Explanation:

Both statements are correct.

Recently, the third edition of the high-level virtual interaction MAHASAGAR was conducted by the Indian Navy.

• Maritime Heads for Active Security And Growth for All in the Region (MAHASAGAR- which means vast ocean in Hindi) --, is the Indian Navy's flagship outreach for high-level virtual interaction among the leaders.

• The initiative, started by the Indian Navy, is conducted bi-annually and has garnered wide acceptance among the participating nations ever since its inception in 2023.

• Participating countries: Indian Ocean Region littorals viz., Bangladesh, Comoros, Kenya, Madagascar, Maldives, Mauritius, Mozambique, Seychelles, Sri Lanka and Tanzania. 

• The interaction’s theme of this edition was ‘Training Cooperation to Mitigate Common Maritime Security Challenges in IOR’, which highlights the present and necessary imperatives for Training Corporation towards mitigation of common maritime challenges in the Indian Ocean Region.

• During the current edition, the principals candidly dwelled on the imperatives of quality training and opportunities for training collaboration between IOR littorals   towards developing requisite capacities and skilled manpower to tackle Common Maritime Security Challenges in the IOR.  

Hence option 3rd is correct.