Explanation –

Statements 1 and 2 are correct. The Colombo Process is a Regional Consultative Process comprising 12 Member States from Asia, which primarily serve as countries of origin for migrant workers. The forum facilitates the exchange of best practices on managing overseas employment. Last month, India assumed the chair of the Colombo Process for the first time since its inception. The Secretariat of the Colombo Process is hosted by International Organisation for Migration (IOM) with its headquarters in Geneva.

Source: AIR