The government is going to conduct a major oceanic survey in the country's territorial waters, including parts of the Bay of Bengal, Gulf of Cambay and Andaman Sea, to look for prospects of under-sea mineral resources and natural gas.
The Ministry of Earth Sciences is taking up this initiative along with the Geological Survey of India and the Goa-based National Antarctic and Ocean Research Centre.
"The survey will study 90,000 square kilometres of sea floor till 2014," Ministry of Earth Sciences Secretary Shailesh Nayak said.
The survey would cover the Bay of Bengal, Andaman Sea and Gulf Of Cambay.
Nayak said the main purpose of the survey would be to assess the hydrocarbon and geochemical resources in the country's territorial waters.
Public sector energy giant ONGC's help would also be taken for the project.
Nayak said that a part of the survey, in 2013-14, the government plans to study the tectonic structure in the floor of the Bay of Bengal, besides also looking at magnetic currents and the presence of phosphatic elements.
He said the state governments of Tamil Nadu, Kerala, Gujarat and Andhra Pradesh had shown interest in being a part of the project.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
