Cooperation for ocean studies as well as scientific exploration and exploitation of sea based resources
The Union Cabinet chaired by the Prime Minister Narendra Modi, gave its ex-post facto approval to the protocol for cooperation in the field of blue economy which was signed between India and Seychelles during the visit of the President of Seychelles to India on 26 August 2015.The protocol lays down the modalities and mechanism of cooperation between the two parties for ocean studies as well as scientific exploration and exploitation of sea based resources, for sustainable development and economic purposes.
The cooperation will enhance India's strategic cooperation in the field of blue economy; commercial benefits from export of human resources, expertise and technology and it will increase India's access to ocean-based resources in cooperation with Seychelles. Cooperation with Seychelles in blue economy will provide new data on ocean-based resources and also provide for sharing of expertise and technology developed by Indian scientists and research institutes. It will also help domestic innovation in the field of ocean research and technology.
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