Presentation On

“Blue Economy of Bangladesh”

Course: BUS251 Presented By
Section: 09
 Quazi Kabery Hassan

Presented To
 Farzana Firoz Monika
 Tamanna Rashid
Mr. Mahmood Hasan (MOH)
 Anika Haque
Department of Management
 Nurun Nessa Nuri
GROUP MEMBERS
 Introduction of blue economy
• Bangladesh is one of the most southeast countries invest with enormous potentials
• Human resource is the key of this vast populated country and it helps to run the economy
as well
• In line with the human resources the geographical location has also placed the land with
many other resources
• The greatest natural resources of Bangladesh are 36,000 sq. kilometers of costal area and
118, 813 sq. kilometers of marine boundary
• We knows of economic opportunities have been open for Bangladesh by international
maritime court violet on the delimitation of its maritime boundaries
 The Concept of Blue Economy

What is Blue Economy ?

 Blue economy primarily comes from the blue oceans that the economic activities those are directly or
indirectly using the imports of the oceans, coastal areas, seas, or the resources of the sea that can
compass the activities, explorations, the services, goods and everything. . That means anything or
anybody using this oceans resources as an import for the economic activities of the country that would
be called a blue economy.
 Components of Blue Economy
The components of blue economy include different ocean related industries, economic activities as
well as measures to protect the marine life and environment. Bangladesh is also paying attention in
advancing its blue economy and looking forward to embark this new frontier to utilize its vast sea
region
 Blue Economy of Bangladesh

 In line with the land development the maritime development or blue economy may open a
new era of development for us.
 After analyzing the developments trends of other countries, it is found that the economy of a
land is more effective who has used its maritime resources.
 Foundation of a sustainable economy legitimate on the blue economy in associations with
other economic activities.
 Maritime resources are important for poverty elimination, achieving food security, balancing
environment, battling negative impacts of climatic change and economic activities.
 It requires a perfect planning and skill hands and the entrepreneurs, academic discipline or
more specialist should also come forward.
 Building The man power which is required to gather the marine resources is probably the
largest responsibilities for us.
 Blue Economy of Bangladesh
• Harvesting living resources: as already noted, the activities of the blue
economy include harvesting of living resources such as sea food and marine biotechnology. Fisheries is one
of Bangladesh's main sources of income.
• Extraction of non-living resources: seabed mining and resource acquisition are of great economic interest.
In terms of sand and gravel, the coastal belt from patenga to teknaf has been explored with the discovery of
17 deposits of potentially valuable minerals.
• Other economic activities: In the shipbuilding industry, bangladesh's record is quite impressive. At present,
it is capable of fulfilling 100% of its inland water ships. However, bangladesh contributes less than 0.01
percent in the global industry.
• Protection of sea: Sea protection of the environment is a crucial part of the concept of the blue economy.
There is a vibrant and diverse fauna and flora in the bay of bengal. It is important to have a good marine
waste management system in order to protect the health of the sea
Salient Features of Blue Economy in
Bangladesh
• The government are trying to establish a deep sea port
• Recently Bangladesh Government has established a marine authority named
“National Maritime Research”
• Govt. Established A university for the purpose of further research work “BSRM
Maritime University”
• Govt. has own the maritime boundary from India and Mayanmar.
• Unitary System of Government
• Unicameral Legislature.
 The blue economy - opportunities
Shipping and port facilities
Fisheries
Aquaculture
 Tourism
 The most important industry

 Supports more than 6.5 million job & anticipated globall

rates are more than 3.5%.

 It will be adding value to the segmentation of ocean economy

at 26% rate by 2030.

 Travellers loves view of natural beauty.

 Words like pristine, remote and unspoiled are assigned to

amenities like beaches, coral reefs and panoramic seascapes.
 ENERG
 Rapid growth is happening.
Y

 Aquaculture is moving forward to take advantage of vast scale of ocean.

