India is the seventh-largest economy in the world as measured by nominal GDP and third largest economy as measured by purchasing power parity (PPP). The industrial sector registered a growth of 5.9 per cent in 2014-15, and India aims to grow further in this sector. Revitalizing Project ‘Sagarmala’ in 2014 is a major step towards […]
Introduction The ‘Blue Economy’ endorses sustainable development of the seas and oceans and attempts to balance social, environmental and economic goals while promoting exploration and utilization of oceanic resources. The concept has found widespread acceptance amongst coastal countries and island states and Prime Minister Modi has called for regional cooperation to support India’s vision of […]
The unfolding events in the South China Sea (SCS) in the last one decade plus has been tumultuous to say the least. The year Code of Conduct (CoC) 1was signed in Cambodia (2002) can be taken as the bench mark year when the members of the ASEAN and China agreed on prescribed methods for preventing […]
The Colombo Port City Project is a significant and arguably among Sri Lanka’s most controversial infrastructure projects. Initiated by the former President Mahinda Rajapaksa with a vision to rejuvenate Sri Lanka’s stagnant economy, the project is worth about $1.4 billion. The Chinese President Xi Jinping and former Sri Lankan President Rajapaksa officially launched the port […]
The Bay of Bengal Industrial Growth Belt (BIG-B) plan for shared economic cooperation was announced in September 2014 when Prime Minister Shinzo Abe visited Dhaka. This marked a new era in Japan-Bangladesh relations as both countries moved towards enhanced economic relations. 1 Japan has committed to provide a loan of approximately USD 5 billion to […]
China and Iran recently concluded a deal on developing Abadan oil refinery, the largest oil refinery in Iran. In September 2016, the final agreement was reached between China’s Stateowned oil refinery SINOPEC and Iranian Oil Refining and Distribution Company. The deal comes after Chinese President Xi Jinping visited Iran earlier in 2016. The visit occurred […]
On 4th September, the USS Firebolt, a coastal patrol boat, operating in the Persian Gulf was the subject of ‘harassment’ by seven Iranian boats operated by the Iranian Revolutionary Guard Corps Navy (IRGCN). This was preceded by a series of similar incidents in the week commencing 22nd August, which eventually led to the firing of […]
China’s growing assertiveness in the South China Sea and the verdict of the Hague based Permanent Court of Arbitration tribunal have made international headlines. In the wake of these developments, China has recently testes its new undersea glider Haiyi7000 (“Sea Wing”), which is an unmanned Autonomous Underwater Vehicle (AUV). In July-August 2016, Haiyi-7000 was deployed […]
China and Russia conduct regular combined exercises under the military cooperation mechanism signed in 2005. A bilateral naval exercise in the South China Sea (SCS) was held in mid-September 2016. Since 2012, the two neighbours have held annual exercises, with this being the fifth in the series. The earlier exercises were held in the Yellow […]
Sri Lanka’s Prime Minister Ranil Wickremesinghe, while delivering the inaugural address at the Indian Ocean Conference on 1st September 20161, called on the Indian Ocean countries to take the lead in determining ‘their own future’. He stressed on the need to craft an ‘Indian Ocean Order’ with accepted rules and arrangements that would guide interactions […]
The contemporary Maritime discourse on India US relations is highly skewed towards strategic issues led by the recent signing of the Logistics Exchange Memorandum of Agreement (LEMOA), and two other similar agreements are under active consideration by the two sides. Also, several other bilateral maritime agreementsr elating to technical arrangement for sharing of information on […]
On 29 August 2016, during the visit of the Indian Defence Minister Manohar Parrikar to Washington DC, India and the United States (US) signed the Logistics Exchange Memorandum of Agreement (LEMOA). Essentially, LEMOA is only a ‘functional’ agreement ‘to account for’ the essential supplies and services that one country would provide (at its port or […]