KIIT-Bhubaneswar Hosts National Conference On Blue Economy With Focus On Marine Ecosystem Value Chain

Bhubaneswar: A national conference on Blue Economy was inaugurated at KIIT-DU in Bhubaneswar on Monday, focusing on ‘navigating the marine ecosystem value chain’.

The conference was graced by Dr Parvinder Maini, Scientific Secretary, Office of Principal Scientific Adviser to the government of India, Dr M V Ramanamurthy of Ministry of Earth Sciences, and Dr Jitendra Kumar, MD of DBT-BIRAC.

This pioneering conference, a collaborative effort by the Indian Phycological Society, Delhi, KIIT University, Bhubaneswar, DBT-Institute of Life Sciences, Bhubaneswar, CSIR-Institute of Minerals and Materials Technology, Bhubaneswar, National Institute of Oceanography, Goa, and the Bhubaneswar City Knowledge Innovation Cluster Foundation (BCKIC), aims to explore the vast potential of India’s blue economy.

The conference was graced by the presence of Odisha’s Minister of Science and Technology Ashok Panda, who highlighted the recent announcement of the state government’s biotech policy and its focus on aquatic management, emphasizing Odisha’s significant 480 km coastline and its role as a major stakeholder in the blue economy.

“Odisha’s rich marine resources, including its chill and mangrove forests, along with a budget of 3.50 lakh crore, are pivotal for leveraging the marine economy,” Panda stated.

Dr. Parminder Maini underscored the critical timing of the conference, noting that 40 percent of the global population lives beside oceans, which are vital for energy, food, and support 80 percent of global trade through maritime transportation.

“The blue economy contributes approximately 6 trillion dollars to the global economy annually, with India playing a crucial role in this sector,” Maini said, calling for a concerted effort to safeguard ocean resources and explore potential pathways to achieve a sustainable blue economy.

Prof Mrutyunjay Suar, DG, R&D and Innovation at KIIT, observed that Odisha is the ideal launchpad for India’s blue economy initiatives.

Echoing this sentiment, Dinabandhu Sahoo, President of the Indian Phycological Society and a senior professor at Delhi University, highlighted blue economy’s current valuation at 24 trillion dollars globally, emphasising the ocean’s future potential for humanity.