Prime Minister Narendra Modi addressed the India-CARICOM leaders' meeting in New York on Wednesday. (Photo: Twitter/@MEAIndia)

Prime Minister Narendra Modi on Wednesday (local time) chaired a meeting with the member states of the Caribbean Community and Common Market (CARICOM) on the margins of the United Nations General Assembly in New York.

During the meet, PM Modi announced a USD 14 million grant for community development projects in the Caribbean Community and Common Market (CARICOM) and another USD 150 million Line of Credit for solar, renewable energy and climate change related projects, ANI tweet quoted Ministry of External Affairs as saying.

Ministry of External Affairs: PM Narendra Modi announced a USD 14 million grant for community development projects in the Caribbean Community and Common Market (CARICOM) & another USD 150 million Line of Credit for solar, renewable energy & climate change related projects. https://t.co/9fLyqVv3gt ANI (@ANI) September 25, 2019

Another tweet said that PM Modi also announced the setting up of the Regional Center for Excellence in Information Technology in Georgetown, Guyana and the Regional Vocational Training Center in Belize by upgrading the existing India-funded centers in these countries.

Ministry of External Affairs: PM Modi also announced the setting up of the Regional Center for Excellence in Information Technology in Georgetown, Guyana and the Regional Vocational Training Center in Belize by upgrading the existing India-funded centers in these countries. https://t.co/651KsyQNWf ANI (@ANI) September 25, 2019

CARICOM is a group of twenty developing countries in the Caribbean that have come together to form an economic and political community that works together to shape policies for the region and encourage economic growth and trade.

In his welcome address to the group of leaders and bureaucrats attending the meeting, PM Modi said, "I welcome your gesture to attend this meeting. My country is fighting against some of today's pressing problems like climate change and poverty."

"Today's meeting focuses on India's participation with the CARICOM nations in energising our today's requirements and future expectations in areas of mutual cooperation. I hope every one of us will pour in important suggestions from their side today," PM Modi said.

"Underscoring our historic and warm ties with Caribbean countries, PM @narendramodi is hosting the India-CARICOM Leaders' Meeting on the margins of #UNGA," spokesperson of the Ministry of External Affairs, Raveesh Kumar, tweeted.

Leaders of 14 Caribbean countries participated in the meeting.

PM Modi, in his departure note, had said that the India-CARICOM leaders' meeting will "take forward our vibrant South-South cooperation and partnership with them."

PM Modi, earlier today, addressed the Bloomberg Global Business Forum met at least 42 CEOs of global companies.

PM Modi is apparently the only leader to have held a meeting with such a large number of CEOs of top global companies at an event coinciding with the UNGA meeting.

(With inputs from ANI)