India on Monday expressed its commitment to a free, open and inclusive Indo-Pacific region. India also stressed on deepening economic engagement between the partners to achieve the goal of sustainable development, peace and prosperity, the official statement said. Prime Minister Narendra Modi attended a program dedicated to the Indo-Pacific Economic Framework for Prosperity, IPEF.
PM Modi said that the announcement of IPEF (Indo-Pacific Economic Framework for Prosperity, IPEF) is the culmination of collective will to make Indo-Pacific region an engine of global economic growth. Prime Minister Modi underlined the need to find a common and constructive solution to the economic challenges of the Indo-Pacific region. He said that India has historically been at the center of trade flows in the Indo-Pacific region.
PM Modi said that Lothal in Gujarat has the oldest commercial port in the world. Prime Minister Narendra Modi expressed India’s commitment to work with all countries of the region for the Indo-Pacific Economic Framework for Prosperity (IPEF). He said that the foundation of resilient supply chains should rest on the 3T (Trust, Transparency and Timeliness) formula.
The official statement said that India remains committed to a free, open and inclusive Indo-Pacific region and believes that deepening economic engagement between partners is critical for sustained growth, peace and prosperity. India will also work towards cooperating with partner countries under the Indo-Pacific Economic Framework (IPEF) and promoting regional economic connectivity, integration and trade and investment within the region. is willing to.