The idea of blue economy was first articulated by Gunter Pauli in 2010 and later discussed at the United Nations Conference on sustainable development, in 2012.

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Introduction

The idea of blue economy was first articulated by Gunter Pauli in 2010 and later discussed at the United Nations Conference on sustainable development, in 2012. Oceans cover 72 percent of the surface of our blue planet and provide a substantial portion of the global population with food and livelihood. Enhancing more than 80 percent of global trade, marine and coastal environments constitute a key resource for economic development. On the basis of the strategic location of India in the Indian Ocean region, India has emphasized on growing the Blue Economy in a sustainable, inclusive and people centred manner.

Blue economy for India means a vast ocean of economic opportunities playing an equally important role in generating and sustaining livelihoods. With an over 7,500-km-long coastline spread across nine coastal states, four union territories (UTs) - including two island UTs, 12 major, and 200 minor ports, India's blue economy supports 95% of the country's business through transportation and contributes an estimated 4% to its Gross Domestic Product (GDP). India is also the third largest fish producing and second largest aquaculture fish producing country in the world. Therefore, all the sectors across blue economy have the potential to engage a large workforce and have been doing so from the past many decades at least in sectors such as fishing, aquaculture, fish processing, marine tourism, shipping and port activities. Now, engagement in new sectors such as offshore wind, marine biology, biotechnology, and other activities like ship building and ship breaking is also rising extensively.

• Inland waterways Inland 

Waterways have been identified to play the central role in the maritime development of India. The National Waterways Act 2016 has declared 111 river stretches, creeks, estuaries in India as National Waterways. Central Government regulates these waterways for systematic and orderly development of shipping and navigation activities. There are a lot of waterways infrastructure projects that are being proposed and implemented, the most significant of them is Sagarmala which aims to promote port led direct and indirect development. 

Hypothesis

Hypothesis of the dissertation is that – the Inland Waterway development will bring a revolution in India.

 

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