INDIA’S BLUE ECONOMY POLICY
BONDS TO FINANCE THE SUSTAINABLE BLUE ECONOMY
KEY RESOURCES AND ASSETS REQUIRED IN SECTOR
To support the growth of the Blue Economy sector in Tamil Nadu, several key resources and assets are required. They include
- Skilled Manpower: Marine biologists, oceanographers and environmental scientists for research and conservation efforts. Fishermen and aquaculture workers for sustainable fisheries and aquaculture practices. Shipbuilders, engineers and sailors for maritime transport and logistics. Tourism professionals for coastal tourism development.
- Materials: Fishing gear and equipment; aquaculture infrastructure such as ponds, cages and hatcheries; maintenance materials for ships and boats and construction materials for coastal infrastructure development.
- Capital: Investment in research and development for innovative ocean technologies and sustainable practices. Financing for the expansion of existing businesses and the establishment of new ones. Access to grants, subsidies and incentives for Blue Economy projects. Infrastructure development funding for ports, harbours and coastal tourism facilities.
- Infrastructure: Coastal infrastructure like jetties, fish landing centres and cold storage facilities for fisheries. Research and development centres, marine laboratories and aquaculture facilities. Tourism infrastructure, including resorts, hotels and recreational facilities.
- Technology and Innovation: Access to advanced technologies for sustainable fishing practices, including GPS, fish finders and vessel monitoring systems. Research and development centres for ocean-related innovation. Renewable energy infrastructure like offshore wind farms and wave energy converters.
- Market Access: Promotion of local seafood brands and products to boost exports. Access to domestic and international markets for fish and seafood products. Marketing and distribution networks for Blue Economy products.
- Education and Training: Programmes for fishermen and aquaculture workers on sustainable practices. Educational institutions offering courses related to marine and coastal studies. Workforce development programmes to create a skilled Blue Economy workforce.
- Environmental Conservation: Efforts for the conservation and protection of critical marine ecosystems, such as coral reefs and mangroves. Pollution control measures to maintain water quality and safeguard marine life. Sustainable fisheries management practices to prevent overfishing. Collaboration with neighbouring countries and international organisations for joint research, conservation efforts and disaster management in the Indian Ocean region.
World Ocean Initiative Newsletter:
Produced by The Economist Group, this newsletter covers a wide range of topics related to the Blue Economy, including sustainable fishing, marine technology and ocean governance. It provides in-depth analysis and reports on key ocean-related issues.
UN Decade of Ocean Science for Sustainable Development Publications
Ocean Decade focuses on updates and initiatives related to the United Nations Decade of Ocean Science for Sustainable Development (2021-2030). It highlights scientific research, events and efforts to address ocean challenges.
Blue Economy CRC Newsletter
The Blue Economy Cooperative Research Centre (CRC) is an Australian organisation focused on research and innovation for sustainable marine industries. The newsletter provides updates on research projects, events and industry developments.
Marine Technology News
This publication focuses on technological advancements in the maritime and marine industries. It covers topics like underwater robotics, autonomous vessels and ocean exploration tools.
The Maritime Executive
While not exclusively focused on the Blue Economy, this publication provides insights into the maritime and shipping industries, which are integral components of the sector.
Ocean Wise Conservation Association Blog
Ocean Wise is a Canadian non-profit organisation dedicated to marine conservation. Their blog covers a wide range of topics related to the Blue Economy, including sustainable seafood, ocean conservation and marine education.
International Ocean Governance Forum Newsletter
This forum focuses on discussions and knowledge-sharing related to international ocean governance, policy and law. It provides updates on events, publications and initiatives in this field.
MarineBio Conservation Society
MarineBio offers a wealth of knowledge resources, including articles, educational materials and conservation resources, related to marine life and ecosystems.
Indian Ocean Rim Association (IORA)
IORA is an inter-governmental organisation that promotes regional cooperation in the Indian Ocean region. The newsletter provides information on Blue Economy initiatives and collaborations among member countries.
Insider’s Blue Economy page has a mix of cutting edge business and technology happenings, entrepreneurial initiatives, creative exchanges, lifestyle concepts and leadership insights.
Some of the top Tamil Nadu-based Blue Economy Startups:
- Aqua Connect (Aquaculture)
- Vikra Ocean Tech (Aqua Monitoring Robots)
- Xera Robotics (Ocean Monitoring)
- Lemurian Ventures Private Limited.
- Planys Technologies Pvt. Ltd (Underwater Visual Inspection Services)
- National Institute of Ocean Technology, Chennai
- ICAR – Central Institute of Brackishwater Aquaculture, Chennai
- Central Marine Fisheries Research Institute, Thoothukudi.
- Bay of Bengal Programme – an InterGovernmental Organisation, Chennai
- National Centre for Sustainable Coastal Management, Chennai
- Centre for Ocean Research, Sathyabama Institute of Science and Technology, Chennai
- Indian Maritime University, Chennai
- AMET University, Chennai
- Faculty of Marine Sciences, Annamalai University, Chidambaram
- Department of Marine Science, Bharathidasan University, Tiruchi.
- Centre for Marine Science and Technology (CMST), Rajakkamangalam, Kanniyakumari.
- Sathyabama TBI, Chennai (Startup Incubator)
- Rajiv Gandhi Centre for Aquaculture, Sirkali (Seabass & Mudcrab Hatchery)
- Aquatic Rainbow Technology Park, Chennai (SPV)
- Aquatic Rainbow Mall, TNJFU Chennai (SPV)
- DCeSA Campus, Thanjavur – (Sales Point)
- Thanjavur Centre (Sales Point)
- FCRI, Ponneri (Sales Point)
- FCRI, Thoothudi (Sales Point)
- Cofe, Nagapattinam (Sales Point)
- Muttukadu Experimental Station of ICAR-CIBA (Hatchery Facility)
- State Referral Lab for Aquatic Animal Health, Madhavaram
- TNJFU Referral Lab for Aquatic Animal Health, Thoothukudi
- TNJFU Referral Lab for Feed Quality Testing
- TNJFU Referral Lab for Fish Quality Monitoring & Certification, Thoothukudi
- TNJFU Referral Lab for Aquatic Animal Health, Nagapattinam
- Aquaculture Quality Testing Lab, Ponneri
- Aquaculture Quality Testing Lab, Madhavaram
- Aquaculture Quality Testing Lab, OMR, Chennai
- Aquaculture Quality Testing Lab, Pulicat
- Aquaculture Quality Testing Lab, Thanjavur
- Aquaculture Quality Testing Lab, Nagapattinam
- Aquaculture Quality Testing Lab, Ganapathipuram
- Molecular PCR Lab, Thoothukudi
- Molecular PCR Lab, Ponneri
- Molecular PCR Lab, Madhavaram
- Molecular PCR Lab, Nagapattinam
- Mobile Aquaculture Quality Testing Lab, Ponneri
- Mobile Aquaculture Quality Testing Lab, Nagapattinam
- Mobile Aquaculture Quality Testing Lab, Madhavaram Milk Colony
- Fish Quality Monitoring & Certification Lab, Thoothukudi
- Fish Quality Monitoring & Certification Lab, Ponneri
- Advanced Research Farm Facility (ARFF), Madhavaram
- Brackishwater Research Farm Facility (BRFF), OMR
- Pulicat Field Research Facility (PRFF), Pulicat
- Mariculture Research Farm Facility(MRFF), Tharuvaikulam
- Fish Processing Incubation Facility (FPIF), Nagapatinam
- Shore Lab Field Research Facility (SRFF), Thoothukudi
- EDII Marine Products Incubation Forum Incubator, Thoothukudi