Prime Minister Narendra Modi, in his joint statement with French President Emanuel Macron said that as resident powers of the Indo-Pacific, India and France have special responsibility for peace and stability in the region.

"As resident powers of the Indo-Pacific, India and France have special responsibility for peace and stability in the region. We are working on Indo Pacific Corporation road map to give a constructive shape to our cooperation. Both sides are also in discussion on the proposal for the Indo-Pacific, triangular development cooperation fund," Prime Minister said.

"This will open up new opportunities to promote startups and innovation in the entire region. We welcome the decision of France to lead the maritime resource peeler in India`s Indo-Pacific ocean initiatives," he added.

In a recent interview, the PM speaking to the French newspaper "Les Echos" stressed that the India-France partnership aims to advance a free, open, inclusive, secure and stable Indo-Pacific region, Prime Minister Narendra Modi said the two nations also aim to help other countries in the area.

Prime Minister Modi further said that India and France are working together not just to strengthen India`s defence industrial base and joint operational capabilities, but also to collaborate on supporting the security needs of other countries.