Blue Economy Current Affairs

India, Kenya sign MoU in area of agriculture

India and Kenya signed Memorandum of Understanding (MoU) for cooperation in the field of agriculture and allied sectors. India also announced $100 million Line of Credit (LoC) to Kenya for agricultural mechanization

The agreement was signed after delegation level talks between Prime Minister Narendra Modi and Kenyian President Uhuru Kenyatta in New Delhi. It was first official state visit of President from Kenya to India since 1981.

Joint statement released by both leaders
  • Expansion of bilateral trade, greater flow of capital between two countries and stronger developmental partnership is a priority.
  • Both sides will also explore opportunities in blue economy. They also discussed long term arrangements for production and import of pulses.
  • Both countries will focus on quick operationalisation of the defence cooperation along with hydrography, anti-piracy, communication networks, capacity building and defence medical cooperation.
  • They will encourage industry and business in both countries to take lead in exploiting opportunities in healthcare, tourism, IT, agriculture and energy.
  • Joint Working Group (JWG) focusing on cyber security, counter terrorism, combating narcotics trade, human trafficking and money laundering will meet early.
  • They also condemned terrorism in all its forms and reiterated their commitment to work together in this regard. They also committed to strengthen cooperation against terror threats from extremist groups.
  • India invited Kenya to join the framework agreement of the International Solar Alliance (ISA) and also offering its expertise in the area of LED smart street lighting and LED bulbs for domestic use.

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PM Narendra Modi inaugurates Maritime India Summit 2016

Prime Minister Narendra Modi inaugurated the Maritime India Summit 2016 in Mumbai, Maharashtra.

This is India’s first ever Maritime Summit and the flagship event organised by Union Ministry of Shipping.

Key facts

  • The first of its kind two day summit (from April 14 to 16, 2016) will be held at the Bombay Convention and Exhibition Centre in Goregaon, Mumbai.
  • South Korea is the partner country for the summit and will be represented by a high level ministerial and business delegation.
  • The main focus of summit is to give impetus to Make In India and blue economy under the Union Government’s ambitious Sagarmala Project emphasising on port-led development
  • It will be global summit that will comprise of an Investors’ Summit along with exhibition and demo session. More than 50 other maritime nations have been invited.

On the occasion of this event, Union government also released a national perspective plan for the Sagarmala Project. The project involves more than 150 projects related to modernisation of existing ports, setting up 5-6 new ports.

It also seeks to enhance port connectivity through heavy haul rail corridor, freight-friendly expressways, inland waterways, coastal Special Economic Zones (SEZs) and industrial clusters, and so on.  Its main purpose is to set sight on boosting India’s exports by 2025, and create 40 lakh direct jobs and indirect employment for 60 lakh people.

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