Tuesday, June 24, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Economy

India needs stable and secure environment for Blue Economy

Fiinews by Fiinews
April 26, 2021
in Economy, Manufacturing
Reading Time: 3 mins read
A A
0
Cochin Shipyard
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

39 ships under construction at Indian shipyards

India needs to create a stable and secure environment to sustain and growth its Blue Economy for the greater good of national, regional and global interests, Admiral G Ashok Kumar, Vice Chief of the Naval Staff, Indian Navy, has stressed.

Addressing the valedictory session ‘Securing the Blue Economy’, organized by FICCI, Adm Kumar said, “A Blue Economy needs a stable and secure environment to sustain and grow.”

“This is enabled through an effective maritime security. With growing maritime interests, growth of our Navy is inevitable. The blue economy and maritime security are deeply intertwined and mutually dependent on each other. We will be successful in moving ahead in a cohesive and a coordinated manner with a clear-eyed focus on the greater good at the national regional and global level,” he told the symposium’s valedictory session on 23 Apr 2021.

Speaking on the IN’s capability building efforts, Vice Chief of Naval Staff said that they have been a major contributor towards growth of the shipbuilding industry in the country. “Right from inception, the Indian Navy has been deeply committed towards building its platform indigenously.

As on date, 39 of the 41 ships under construction are in Indian shipyards. The plough back effect towards the economy, skilling of our population in the field of ship construction, creation of jobs for axillary industries are all bound to be of positive support to the broader Blue Economic initiatives of the nation,” he said.

Adm R K Dhowan, (Retd), Founder and Chairperson, SAMDeS Former CNS, Indian Navy & Chairman, National Maritime Foundation, pointed out that India is essentially a maritime nation with vast maritime interests.

“These maritime interests are enablers of our Blue Economy and have a vital relationship with nation’s economic growth. In the past few years, there have been a series of initiatives for the sustainable development in the maritime domain, including the quest to harness the Blue Economy,” he said.

Adm Dhowan further added, “There is a need to chart out a Blue Economy action plan at the national level for the sustainable development for our maritime interests.

“We need to adopt a more integrated approach in the maritime sector and, therefore, we need to have an apex level organisation to coordinate the planning processes of the various agencies and departments that operate in the maritime domain.

“We need to incorporate marine spatial planning so that we can optimally map our coastal areas, carry out development of our ports and harbours in a systematic manner,” he added.

There is an enthusiasm about the growth of the Blue Economy, especially in the context of the nation, added S P Shukla, Chairman, FICCI Defence and Aerospace Committee, President (Def, Aero, Agri and Steel), Member of the Group, Executive Board, Mahindra Group.

“Our thrust area is for a policy to enhance the contribution of the Blue Economy to India’s GDP; improve lives of coastal communities; preserve marine biodiversity and maintain the national security of our maritime zones.

“The government, multiple ministries, the Indian Navy, the Indian Coast Guard, and the Indian industry will need to come together for India to emerge as a leading blue economy of the world,” he stressed.

FICCI has pioneered outreach and policy response towards the Blue Economy. “FICCI, with its task force on Blue Economy, will continue to strive towards reaching to the potential of this sector,” assured Dilip Chenoy, Secretary General, FICCI. #economy #manufacturing #security #investment /fiinews.com

Tags: FICCIThe Indian Navy
ShareTweetShare

Related Posts

Siemens
Manufacturing

Manufacturing: Dahod factory bid clarified

by Fiinews
June 23, 2025
0
11

Siemens-Alstom capable of manufacturing 9,000 HP Locomotive Both Siemens and Alstom are capable to manufacture 9,000 Horse Power Locomotive, the...

PIB
Manufacturing

Manufacturing: Minister reviews Salem Steel

by Fiinews
June 22, 2025
0
13

Mill’s technological sophistication is commendable, says Kumaraswamy Minister for Steel and Heavy Industries H.D. Kumaraswamy says steel is not just...

Make In India - Defence

Manufacturing: DAP review initiated, says Ministry

June 21, 2025
12
Grainspan

Manufacturing: Grainspan supplies ethanol to OMCs

June 16, 2025
14
Garuda Aerospace

Manufacturing: Agri-Drone Facility inaugurated

June 15, 2025
16
Clearsynth

Manufacturing: TDB supports Clearsynth project

June 14, 2025
16
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: Vedanta 2.0 has crucial role in economy
  • Market: IFF’s Hyderabad centre for 600 employees
  • Invest: Manufacturers urged to embrace technology
  • Tech: Enterprises shifting to AI-automation
  • Tender: SECI calls for Green Ammonia bids

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.