Efforts on to unlock potentials of blue economy

block
Economic Reproter :
The government is making efforts to unlock the potential of the blue economy offered by the Bay of Bengal
As part of the process, different ministries and state-owned research firms exchanged their views on the potential and prospects of the blue economy at an inter-ministerial workshop on Blue Economy organised by the Planning Division in the NEC conference yesterday.
During their deliberations, they suggested to follow the method of other countries that have already developed their blue economy in tapping vast Bay resources.
Private sector might be encouraged to invest for exploiting seabed resources, they said.
But the country still lacks knowledge, technology and skills to explore the resources of the Bay.
Presiding over the workshop, Planning Minister AHM Mustafa Kamal said after winning maritime boundary from India and Myanmar, the prospect of the country’s blue economy expands.
He said: “We have no time to wait. For seizing the potential of the blue economy, we need to gather experiences of other countries that has already developed their blue economy.” He said countries like China, Korea, Australia and Sicily have developed their blue economy and Bangladesh can get knowledge from those countries.
Education Secretary Sohrab Hossain said Bangladesh lacks preparation to utilise and protect the resources of seas and oceans. “However, we have taken a number of initiatives like maritime course in universities to build skilled manpower in this regard.” Senior Research Fellow at the Bangladesh Institute of Development Studies Nazneen Ahmed said: “We need to make massive research about the blue economy once to tap into the resources of the Bay of Bengal.”
block