File: Prime Minister Narendra Modi and Vietnam counterpart Nguyen Xuan Phuc
NEW DELHI: Prime Minister Narendra Modi will hold an important summit meeting with his Vietnam counterpart Nguyen Xuan Phuc Monday, as India and Vietnam continue to bear the brunt of Chinese expansionism. Defence ties between the two countries, like in the recent past, will again be one of the main focus areas with Vietnam set to acquire a high-speed patrol boat from India and both the sides looking to finally operationalise a $500 million Line of Credit (LOC) offered by India to Hanoi for defence procurement.
In a significant statement last week, Vietnam ambassador to India Pham Sanh Chau had said Vietnam was looking forward to more investments by Indian companies in its oil and gas sector, in particular to Essar Exploration group ramping up its investment to $11 billion.
Amid tensions at LAC, China tacitly accepts India s supremacy in Indian ocean region – Indian Defence Research Wing
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Defence, energy, development in focus in key India-Vietnam summit on Monday
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Amid tensions at LAC, China tacitly accepts India s supremacy in Indian ocean region Sunday, December 20, 2020 By: Zee News
The ruling Chinese Communist Party (CCP) has accepted, grudgingly, that India has unique geographical advantages in the Indian ocean.
As per an article published in its mouthpiece Global Times, under the Indian Ocean Rim Association (IORA) to the Indo-Pacific groupings, New Delhi has been able to leverage the advantage with more and more countries joining Indian-led initiatives.
In fact, with Indo-Pacific construct, India is connecting Indian and Pacific oceans from the east coast of Africa to the west coast of the Americas, and as External Affairs Minister S Jaishankar said, Indo-Pacific is not tomorrow’s forecast but yesterday’s reality.