DEFINITION
- Sustainable use of ocean resources for economic growth, improved livelihoods and jobs, and ocean ecosystem health — while preserving oceans for future generations.
- Concept of Blue Carbon: coastal ecosystems (mangroves, seagrasses) as carbon sinks — key climate mitigation tool.
India's Ocean Asset Base
Parameter
- Coastline :- 7,517 km.
- Exclusive Economic Zone (EEZ) 2.2 million km².
- Deep sea mining area (ISA allocated) 75,000 km² in Central Indian Ocean Basin
- Coastal states + UTs13 states + 4 UTsMaritime trade share. 95% of India's trade by volumeContribution to GDP 4% (fisheries + shipping + tourism).
Sectors of Blue Economy
- Fisheries & Aquaculture ·
- Shipping & Maritime Transport · Port-led Development ·
- Deep Sea Mining · Offshore Energy (OTEC, Wind) ·
- Marine Biotechnology ·
- Coastal Tourism · Desalination · Marine Spatial Planning ·
- Coastal Ecosystem Services (Blue Carbon)
Key Government Initiatives
1. Blue Economy Policy (Draft) — Ministry of Earth Sciences (MoES)
- Blue Economy identified as the 6th dimension of Vision for New India by 2030 .
2. Deep Ocean Mission (DOM)
- Lead agency: MoES
- Aims to explore deep-sea living and non-living resources to support the blue economy and for sustainable harnessing of ocean resources .
3. Samudrayaan Project (under DOM)
- Develops Matsya 6000 — India's first manned submersible; carries 3 persons to 6,000 m depth; operates for 12 hours (extendable to 96 hrs in emergency) .
- Developed by National Institute of Ocean Technology (NIOT), Chennai
4. Sagarmala Programme (2015)
- Port modernisation , connectivity , port-led industrialisation
- Average vessel turnaround time cut from 93 hours to 48 hours; coastal shipping nearly doubled to 165 million tonnes .
5. Blue Economy 2.0 (Interim Budget 2024)
- Focused on coastal restoration, adaptation, and sustainable aquaculture; aims to promote climate resilience and sustainable development in coastal areas .
6. PM Matsya Sampada Yojana (PMMSY)
- Largest ever scheme for fisheries sector (₹20,050 crore); under Aatmanirbhar Bharat package; promotes Blue Growth Initiative.
7. Blue Economy Cell
- Set up by MoES to coordinate research, policy formulation, and implementation of Blue Economy initiatives.
International Dimensions
- UNCLOS: Legal framework for EEZ, continental shelf, and deep sea mining rights.
- ISA (International Seabed Authority): India has been allocated a 75,000 km² site in the Central Indian Ocean Basin for the exploration of polymetallic nodules rich in manganese, nickel, cobalt, and copper.
- UN Ocean Decade (2021–2030): Decade of Ocean Science for Sustainable Development — India's DOM aligns with this.
- SAGAR Doctrine: PM Modi's vision — Security and Growth for All in the Region; Blue Economy central to India's Indian Ocean strategy.
- COP30 (Belém) launched the One Ocean Partnership committing to mobilise $20 billion by 2030, integrating oceans into mainstream climate finance.
Significance-
- Economic: Port trade (95% of India's trade by volume), fisheries (4 crore+ livelihoods), offshore energy, marine tourism.
- Strategic Minerals: Polymetallic nodules, hydrothermal sulphides, and cobalt-rich ferromanganese crusts at depths exceeding 5,000 m — reducing import dependence for battery and alloy production.
- Environmental: Blue carbon sinks (mangroves, seagrasses); coastal protection; biodiversity conservation.
- Energy: OTEC, offshore wind — contribute to renewable energy targets.
- Geostrategic: Maritime domain awareness; countering China's expanding maritime footprint in Indian Ocean.
Challenges
- IUU Fishing (Illegal, Unreported, Unregulated) — threatens marine biodiversity and fisher livelihoods.
- Climate change — ocean acidification, coral bleaching, rising sea levels.
- Regulatory gaps and jurisdictional overlaps across multiple ministries.
- Marine pollution — plastic waste, oil spills, industrial effluents.
- Lack of Marine Spatial Planning (MSP).
- High upfront cost of deep-sea technology development.