How does the Indian Ocean Rim Association benefit India
How is the Indian Ocean Rim Association a key bloc for India? | Explained
The Indian Ocean Rim Association (IORA) benefits India in several ways, making it a key bloc for the country. Here are the key points:
- Trade and Economic Cooperation: IORA provides India with a platform to enhance trade and economic cooperation with member countries, fostering regional integration and economic growth.
- Maritime Security: With a vast coastline and important shipping lanes in the Indian Ocean, IORA allows India to collaborate with member states in ensuring maritime security, combating piracy, and addressing maritime challenges.
- Energy Security: IORA enables India to engage in dialogue and cooperation on energy security with countries in the region, facilitating resource exploration, development, and cooperation in the energy sector.
- Connectivity and Infrastructure Development: As part of IORA, India can participate in initiatives aimed at enhancing connectivity, building infrastructure, and promoting digital connectivity among member countries, supporting India's vision of regional connectivity and development.
- Tourism and Cultural Exchange: IORA promotes tourism and cultural exchange, providing India with an opportunity to showcase its rich cultural heritage and diverse tourism potential to member states, boosting its tourism industry.
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