Blue Economy Current Affairs

Sustainable Blue Economy Conference held in Nairobi, Kenya

The first Sustainable Blue Economy Conference was held in Nairobi, capital of Kenya. It was organized by Kenya and cohosted by Japan and Canada. The theme of this conference was ‘The Blue Economy and the 2030 Agenda for Sustainable Development.’

Sustainable Blue Economy Conference

This conference was held on momentum of UN’s 2030 Agenda for Sustainable Development, 2015 Climate Change Conference in Paris and UN Ocean Conference 2017 ‘Call to Action. Over 17,000 plus participants from some 184 countries had participated in the conference. India was represented Union Minister for Shipping, Road Transport & Highways, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari. Other parties who participated in this conference are World Wildlife Fund, WWF; International Maritime Organization, IMO; International Seabed Authority, ISA;  orld Bank; AFRIEXIMBANK; Ocean Foundation etc.

Background

Blue Economy is economic benefit and value that is realized from Earth’s coastal and marine environment. Sustainable Blue Economy is marine-based economy that provides social and economic benefits for current and future generations, restores, protects and maintains diversity, productivity and resilience of marine ecosystems. It is also based on clean technologies, renewable energy, and circular material flows.

Blue Economy is very crucial for India’s economic development. India has strategic location in Indian Ocean region (IOR), and on this basis, it endorses growth of Blue Economy in sustainable, inclusive and people centred manner through framework of Indian Ocean Rim Association (IORA).

India is also developing its maritime infrastructure as well as its inland waterways and coastal shipping through launch of the ambitious “Sagarmala Programme” which aims to revolutionize maritime logistics and port led developments in country. India’s national vision about this sector is clearly articulated in term “SAGAR”- Security and Growth for All in IOR which was coined by Prime Minister Narendra Modi.

Month: Categories: India Current Affairs 2018

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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.

Month: Categories: India Current Affairs 2018

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