India's Strategic Vision for Regional Cooperation in the Gulf
Key Ideas
  • External Affairs Minister Jaishankar emphasizes the significance of the Gulf region and the 'I2U2' partnership for India's strategic interests.
  • The 'I2U2' grouping aims to promote joint investments in key areas like water, energy, transportation, and green technologies.
  • India's strong economic ties with the Gulf region, highlighted by significant trade volumes, a large Indian diaspora, and crucial partnerships in energy and agriculture sectors.
  • Discussion on enhancing political, diplomatic, and economic cooperation between India and the Gulf region, focusing on common interests and regional stability.
During the 20th IISS Manama Dialogue panel in Bahrain, External Affairs Minister Jaishankar underlined the importance of the Gulf region, emphasizing India's commitment to the 'I2U2' partnership involving India, Israel, the US, and the UAE. The strategic collaboration aims to boost investments in various sectors including water, energy, and green technologies. Jaishankar highlighted the region's historical significance as a bridge between Europe and Asia, stressing the need for enhancing connectivity and cooperation in the present global scenario. India's trade relations with the Gulf region, valued at around 170-180 billion dollars annually and supported by a 10 million strong Indian diaspora, were discussed as crucial for India's economy. The region serves as a key energy partner, economic collaborator, and technology hub for India. Jaishankar articulated the importance of the Gulf Cooperation Council (GCC) nations for India, not only in terms of energy but also as a source of investment and technology collaboration. Furthermore, Jaishankar extended the discussion to the broader MENA region and the Mediterranean, highlighting the Indian presence in these areas through trade, diaspora, and infrastructure projects. He emphasized the strategic importance of these regions for India, particularly in the context of the emerging green hydrogen economy. The Minister also addressed the potential for enhanced political and diplomatic cooperation between India and the Gulf region, acknowledging the challenges and competition in the region. He highlighted the need for realistic and effective diplomacy to address regional issues, including the absence of ties between Israel and Iran. Overall, the discourse outlined India's strategic vision for fostering regional cooperation in the Gulf, encompassing economic partnerships, green technology initiatives, diplomatic efforts, and shared interests in ensuring stability and growth in the region.
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