In a social media post on 'X' marking the 20th anniversary of Quad, External Affairs Minister S Jaishankar on Tuesday said the four-nation grouping now stands as a vital force for stability, progress and prosperity in the Indo-Pacific.
The Quad (Quadrilateral Security Dialogue) is a grouping of four Indo-Pacific nations, US, Japan, Australia and India. Its fourth inperson Quad leaders’ summit was hosted by President Joe Biden in Wilmington, Delaware, recently.
''The Ministers will take forward discussions held during the last meeting in New York in September 2023 and exchange views on developments in the Indo-Pacific region, and review progress on Quad initiatives and working groups,'' the Ministry of External Affairs (MEA) said.
Among the plethora of regional and inter-regional organisations with leading nations as influential members of the world’s political and economic policy-making bodies such as Nato, Quad, SCO, Asean, Brics and many others, the possible expansion of the last names by welcoming new members has generated considerable interest in global politics.
Referring to recent activities of the Quad, he said that the grouping seeks to build resilient supply chains in telecom, cyber security, semiconductors and AI.
"India will likely be a growing destination market for goods from fellow Quad countries, while the US and Japan will continue to be major sources of foreign direct investment in India's services, telecommunications and software sectors," said Moody's Investor Service.
For, the overlap of multilateral alliances in the region which has come to the fore could well turn out to be counter-productive as critics have been warning for a while now.
The virtual meeting will be held between India’s Prime Minister Mr. Narendra Modi, US President Joe Biden, Israel's Prime Minister Naftali Bennet, and UAE`s President Mohammed bin Zayed Al Nahyan.
All four nations find a common ground of being democratic nations and common interests of unhindered maritime trade and security.
During his meeting with Yoshihide Suga, PM Modi thanked him for strengthening bilateral relations between the two countries.
