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Assist Sri Lankan economy as well

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India emerges giant in Indian Ocean region
In response to an urgent request from Sri Lanka, the Government of India (GOI) has decided to extend a Line of Credit (LOC) of US$ 55 million to Sri Lanka for procurement of Urea Fertiliser. In this context, a LOC agreement was signed between GOSL and the Export-Import Bank of India today (June 10, 2022) at Colombo, in the presence of the Prime Minister of Sri Lanka Ranil Wickremesinghe, the Minister of Agriculture Mahinda Amaraweera, and the High Commissioner of India to Sri Lanka Gopal Baglay. Senior officials from the Sri Lankan and Indian side were also present during the signing ceremony.

Prime Minister Narendra Modi’s India is taking every tenable step and giant strides to elevate its global stature to become one of the influential world powers in the South Asian region. After being a long-drawn actor in the international political arena, the immediate concern of India is to secure a permanent seat in the United Nations Security Council.Sri Lanka as a member of the United Nations General Assembly will support India’s endeavour by bartering India’s support for Sri Lanka at the United Nations Human Rights Council sessions.

India also assisted Sri Lankan economy in numerous ways latests with a fertilizer. As a regional power, India has created a niche in the global geopolitical framework and is in the forward march in partnership with the United States, Japan and Australia. India plays a vital role as a member of the Quadrilateral Security Dialogue with the other key players in the region.

The umbilical relationship that India has contracted with the United States creates a catalytic effect in the Indian Ocean to maintain the balance of power in the region. Prime Minister Narendra Modi was in the United States in September 2021 for the first in-person engagement with the United States President Joe Biden. In a joint statement, both countries outlined their positive relationship on matters of concern for both the countries.


FLASH BACK: President Biden, Prime Minister Modi and other world leaders at Quad Summit (NDTV) 

The Leaders welcomed increased cooperation under the Quad, including in the multilateral domain, given their shared vision of a free, open and inclusive Indo-Pacific region concerning territorial integrity, sovereignty, and international law. President Biden applauded India’s strong leadership during its United Nations Security Council Presidency in August 2021.

In this context, President Biden also reiterated the support of the United States for India’s permanent membership in a reformed United Nations Security Council and for other countries, significant champions of multilateral cooperation and aspire to permanent seats on the United Nations Security Council. He also reaffirmed United States support for India’s entry into the Nuclear Suppliers Group.

They welcomed the extension of the Statement of Guiding Principles on Triangular Cooperation for Global Development to leverage the combined capacities of India and the United States to address global development challenges around the world, particularly in the Indo-Pacific and Africa. In addition, they looked forward to launching the U.S. – India Gandhi-King Development Foundation to advance cooperation on health, education, and the environment. In May, during the Quad summit in Tokyo, Prime Minister Modi met with US President Joe Biden for a second time for crucial talks.

New Delhi also joined Washington’s Indo-Pacific Economic Framework for Prosperity, which aims to intensify economic relations in the region short of a formal trade treaty. Even during the critical situation in Ukraine, India strategically and discreetly moved to refrain from joining the Western power bloc to condemn Russia or impose sanctions on Russia.

India has proved its mettle to remain independent, maintain neutrality and yet to stay as a power to reckon. India moved to protect Indian interests above all other things. Although there were hiccups in Washington over India’s stand not to abide by US sanctions imposed on Russia, India never cowed into pressure. Despite repeated warnings, India stood by its commitment and took a very independent view of the unfolding saga. India warned of consequences that may follow for not abiding by the sanctions, notwithstanding that the relations between the two countries reached the status quo despite being on the brink of a diplomatic faux pas.

By the end of April, almost all the unsavoury diplomatic misgivings diminished and vanished into thin air, and the relations between the two countries blossomed. India did not have to condemn Russia or stop buying Oil from Russia at a comparatively cheap rate. In the final analysis, the Biden administration was not so keen to push India to a corner because they both are heaped with a daunting task to accomplish together to keep tabs on China.

Against that backdrop, the US moved strategically to fulfil a much greater requirement in their schedule, and so did India. As far as the United States is concerned, India is a strategic partner in the face of a lingering threat hanging over the Indo-Pacific region. Hence, there is a joint effort by both parties to keep the haunting Chinese specter at bay. Nevertheless, China’s political clout in the Indian Ocean zone launched through the one-road- one belt initiative is facing a gradual contraction, with the overshadowing of quad influence over the area.

The Indian interest in Russia is an interminable manifestation of a deep affinity mainly for historical reasons. As the United States forged closer to India’s arch-rival Pakistan as a close ally, India turned to the Russian federation.

The Federation of Russia helped and supplied India with Russian-built Military hardware, and nearly 80 per cent of the weapons India uses are of Russian origin. Russia also rescued India at the United Nations Security Council when the Jammu Kashmir issue cropped up frequently and strengthened their partnership, leveraging Russian help in the face of border disputes with China, another arch-rival of India.

When the Russians invaded Ukraine, India took up a position contrary to that of the United States and the West. India always sided with Russia as a traditional friend. The Indian – Russian connection dates back to a few decades during the Pakistan war when the US extended their support to Pakistan in many ways.

The United States sent its seventh fleet to the Bay of Bengal to unnerve India, the Russians expressing their extreme support to India, trailing behind the Americans. Simultaneously General Sam Manekshaw won the war over Pakistan and freed Dhaka from Pakistani clutches. Prime Minister Indira Gandhi was jubilant and virtually outwitted the Americans.

PM Modi recently met a group of influential world leaders as a part of his rendezvous with the denizens of the JP Morgan International Council. According to the Indian media, the group included former US Secretaries of State Henry Kissinger, Condoleezza Rice, former US Secretary of Defence Robert Gates and former PMs John Howard and Tony Blair.

To say Kissinger was one of India’s most prominent detractors wouldn’t be an understatement. Yet he begrudgingly admitted that he had a deep respect for Indira Gandhi and her commitment to the Indian cause. Of all Indian PMs, no other leader had shown the Americans their place like Indira Gandhi.

This was reflected in the deep hatred that Nixon and his advisor Kissinger had for Indira Gandhi. In the present context of the Ukraine fiasco, Russian Foreign Minister Sergey Lavrov visited India in April to thank New Delhi for its unstinting support in shielding Moscow at the United Nations.

The Russian Foreign Minister said they were ready to supply any goods India would buy from Russia. Russian Foreign Minister Lavrov said that India could play the mediator role in the Russia-Ukraine conflict that inexorably would put India on a pedestal on the world stage.

In every conflict, something profitable would happen to somebody in the present political imbroglio. India has profited and inexorably emerged and risen as a world power and – a colossal giant in the Indo-Pacific region. (India Media)

Monday, June 13, 2022 – 01:00











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