PM Modi Proposes 7 Key Pillars To Strengthen Ties Between India And 'CARICOM'

Georgetown: Prime Minister Narendra Modi has proposed seven pillars based on the acronym CARICOM to further enhance the cooperation during the second India-CARICOM Summit. The Prime Minister described CARICOM as C for  Capacity Building, A - Agriculture and Food Security, R - Renewable Energy and Climate Change, I - Innovation, Technology and Trade, C - Cricket and Culture, O - Ocean Economy and Maritime Security and M stands for Medicine and Healthcare.

Modi, who arrived in Guyana on Wednesday -- the first visit by an Indian head of the state in more than 50 years, made the remarks as he joined leaders from the Caribbean partner countries for the second India-CARICOM Summit.

They discussed ways to strengthen ties in areas such as economic cooperation, agriculture and food security, health and pharmaceuticals, and science and innovations.

During the summit, Prime Minister Modi proposed seven key pillars to strengthen ties between India and 'CARICOM'.

Modi also said, "to promote five Ts - trade, technology, tourism, talent and tradition, an online portal could be made to connect the private sector and stakeholders of all countries." "India is moving ahead in the SME (small and medium enterprises) sector. During the India-CARICOM meeting last year, we had announced a grant of one million dollars for SME sectors. We should focus on its implementation now," Modi said.

CARICOM Heads of Government and the Prime Minister last met in 2019 on the margins of the 74th Session of the United Nations General Assembly (UNGA), where they discussed cooperation modalities in renewable energy and climate change through a USD 150 million credit line from India.

During the summit, Guyana President Irfaan Ali said,"(I want to) thank you and people of India for your selfless attributes when you delivered to this region the first set of vaccines during the COVID pandemic.

According to the MEA, there are around 3,20,000 people of Indian origin in Guyana.

The prime minister arrived from Brazil where he attended the G20 Summit and also met with global leaders, including US President Joe Biden , French President Emmanuel Macron and UK Prime Minister Keir Starmer.

Earlier, Modi travelled to Nigeria, where he held bilateral talks with President Bola Ahmed Tinubu and interacted with the Indian community.