Washington: The Indo-Pacific is of huge importance to India and the world as the fulcrum of economic and political activity is moving from the Atlantic to this region, India’s envoy to the US has said and called for a rule-based approach to reap benefits for all. Indian Ambassador to the US Navtej Singh Sarna said the entire blue economy was virtually untouched in terms of exploration and development.
“It (Indo-Pacific region) has a huge importance, not only in India but for the world because as you see the fulcrum of economic and political activity, is moving to from the Atlantic to this part of the world,” he told a Washington audience yesterday. He said there was a huge potential for peace and prosperity for everybody in the region.
“Whether it is the percentage of oil that goes through this area, percentage of container traffic that goes through this area, or the challenges being faced from piracy, whether you see the immense potential of the blue economy,” he said in his address at the launch of the “Indo-Pacific Infrastructure Trilateral Forum.” “And I think, India certainly sees it from that perspective. We see this as an area in which it’s important to have an inclusive approach; an approach which is rules-based,” the Indian envoy said.