Australia announces partnership with India for Indo-Pacific Oceans Initiative

Australia has announced a grant of Rs 81.2 million (AUD 1.4 million) under the Indo-Pacific Oceans Initiative (IPOI). IPOI was proposed by Indian Prime Minister Modi at the East Asia Summit in November 2019 and Australia is co-leading New Delhi in the marine ecology pillar of the initiative.

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About the partnership:

• The initiative will help to support a free, open and prosperous Indo-Pacific.
• The Australia-India Indo-Pacific Oceans Initiative Partnership forms the core of this “shared vision” of both countries.
• To apply for the grant, the company or organization should be located in either India or Australia and have partners in either of the two countries.
• Up to $350,00 is anticipated to be available for allocation in 2020-21. All applications will be assessed on a competitive basis.

Important takeaways for all competitive exams:

• Australia Capital: Canberra.
• Australia Currency: Australian dollar.
• Australia PM: Scott Morrison.

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