Union Ministry of Earth Sciences has asked for suggestions on the Draft Blue Economy Policy for the country. The stakeholders such as Non-Governmental Organisation, industry, academia and citizens have been asked to submit their inputs and ideas by 27th February 2021.

Points To Note

  • The Draft was created by the GoI outlining the vision and strategy that can be adopted to utilize the oceanic resources that are available with the country.
  • IT was drafted with the aim of enhancing the contribution of the blue economy to India’s GDP.
  • The Draft policy also seeks to improve the lives of coastal communities and preserve the marine biodiversity.
  • The Draft policy will also maintain the national security of the marine areas and resources.
  • The draft blue economy document has recognised the 7 thematic areas such as:
    1. The National accounting framework of the blue economy and ocean governance;
    2. The Coastal marine spatial planning and tourism;
    3. The Marine fisheries, fish processing, and Aquaculture
    4. The Manufacturing, services, trade, technology, and skill development;
    5. The Logistics, infrastructure and shipping
    6. The Coastal & deep-sea mining and
    7. Offshore energy & security, strategic dimensions and international engagements.
  • Thus, India’s blue economy is a subset of national economy that caters to the entire ocean resources system.
  • The Draft also caters to the human-made economic infrastructure in marine, maritime, and onshore coastal zones in India’s jurisdiction.
  • The Draft is also linked with the production of goods and services which is ultimately linked with the economic growth, environmental sustainability, and national security.
  • It also suggests to offer the Blue Economy related educational programs comprising of various technical and managerial skills in universities and technical institutes along the coastal states of India.

What is the Blue Economy?

The concept of the blue economy aspires to promote the economic growth and social inclusion. Blue economy is also involved in the preservation or improvement of livelihoods. It also seeks to ensure the environmental sustainability in the oceans and coastal areas. It comprises of the sectors for which the returns are linked to living renewable resources in the oceans like fisheries. It also comprises the sectors whose return comes from non-living & non-renewable resources including the seabed mining, dredging and offshore oil & gas extractions.

Draft Blue Economy Policy 2021 Draft Blue Economy Policy 2021