Blue Economy - Are we ready for it?

Blue Economy - Are we ready for it?: Blue economy means extraction of the resources of sea for the growth of an economy. Bangladesh has settled maritime boundary disputes with Myanmar in 2012 and with India in 2014 through an arbitral method. It is estimated that Bangladesh has acquired 118,813 square kilometres of the Bay of Bengal. The areas of resources include 200 nautical miles of exclusive economic zone and over 354 nautical miles of resources on seabed (continental shelf). It is estimated that the resources from the sea of Bangladesh constitute 81 percent of the resources existing in its land territory.

Inside the ward of Bangladesh, the ocean is blessed with massive and valuable regular assets, living and non-living. Specialists state that fish alone has 500 assortments other than snails, shell-fish, crabs, sharks, octopuses and different creatures. Bangladesh is evaluated to get just 0.70 million tons of fish each year out of the complete 8 million tons of fish accessible in the Straight of Bengal. 

Other than fish and other living creatures, Bangladesh could likewise have gas fields as it is accounted for that Myanmar has found an enormous gas field on its zone of the ocean. Specialists are of the view that Bangladesh would have the option to extricate assets worth about Tk 12,000 crore (1.2 billion dollar). 

As indicated by specialists, the residue on the contiguous ocean territory in Bangladesh contains significant minerals, for example, uranium and thorium other than an enormous number of "dirt" which establishes crude materials of concrete. Specialists accept that there exist 13 substantial mineral-rich sediments in the neighboring ocean territories of Bangladesh, for example, ilmenite, garnet, colemanite, zircon, retile, and magnetite which, as per them, are more important than gold. The offer of these minerals could acquire billions of dollars for Bangladesh. It is accounted for that the nation has 75 external islands which could be used for vacationers both neighborhood and outside. In the event that Bangladesh can investigate and misuse these assets using proper innovation, the economy of Bangladesh can develop quickly into a propelled one. In spite of the fact that the administration of Bangladesh has rented out certain regions of Straight of Bengal to remote organizations, it is accepted that they are not utilizing costly present day hardware to remove the assets.