Since 1998, the Franco-Indian relationship has become increasingly strategic, even as one could argue that it has yet to realize its full economic potential. The Indo-French strategic dialogue is now broad and wide-ranging, and the annual joint military exercises have each year grown more elaborate. When Modi and French President Francois Hollande met earlier this spring, they succeeded in injecting new energy into Franco-Indian security ties. Building on this renewed momentum, both leaders should recognize that it is in the Indian Ocean region that both countries’ strategic interactions have the potential to prove the most transformational.