"The exploration will actually begin after the Government of India signs a 15-year contract with the ISA within a year.
"We will be exploring hydrothermal activities and possible sulphide deposits, which have huge economic potential," National Centre for Antarctic and Ocean Research Director Dr S Rajan said today while addressing a plenary session at the ongoing World Ocean Science Congress (WOSC-2015).
The Congress is jointly organised by Swadeshi Science Movement of Vijnana Bharati here and the Kerala University of Fisheries and Ocean Studies.
The exploration is expected to lead to vast deposits of lead, zinc and copper ranging from several thousands to about 100 million tonnes.
The hydrothermal fluids, when mixed with the cold surrounding seawater, are precipitated onto the chimney vents leading to the formation of massive deposits of lead, zinc and copper, Rajan said.
National Institute of Ocean Technology Director Dr M A Atmanand, addressing the session, said the institute has taken up a number of projects for the benefit of society including beach restoration, weather forecast, tsunami warning, desalination and generation of renewable energy.
