India-Pacific Islands Chamber of Commerce is a grouping developed for cooperation between India and 14 Pacific Islands nations which include Cook Islands, Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Niue, Samoa, Solomon Islands, Palau, Papua New Guinea, Tonga, Tuvalu and Vanuatu.
India hosted the heads of 14 island nations at the Forum for India-Pacific Islands Cooperation (FIPIC), in what was seen as a first step towards greater engagement with the region, which is important from an economic and geostrategic standpoint and is expected to pave the way for agreements in agriculture, food processing, fisheries, solar energy, e-networks for coordination in telemedicine and tele-education, space cooperation and climate change, all of which were mentioned as areas of potential cooperation by Prime Minister Narendra Modi during his visit to Fiji in 2014.
He had set the ball rolling for reinforcing ties with the island nations by announcing visa on arrival for their nationals, funds for small business, line of credit for a co-generation power plant for Fiji, and a special adaptation fund for technical assistance and capacity building for countering global warming.