 Marine energy resources are abundant, geologically diverse, energy

dense,predictable and complementary to other energy.
The final report investigates eight markets
They are :
 ocean observation.
 Underwater vehicle charging
 Marine Aquaculture
 Marine Algae
 Seawater mining
 Coastal resiliency and disaster recovery
 Isolated communities
WPTO investigation on the
opportunities for Marine Energy
1.Power at sea
2.Resilient coastal communities
Biotechnology
 Theoceans’ remarkable biological diversity is an important source of novel
genes and natural products for use in medicine,food, materials and energy.

 Novel
genes and biological compounds can prompt business advancement of
pharmaceutical, compounds,makeup and different items.

 By2010 more than 5000 genes have been patentted which were originated
from marine life forms.
Importance of Blue economy for
Bangladesh
 The Blue Economy approach stressed that Blue Economy ideas, principles, norms
contribute significantly to poverty eradication, contributing to food and nutrition
security, climate change mitigation and adaptation, and generating sustainable and
inclusive livelihoods.
Maritime trade and shipping
 International shipping contributes to the three pillars of sustainable development
by promoting global trade, creating wealth and prosperity among nations and
peoples, creating a wide range of jobs on board ships and on the shore, with direct
and indirect benefits for other people's livelihood.
 . This is the most environmentally sound and energy-efficient means of moving
huge amounts of freight and people relative to other modes of transport.
 The International Maritime Organization (IMO), which has ratified 52 agreements
governing the development and service of vessels, provides the international
regulatory framework.
 The most critical of them – about health at sea and environmental protection –
today applies to 99 percent of the world's merchant fleet.
Maritime trade and shipping

 Coastal shipping / Feeder service

 Sea ports
 Passenger ferry service
 Inland waterway transport
 Shipbuilding
 Ship recycling industries
 Food and live hood
 Fishery- Fish still provides our people with the much-needed protein needs. Approximately 70,000
mechanized and non-mechanized wooden vessels and approximately 250 large steel body trawlers are
engaged in coastal waters fishing up to 60 km (within 40 m depth) from our coastline with very little ability
to catch pelagic shoals closer to the surface. Salt and dry a considerable quantity of fish, mainly for human
consumption.
 Marine aquatic products- Marine aquatic products consist of marine aquatic organism farming, primarily
for human consumption and all related primary processing activities. While aquatic plant and algae
cultivation is still to be developed, aquatic animal farming, consisting of three major sub-sectors, could be
considered for cultivation: marine shellfish (e.g., oysters and moulds), marine finfish farming, and
freshwater finfish farming (trout, carp, eel, etc.). Many people living in developing countries ' rural areas
rely for their food and livelihood on aquatic resources.
 Marine Biotechnology- It's about unraveling a specific earth compartment's biodiversity potential for the
benefit of the rest of the economy. Much of the underwater world's unexplored and understood nature
means that the capacity of marine organisms other than fish and shellfish to provide inputs to the blue
economy is only beginning to be appreciated, partly through new gene sequencing technologies for living
organisms.
 Energy
 Oil and gas- The upstream value chain of offshore oil and gas consists of exploration (including drilling rigs and
research & specialist support ships), field development (platform building), manufacturing and extraction. Downstream
activities are consumer market processing and distribution.
 Sea salt production- Sea salt has historically been manufactured along Bangladesh's Cox's Bazar coast for
generations. The salt farmers can get about 20 tons / ha of production in a longer dry season. The annual salt
production in Bangladesh's Cox's coastal Bazar segment is 22MT, where Thailand's Samut Sakhon produces 43MT.
 Ocean renewable energy- For regions with appropriate coastal characteristics, marine-based renewable energy such as
wind, wave and tidal range and currents offers significant potential to contribute to low carbon energy supplies.
 Blue energy (osmosis) and biomass- The gradient of salinity between salt and fresh water is dependent on osmotic
capacity. Loads of nutrients from continents to oceans and the coastal zone have risen nearly threefold from pre-
industrial levels, mainly from agricultural run-off and poorly rendered untreated wastewater.
 Aggregates mining (sand, gravel, etc.)- The color of beach material commonly referred to as sand varies from dark-
brown, gray, black, light brown, golden to silver white. In the coastal region, several investigations were carried out to
find heavy materials in Bangladesh's sandy beaches.
 Marine genetic resource- In the domestic biotechnology sector, properly managed marine genetic assets could be
turned into employment, medicine, and production. The deep-sea world is one of the planet's least understood areas,
and we still have a very rudimentary understanding of the ecosystem services which sustain such ecosystems, and we
can begin work to concretize the marine-use technology.
 Tourism
Coastal tourism- Overall, coastal tourism is the largest market segment, accounting for 5% of the world's
GDP and contributing to 6-7% of total employment. It is one of the top five export earners in 150 countries
and the first in 60. For half of the Least Developed Countries (LDCs), it is the primary source of foreign
exchange. Coastal tourism includes (a) leisure and tourism on the beach, (b) near-sea tourism, and (c) nautical
boating, including yachting and marinas. Sustainable tourism will create new jobs and poverty reduction.
Recreational water sports, yachting and marinas- Introducing various water sports for
recreational activities, building and servicing maritime pleasure boats and supporting infrastructure like
marina ports may boost coastal tourism growth.
Cruise tourism- Tourism based on people traveling between the coastal islands and tourist areas by small-
size cruise ship. Much of this growth depends on the ability of the sector to develop sustainable business
models, invest in port infrastructure and tackle a range of security concerns. The aging population and a
greater proportion of educated citizens would result in increased demand for' customized experience'.
Coastal protection:
 Coastal protectionist different from other sectors as it is not an economic function in
itself, but rather a condition sine qua non for the use of coastal areas and for allowing
other functions to flourish. Because of its specific nature coastal protection has been
defined as a separate maritime function.

