• 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).
Mains Paper 3: Economy
Prelims level: Blue economy policy
Mains level: Importance of Blue economy