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Economy
Pradeep Kumar

13/07/21 10:00 AM IST

100 Billion “Blue Economy”

In news

India Aims to Target over 100 Billion “Blue Economy” Through Deep Ocean Mission and Ocean Resources.

Details
  • This could be a new avenue to supplement the country’s economy to the tune of an estimated Rs. 110 billion.
  • “Deep Ocean Mission'' planned by the Ministry of Earth Sciences will be carried out in collaboration with Indian Space Research Organisation(ISRO) and it will be a major step in the direction of integrating and bringing together the efforts of the different streams of science operating under different Ministries in the government.
  • The Ministry carries out its research & development and operational activities under five major umbrella schemes.
Benefits
  • It will also have far-reaching benefits for the common man.
  • For example, it could help in providing clean drinking water and explore the avenues of desalination of water as well as extracting minerals from the ocean belt.
Source: PIB

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