blue financial system: Centre to return out with ‘Blue Financial system’ coverage quickly: Official

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The Centre is more likely to come out with a ‘Blue Financial system‘ coverage, geared toward harnessing ocean sources, within the subsequent couple of months, a senior official mentioned on Friday. The contribution of ‘Blue Financial system‘ to the nation’s GDP at present stands at roughly 4 per cent and the coverage goals to extend it to double digits by 2047, M Ravichandran, Secretary, Ministry of Earth Sciences, advised PTI right here.

“…how can we harness ocean sources for the nation’s financial development? That is the target of the proposed coverage,” he mentioned.

The federal government had earlier rolled out the draft blue financial system coverage within the public area, inviting ideas and inputs from varied stakeholders.

The senior official was talking on the sidelines of a seminar on ‘Latest tendencies in house sector: New India’ organised by the Academy for Science, Expertise and Communication, Hyderabad collectively with Nationwide Academy of Sciences, India – Hyderabad Chapter.

Telangana Governor Tamilisai Soundararajan, who was the chief visitor on the inaugural operate, appreciated the contribution of scientists to the society and urged them to take the fruits of analysis to the frequent man.

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