The Indo-Pacific area encompasses the Pacific and Indian Oceans in Southeast Asia. The Indo-Pacific area, formerly known as the Asia-Pacific region, was recently renamed. This symbolizes the strategic regional comprehensive economic partnership between India and the United States.
The Indo-Pacific Oceans Initiative (IPOI) was announced during the East Asia Summit in Bangkok, Thailand, on November 4, 2019. The IPOI, as an open global initiative, adds to the current regional cooperation architecture and mechanisms to focus on seven central pillars: Maritime Security, Maritime Ecology, Maritime Resources, Capacity Building, and Resource Sharing, Disaster Risk Reduction and Management, Science, Technology, and Academic Cooperation, Trade Connectivity and Maritime Transport.
As there are many stakeholders in the Indo-Pacific, India needs to maintain the delicate balance between the interests of all stakeholders.. Thus, India should carefully design its Indo-Pacific policy focusing on its long-term strategic and economic interests in mind.