India has longstanding tradition of south-south cooperation with fellow developing countries, especially LDCs and Small Island Developing States (SIDS). This cooperation spans a vast range of development partnership activities (including renewable energy, infrastructure, disaster risk reduction, agriculture, fisheries).
The Government of India has substantially increased its financial support to SIDS and has pledged a sum of US$ 500 million in grant-in-aid and US$ 1 billion in soft loans over the next three years to SIDS. During the last three years the Government of India has contributed a sum of around US$ 75 million in grant assistance towards development partnership projects in many of these partner countries.
In the context of cooperation with Pacific Islands, India has committed to the establishment of an Institute for Sustainable Coastal and Ocean Research; and a Network of marine Biology Research Stations; setting up of IT laboratories; continuing support for coastal surveillance and hydrographic surveys; continuing scholarships for higher education and training; training in solar energy among others.
At the India-Pacific Island Sustainable Development Conference held in Suva in May 2017, India announced a contribution of US$ 1 million to support the Government of Fiji during its Presidency of COP 23 of UNFCCC Climate Change negotiations.
On the World Oceans Day on 8 June 2017 India has announced a contribution of US$ 1 million towards a Climate Early Warning System project for six Pacific Island countries (Cook Islands, Kiribati, Marshall Islands, Micronesia, Nauru, Solomon Islands and Tonga) under the newly established India-UN Development Partnership Fund, where India will enter into a triangular partnership with the UN Office for South-South Cooperation.