- Prime Minister Modi, during his visit to Guyana for the second India-CARICOM Summit. The summit focused on collaboration in trade, technology, tourism, agriculture, health, and renewable energy.
- PM proposed seven key pillars to enhance ties with the Caribbean partner countries.
- C: 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
- M: Medicine and Healthcare
- 5Ts Framework: Suggested creating an online portal to promote Trade, Technology, Tourism, Talent, and Tradition, connecting private sectors and stakeholders.
- India highlighted a $1 million grant for the SME sector announced earlier, urging its swift implementation.
- India reinforced its commitment to renewable energy and climate resilience with a $150 million credit line.
| CARICOM (Caribbean Community) The Caribbean Community (CARICOM), established in 1973 through the Treaty of Chaguaramas with founding members Barbados, Guyana, Jamaica, and Trinidad and Tobago, is a regional organization promoting economic integration and development. CARICOM is a grouping of 21 countries: 15 Member States and 6 Associate Members Its primary objectives include fostering a single market and economy through the CARICOM Single Market and Economy (CSME). |
- CARICOM acknowledged India’s contribution of COVID-19 vaccines to the region during the pandemic.
- Indian Diaspora of approximately 3.2 lakh people reside in Guyana, strengthening cultural ties.
Dig Deeper: Read about regional organisations in the current discussion.
