Ministry of Earth Sciences invites suggestions on blue economy policy

• Policy document outlines the vision and strategy to utilize oceanic resources available in country.

• It aims to enhance contribution of the blue economy to India’s GDP, improve lives of coastal communities, preserve marine biodiversity and maintain national security of marine areas and resources.

Draft recognised 7 thematic areas:

• National accounting framework for blue economy and ocean governance;

• Coastal marine spatial planning and tourism;

• Marine fisheries, aquaculture, and fish processing;

• Manufacturing, emerging industries, trade, technology, services, and skill development;

• Logistics, infrastructure and shipping, including trans-shipments;

• Coastal and deep-sea mining and offshore energy and

• Security, strategic dimensions and international engagement.

Importance of Blue economy:

• India has coastline of nearly 7,500 kilometres.

• There are nearly 199 ports, including 12 major ones handling approximately 1,400 million tonnes of cargo each year.

• India has an exclusive economic zone of over 2 million sq.km, with resources such as crude oil and natural gas.

• Indian coastal economy sustains over 40 lakh fisherfolk and coastal communities.

• Blue economy gives impetus to the UN SDG -14 (Life Below Water).

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Mains Paper 3: Economy

Prelims level: Blue economy policy

Mains level: Importance of Blue economy

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