Explanation:

• India’s efforts are in advanced stages to set up coastal radar stations in Maldives, Myanmar and Bangladesh. The Coastal Radar Chain Network will link up with similar systems in India, Sri Lanka, Mauritius and Seychelles—will provide a comprehensive live feed of ship movements in the Indian Ocean Region that can be used by friendly navies. The Indian Navy will inaugurate the Information Fusion Centre (IFC) for the Indian Ocean Region (IOR).
• The Information Fusion Centre will serve countries that have White Shipping Information Exchange (White-shipping refers to commercial shipping information about the movement of cargo ships) agreements with India.
• The IFC has been established at the Indian Navy’s Information Management and Analysis Centre (IMAC) in Gurugram, Haryana.
• IFC is the single point center linking all the coastal radar chains to generate a seamless real-time picture of the nearly 7,500-km coastline.

Recently, India has also signed the Trans Regional Maritime Network (T-RMN) agreement. 

• The multilateral agreement comprises 30 countries and is steered by Italy.
• This will facilitate information exchange on the movement of commercial traffic on the high seas.
• Under the T-RMN, information is available mainly through the Automatic Identification System (AIS), fitted on the merchant ships as mandated by the International Maritime Organisation.

Hence both statements are correct.