India said on Wednesday that the “blue economy” is the foundation of an alternative economic model for sustainable development and that this ocean should be the focus of the center.
In the keynote speech at the 2nd ASEAN-India Blue Economy Symposium, the Secretary of the Ministry of Foreign Affairs (Sreeti Saran) said: "The blue economy is certainly one of the most important and important areas of cooperation. By using marine resources Promoting economic and social development in a sustainable manner is imperative without destroying these limited natural resources.
She said that ASEAN and India have a wide range of cooperation in the blue economy and reiterated that the Indian government is committed to promoting the blue economy.
"Our Prime Minister Narendra Modi has spoken this many times at the national and international levels.
He observed: "For me, the blue chakras or the wheels of the Indian flag represent the potential of the blue revolution or the ocean economy. This is the importance of the ocean economy to us," she stressed.
Ms. Saran also said that the seabed currently accounts for the global supply of hydrocarbons from the Vietnamese Ministry of Foreign Affairs, the Research and Information System (RIS) of the developing countries, the senior officials of the ASA's ASEAN-India Center and the National Maritime Foundation of India. With 32% of the volume, the ocean has great potential to produce renewable energy.
“Emerging technologies are opening up new areas of marine resource development, including the exploitation of seabed mineral resources,” she said.
“The ocean is the key to the fate of a rapidly evolving global order. Covering 72% of the Earth's surface, which constitutes more than 95% of the biosphere, the ocean provides a large amount of food and livelihoods for the world's population. Part of the global trade in goods travels by sea, ocean and coast. The environment is also a big tourist attraction," she said.