This was among the outcomes from FICA's Executive Meeting at The Oval, in London, said a media release from the association today.
"FICA confirmed its commitment to assisting Indian cricketers to set up an independent players' association, after the Lodha Committee and Indian Supreme Court ruled that an association should be formed," FICA said in its statement.
"It (Executive Meeting) noted that both India's national and domestic players are key stakeholders in the world's largest cricket economy. Assisting where possible to ensure those players have an independent collective voice, as well as creating player well-being, personal development and education programs will continue to be a priority," it added.
"FICA affirmed its full support for the ACA and player revenue sharing principles, which it considers to be global best practice in maintaining player stakeholding in the game in each country. It also discussed the importance of governing bodies respecting players' chosen representatives," the release said.
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The meeting also discussed the rapidly changing global cricket and player career landscapes at length, including the impact of domestic T20 leagues in delivering various career paths and choices for players around the world.
"FICA will continue to advocate for the balancing of traditional cricket structures with new markets and domestic T20 cricket," it said.
FICA Executive Chairman Tony Irish noted the lure of the ever-expanding domestic T20 leagues for the players.
"The global cricket landscape is providing more choice and more variety for career direction for players around the world. Players are no longer constrained by the traditional vertical career pathway that focused on international cricket," said Irish.