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Indian Ocean to soon be ‘India’s Ocean’

08:33 PM | 12 Mar, 2015
Indian Ocean to soon be ‘India’s Ocean’
NEW DELHI (Web Desk) - In a move which some see as an attempt to mitigate China’s growing influence in the Indian Ocean, India has acquired infrastructure development rights to develop two islands in the Indian Ocean, said a report published on Times of India.


It earned the rights to set up two islands from its oceanic neighbours — ‘Agalega’ from Mauritius, and ‘Assumption’ from Seychelles — during Indian Prime Minister Narendra Modi’s much talked about visits to Maldives, Seychelles and Sri Lanka.


New Delhi is set to manifest its presence in the world’s third largest ocean by offering to develop partnerships with the two blue economies to generate bilateral economic cooperation, the report cited.


The go-ahead given to India to build up the islands is of paramount strategic significance as China dominated the realm of purposeful engagement with the island nations hitherto — despite India’s central location in the region.


According to official sources cited in the TOI report, the development rights had been discussed for months before they were finalised during Modi’s official visits to the isles.


Highlighting the impact that ocean economy could have in meeting India’s future challenges, Modi, on the day the agreement was finalised, said in a media statement: ”Our agreement today on the development of infrastructure in the Assumption Island (Seychelles) gives a strong boost to this partnership.”


A memorandum of understanding (MoU) was also signed between New Delhi and Mauritius for upgrading the infrastructure to improve air and sea connectivity to the Mauritian island, with the prospect that it would also positively impact the living conditions of the island’s inhabitants.


How successful could India turn out in exhibiting its imperialistic supremacy to its recalcitrant neighbour is a question some analysts have in their minds; whether the formidable Indian Ocean could really metamorphose into India’s ocean.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.


Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71


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