Jan 2020

EVENT
Littoral Delivers yet
Another Successful Event:
Littoral Cruise India 2019
The blue economy is the, sustainable use of ocean
resources for economic growth, improved livelihoods,
and jobs while preserving the health of ocean ecosystem.
It is a Concept which encourages better management
of our ocean and blue resources. Blue economy
also includes benefits , such as carbon storage, coastal
protection, cultural values and biodiversity.
The concept of Blue Economy covers, Port development,
Port based Industrial Development, City development,
Cluster development, Fisheries, Education
and Research, Shipping, Oil and Gas Extraction, Aquaculture,
Coastal Development, Tourism, Marine bio
tech, Renewable energy, waste disposal, environment
protection and maritime security, Ship building , Ship
breaking and Ship repairing.
Raja Vaiz
Managing Director at Littoral Communications
Blue Economy plays a major role in economic development
of a country. When we discuss the development
of blue Economy , it becomes very relevant in the Indian
Context. Prime Minister set a vision of achieving $ 5
trillion GDP within a short period of time. Blue Economy
can contribute to $ 1 trillion of GDP . We can have
Blue Economy Vision of $ 1 tillion. Lot of initiatives are
being taken to develop the blue Economy . The focus
is on using the water resources for Transportation, Port
Based Economy Development, Port based industrial
development. The initiatives like Sagar Mala is part of
the overall development of blue Economy.
The logistics cost in India is more than 14% of the
GDP and it is one of the highest in the world. The government
has set an objective to bring this down to less
January 2020 | Littoral Wind | 30