Summary:

At the second India-Caricom Summit in Guyana, Prime Minister Narendra Modi unveiled seven critical pillars to strengthen India-Caricom ties. These pillars, forming the acronym C-A-R-I-C-OM, include capacity building, agriculture and food security, renewable energy and climate change, innovation and trade, cricket and culture, ocean economy, and healthcare. India and Guyana signed ten memorandums of understanding (MOUs) covering health, hydrocarbons, agriculture, and banking, committing to enhance collaboration.

A significant MoU focuses on hydrocarbons, crude sourcing, natural gas partnerships, and infrastructure development, leveraging Guyana's untapped reserves. India emphasized its commitment to deepening partnerships and addressing issues of the Global South. Proposed initiatives include an online platform for trade, technology, tourism, talent, and tradition, as well as a forensic center. India also supports reforms to global institutions such as the United Nations, World Bank, and International Monetary Fund. Guyana's President, Irfaan Ali, praised India's COVID-19 vaccination efforts and its leadership in sustainable development and the G20.

Source: IBEF

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