New Delhi: The Union Cabinet in a meeting chaired by Prime Minister Narendra Modi today approved the protocol for cooperation between India and Seychelles in "blue economy" signed in August this year.
An official release said the Cabinet gave its ex-post facto approval to the protocol, laying down modalities of cooperation in ocean studies, scientific exploration and exploitation of sea-based resources for sustainable development and economic purposes, signed during the visit of Seychelles' President James Alix Michel on August 26.
"Cooperation with Seychelles in blue economy would provide new data on ocean-based resources and also provide for sharing of expertise and technology developed by Indian scientists and research institutes," the release said.
Officials said blue economy conceptualises oceans as "development spaces" where spatial planning integrates conservation, sustainable use, oil and mineral wealth extraction, bio-prospecting, sustainable energy production and marine transport.
An official release said the Cabinet gave its ex-post facto approval to the protocol, laying down modalities of cooperation in ocean studies, scientific exploration and exploitation of sea-based resources for sustainable development and economic purposes, signed during the visit of Seychelles' President James Alix Michel on August 26.
"Cooperation with Seychelles in blue economy would provide new data on ocean-based resources and also provide for sharing of expertise and technology developed by Indian scientists and research institutes," the release said.
Officials said blue economy conceptualises oceans as "development spaces" where spatial planning integrates conservation, sustainable use, oil and mineral wealth extraction, bio-prospecting, sustainable energy production and marine transport.
Advertisement
COMMENTS
Advertisement
At 100 Million, PM Modi Is Most-Followed World Leader On X Today "Web Of Lies": M Kharge Counters PM's '8 Crore Jobs In 4 Years' Remark PM Modi Launches, Lays Foundation Stone Of Projects Worth Rs 29,400 Crore In Mumbai World's Largest Isolated Tribe Makes Rare Appearance In New Footage Puja Khedkar's Mother Was Hiding In Lodge As "Indubai" Using Fake ID At Least 2 Passengers Die As Chandigarh-Dibrugarh Express Derails In UP Infosys Posts 7% Increase In Q1 Net Profit At Rs 6,386 Crore Watch: Rescue Teams Crawl Through Derailed Coaches Looking For Survivors Delhi Court Refers BRS leader K Kavitha To AIIMS For Medical Check-Up Track Latest News Live on NDTV.com and get news updates from India and around the world.