India’s inability to develop the Farzad-B gas field in the Persian Gulf, due to contractual disagreements and US sanctions, has led to a US$ 400 million loss. A loss of this magnitude could adversely affect India’s image as a reliable global energy investor. Meanwhile, the transfer of a diesel-electric submarine to the Myanmar Navy is in line with India’s policies of “Neighbourhood First” and “Act East”, as part of the envisaged “Indo-Pacific Oceans Initiative”, and commitment to address regional security concerns through the vision of SAGAR – Security and Growth for All in the Region.
The Indian navy Shivalik-class stealth multi-role frigate INS Kamorta (F49) and the Japan Maritime Self-Defense Force Akizuki-class destroyer JS Fuyuzuki (DD 118) underway in formation during exercise Malabar 2018. Malabar is designed to advance military-to-military coordination in a multinational environment between the U.S., Japanese, Indian and now Australian maritime forces. (U.S. Navy photo by Mass Communication Specialist 2nd Class Sarah Myers/Released)
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