 Important external drivers affecting the performance of this subsector are: global
warming, events of erosion and/or flooding, high value economic activities in coastal
regions, economical performance. Urbanization, population and economic activities
concentrated in deltas and coastal regions, continues.

 The longer term development will be a function from three main drivers of change:
 1) sea level rise and related climate change conditions
 2) demographic trends and
 3 ) economy.
Artificial islands-
 To reduce the demographic pressure on land, Bangladesh
should adopt appropriate strategy to construct new
artificial islands in our Territorial sea and EEZ allowed by
the UNCLOS 1982. Sustainability of existing 75 marine
islands or newly built islands must be ensured through
planting salt tolerant/mangrove plants.
 Development of agriculture on saline soils through
improving existing crops must be adopted. Desalination of
sea water for fresh water usage for agriculture, irrigation,
commercial use for habitant and animals of
marine/offshore islands could be considered.
Greening coastal belt/delta planning-
 This will help reduce wind pressure of cyclones and also solidification of new
lands. Mangrove in the Sunderbans comprising of 577,040 hectares provide
livelihood to about 7.5 million people, timber, wood, boat building materials, rafts
and garan for tanning nets, honey, wax etc including acting as spawning/breeding
ground for many species.
 Mangrove afforestation in newly accreted intertidal areas has been going on for
decades now. Bangladesh is already working for delta planning and in the long
run it will help sustain agriculture, river course and intrusion saline waters etc.
Human resource, maritime surveillance and spatial planning
 Human resource-Well-trained, skilled and educated human resources are the
driving force of the development of an economy, who can participate in the
globalization of business and the accompanying technological revolution.
 Maritime surveillance - aims to improve the situational awareness of all
activities at sea impacting on maritime safety and security, the marine
environment, fisheries control, trade and economic interests as well as general law
enforcement and defence.
 Maritime spatial planning (MSP) - is a mechanism for the integrated
management of maritime areas in which a central vision for the future of the area,
in conjunction with knowledge of activity interactions and impacts, guides the
location, timing, intensity and future development of all activities in the maritime
space
 In conclusion it can be said that the future development potential of
a Blue economy strategy for Bangladesh strongly depends on the
ability of the economic actors to find a business model which fits the
developmental stage and the national and global developments.