With an annual trade of about USD 300 million between India and these countries, the two-day meet, which is being held under the framework of the Forum for India Pacific Islands Cooperation (FIPIC), will also see participants exploring ways to enhance business ties and investment opportunities.
Minister of State for External Affairs V K Singh will host the conference, it said, adding two presidents and three prime ministers from Pacific Island countries have confirmed their participation.
It is also expected to facilitate the exchange of knowledge and experience, and initiate public-private partnerships and collaborations for the benefit of all participating countries.
Business leaders, academicians, civil society members and youths from the region would also participate in the meet.
FIPIC was formed in November 2014 to strengthen India's relationship with the Pacific Island countries.
The first FIPIC Summit was held at the level of heads of government in November 2014 in Suva, Fiji, followed by the FIPIC-II summit held in August 2015 in Jaipur.