Santosh Upadhyay

Shreshta Mehra
Saurabh Suman
Whoever Controls
this Ocean
Controls Asia and
is the key to
seven seas, The
fate of 21st
century would be
decided on its
waters.
 What is its
Significance?!
How is it related to us
and Indian economy?

What is the point of

this talk?
IT has the potential to solve our Issues of GDP, Unemployment and
Low human productivity up to a certain degree
80 percent of world oil 30 percent of World
trade

For India 95 percent of trade by volume!

Minerals
Minerals $340
$340 BB worth
worth
Worth
Worth of
of Oil
Oil
Trillions.
Trillions. resources.
resources

Lies on the interaction of Indian And Australian plate

20 percent Of
aquatic life but
only 9 % of
overall fish
capture.
Of Earth’s 36 Biodiversity hotspots nine(25%)
are on the margins of Indian Ocean

From Beautiful Beaches to Comfy Resorts This

Ocean has it All!

1500+ Potential Islands For Tourists To

Visit

Still Receives Meagre Share of Global

Tourism
A Better Strategic Presence In Indian Ocean
Can Bolster Economic Security

Inter-governmental panel Set up on 7thth March 1997

Aimed At strengthening Regional Cooperation And Trade

Currently Have 23 Member partners

 The Quality Of Ports In India typically lags behind those of OECD

Heavy Taxes on Imported Goods and Bizarre custom policies

Improving these things , India can become next manufacturing hub

2014 report indicated that massive amounts of minerals like Gold ,
Copper ,Zinc , Oil and Gas are lying on ocean Bed

India Imports 83 percent of Its Oil Requirements

An Investment on Extraction of resources can Return great profits for

Economy
In 1987, India received exclusive rights to
explore the Indian Ocean and has since
explored four million square miles

India has (as of August 2019) entered into 29 contracts

for exploration. Of them, 17 contracts are for exploration
for polymetallic nodules: 16 in the Clarion-Clipperton
Fracture Zone, and one (India) in the Central Indian
Ocean Basin
12% of the world fish genetic resources found in Indian waters.

Out of 20 000 documented fish species worldwide, 2546 finfish

species recorded in India.

Twenty-seven species are considered rare/endangered/ vulnerable.

Island ecosystems in India - two broad types: Coraline, as that of

Lakshadweep, and submerged mountain tops harbouring tropical
rainforests, as in A & N Islands
Time for Regional Integration To Flourish Tourism.

One such Example is Vanilla Islands Association.

Require Investment to Develop Accommodation , Cruise And

Connectivity Infrastructure.
The main positive economic impacts of sustainable (coastal)
tourism are:

Contribution to local economies

Employment generation

Foreign exchange earnings

Contribution to government revenues