Today, the Ministry of Earth Sciences (MoES) convened a collaborative workshop in New Delhi to discuss the current status of the Blue Economy Pathways study report. The workshop saw the participation of experts from the World Bank, as well as representatives from various line Ministries including the Ministry of Statistics and Programme Implementation, Ministry of Environment, Forest & Climate Change, Ministry of Fisheries, Animal Husbandry and Dairying, Niti Aayog, Ministry of Port Shipping and Waterways, Ministry of Tourism, and various state and national R&D organizations. Discussions during the workshop centered on the collaborative efforts of each line Ministry in contributing to the preparation of the report.

MoES has partnered with the World Bank to conduct a comprehensive technical study and compile a significant report titled ‘India’s Blue Economy: Pathways for resource-efficient, inclusive, and resilient growth in India’. The report aims to explore global best practices in Blue Economy implementation, develop an ocean accounting framework, strengthen institutions, and propose innovative finance mechanisms to facilitate the implementation of the Blue Economy Policy framework.

Today, the Blue Economy emerges as a key driver of economic growth and societal well-being, provided its strategy prioritizes sustainability and socio-economic welfare. Its objective is to enhance the livelihoods of coastal communities, preserve marine ecosystems, and ensure the security of marine areas. The Blue Economy is anticipated to foster a comprehensive ecosystem of advanced scientific and technological research within India, encompassing strategic, scientific, political, environmental, and economic dimensions in a unified approach.

India boasts a distinctive maritime position, with a coastline stretching 7,517 km and an Exclusive Economic Zone (EEZ) spanning over two million square km, abundant in both living and non-living resources. The coastal economy supports over 4 million fisherfolk and other coastal communities. Given these extensive maritime interests, the Blue Economy in India holds a critical relationship with the nation’s economic growth. Its objectives include the sustainable and efficient utilization of ocean resources, enhancing ocean-related capabilities and skills to stimulate employment and gross value addition, all while ensuring environmental sustainability in alignment with UN Sustainable Development Goals (SDGs).

As India endeavors to ascend as a high-growth economy while concurrently shaping the geo-strategic landscape in its immediate and extended vicinity, its maritime role assumes paramount importance. The full potential of marine resources, both living and non-living, remains largely untapped. Realizing this potential requires not only robust maritime power but also a thriving maritime economy supported by ports, coastal infrastructure, shipping, fishing, seaborne trade, offshore energy assets, tourism, undersea pipelines, communication cables, renewable energy, and seabed resources.

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