FICCI sets up special task force for blue economy.

The Federation of Indian Chambers of Commerce and Industry (FICCI) has signed a Memorandum of Understanding (MoU) with Pacific Islands Development Forum (PIDF), a representative and participatory platform with a mission to enable Green–Blue Pacific economies through inclusive strategies, multi-stakeholder governance, and genuine partnerships.

The MoU aims to strengthen India’s economic and strategic engagement with the Pacific Islands countries and promote trade and investment relations, exchange of information, cooperate in identifying and discussing areas with export/import potential amongst many others.

It has also created a Special Task Force on Blue Economy to explore India’s business engagement with ocean neighbours.

The Task Force has had several stakeholder consultations throughout India especially coastal areas to understand the economic potential of Blue Economy, said FICCI.

The findings of the Task Force encapsulated in a recently released study titled “Blue Economy-Vision 2025 – Harnessing Business Potential for India Inc and International Partners” has been shared with the Indian Ocean Rim Region during the Ministerial Conference on Blue Economy held in Jakarta earlier this month (May 2017).

The potential for economic ties with Forum for India Pacific Islands Co-operation (FIPIC) were explored at the “India-Pacific Islands Sustainable Development Conference” held in Suva, Fiji, on 25-26 May, 2017.

The conference is being held under the framework of the Forum for India Pacific Islands Co-operation (FIPIC). fii-news.com