According to the statement, the exercises will end on February 29.
The exercises are taking place close to Goa.
"The thrust of exercises at sea this year would be on Anti-Submarine Warfare (ASW), Surface firings, Air Defences, Visit Board Search and Seizure (VBSS), Flying Operations, Search and Rescue and tactical procedures," the statement reads.
The three countries began holding the IBSAMAR exercises in 2006. This is the fifth round of the drills. All previous exercises were held in South Africa. This year, the IBSAMAR exercises will involve ships, submarines, aircraft and special forces.