UPSC Prelims 2017 International Relations

Consider the following in respect of the Indian Ocean Naval Symposium (IONS):

1. Inaugural IONS was held in India in 2015 under the chairmanship of the Indian Navy.
2. IONS is a voluntary initiative that seeks to increase maritime co-operation among the navies of the littoral states of the Indian Ocean Region.

Which of the above statements is/are correct?