FICCI Unveils Study on Blue Economy at 2nd IORA Blue Economy Ministerial Conference in Jakarta

Great potential for Indian industry to develop Blue Economy linkages with IORA members, says FICCI study

FICCI unveils study on Blue Economy at 2nd IORA Blue Economy Ministerial Conference in Jakarta

Jakarta – Following Hon’ble PM Shri Narendra Modi’s policy initiative on Blue Economy (BE) in the form of ‘SAGAR’ – Security and Growth for All in the Region, FICCI presented its latest publication – “Blue Economy-Vision 2025” at the Second Indian Ocean Rim Association (IORA) Ministerial Conference on Blue Economy currently being held in Jakarta.

In its capacity as the Business Secretariat of the Indian Ocean Rim Association (IORA), FICCI has established a Task Force on Blue Economy for a detailed study to develop a business model on Blue Economy.

It is “a master document”, said Mr. Pankaj P. Patel, President of FICCI, “that synthesizes the knowledge and insights of academia and policy community with the perspective of Indian industry.”

Referring to the Study during his address at the Ministerial conference this morning, Shri M.J. Akbar, Minister of State for External Affairs, Government of India said, “We are happy that the Special Task Force on Blue Economy set up by our apex Chamber of Commerce and Industry, FICCI has submitted its report. This report is not just India-specific but significant for all Member States. The copies of the published report have been distributed and we look forward to a short presentation later this afternoon by Ambassador Rajiv Bhatia, who is the Chair of the Task Force.”

The study highlights the need for a balanced approach, combining imperatives for growth and sustainability. It stresses the value of Public-Private Partnership for generating additional investment and deploying technology for optimal development of Blue Economic opportunities for India Inc and its international partners.