Mumbai January 22 (SocialNews.xyz) Maritime industry experts are seeing the enormous extent of India emerging as a blue economy. This is emerging as a blue economy as the country holds an important position in the global maritime industry, with 12 major ports and 7,517 kilometers of coastlines with around 200 non-existent ones. – A port that processes approximately 1550 million tons of cargo per year. In addition, the country has 2 million square kilometres of rich and diverse resources in its exclusive economic zone.
“95% of India’s trade is due to volume and 68% by value travels through coastal routes, which emphasize the scope of the coastal economy,” he said at his address at Asocham’s meeting. Director Panduran Rautz said. Accelerate the blue economy’s wave towards Viksit Bharat.
Highlighting the various initiatives aimed at strengthening the country’s blue economy, Raut said: “The Maritime Amritkal Vision 2046, released in 2023, is intended to increase port modernization, strengthen port transport infrastructure and harvest maritime energy. Under the Sagar Mala programme, approximately along Indian coasts 81 projects are being implemented with an investment of Rs. 11,752 crores.
Approximately 21,000 young people have already been trained under the coastal development programme, with 37 fishing port projects being developed at Rs expenditure. 6,540 crores. Expenditures of Rs under the National Coastal Mission. He said 240 crores have been allocated for the development of marine litter management practices.
“The Ministry of Ports, Transport and Waterways has formed 22 Viksit Bharat Sankalp (Vibhas) cells and Neel Arth Vision implementation cells (NAVICs) to achieve the various visions envisaged in Maritime India Vision 2030 and Maritime Amritsar Vision 2047. I added “I’ve done it.”
Speaking to the meeting, Le Quang Bien, Consulate General of Vietnam in Mumbai, said: The Indo-Pacific region plays an important strategic role in the global economy and is an important route connecting many key markets around the world. Vietnam is strategically located in regions with many of the fastest growing economies in the world today, including India, Japan, Korea, and ASEAN.
Vietnam and India are great opportunities for bilateral cooperation in the field of technology transfer and human resources training to improve and apply each other’s capabilities in the research and application of advanced technologies in exploiting the sustainability of marine resources He said it is sexual.
He added that strengthening maritime cooperation, including the blue economy between our two countries, will not only bring economic benefits, but will contribute to the stability, development, peace and security of the region.
Regarding the importance of India with its vast coastline and its benefits, Shantanu Badkankar, chairman of the Maharashtra Development Council (MSDC), said, “Australia is densely packed on the east coast. There is little to be in the center.” . It’s developing in the coastline as well… The ocean is important, and there are huge coastlines and huge exclusive economic zones that need to be developed to make India a 10 trillion dollar economy.”
Anita Sharma of New India Assurance said in a panel discussion on new insurance products, “With great efforts from the government of CIBA and the Ministry of Fisheries of India, we have new products that have been revised and improved after maintenance. The Government of India gave us I have all the suggestions in mind.
Source: IANS
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