Tobago.

Key Highlights of PM Speech

  • PM Modi has announced a grant of $14 million for community development works in the CARICOM and another $150 million Line of Credit for solar, renewable energy and climate-change related projects.
  • Regional Centre for Excellence in Information Technology will be set up in Guyana’s Georgetown and the Regional Vocational Training Centre in Belize by upgrading the existing India-funded centres in these two countries.
  • India’s firm commitment to strengthen its political, economic and cultural engagement with CARICOM was reiterated and noted the presence of over a million-strong Indian diaspora as a vibrant and enduring link of friendship with the Caribbean nations.
  • Emphasis was laid on partnering with CARICOM countries in capacity building, development assistance and cooperation in disaster management and resilience.
  • CARICOM countries were invited to join the International Solar Alliance (ISA) and the Coalition for Disaster Resilient Infrastructure (CDRI), which was announced by the PM in his address to the UN Climate Action Summit.

[Source: Economic Times, Investopedia]

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Talent KAS

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