The term ‘IndARC’ sometimes seen in the news, is the name of?

IndARC stands for India's first underwater observatory deployed in the Arctic region. Here's a breakdown of its key aspects:

Its location in Kongsfjorden fjord, Svalbard, Norway (situated midway between Norway and the North Pole) and deployment in the year 2014 for studies of the Arctic climate and its influence on the Indian monsoon system.