Technology in the Blue Economy

29 NOV,2020 | MEDC


 

Covid-19 has led to huge and unexpected changes in the operations of severaleconomic activities. The blue economy is undoubtedly one of them. Coastal fishermen in India largely use basic versions of marine navigation systems from the US or Japan, if they are able to afford them. However, the pandemic has led to a spurt in domestic technological innovation, and many NGOs have entered this space. The government is also now extending many financial and technological incentives to the sector to enable it to realize its potential. India has a long coastline and local technological platforms have scope to provide value addition at both ends of the chain – the fishermen and the consumers. Unlike in Western societies, where frozen seafood has become largely acceptable, most Indians are still comfortable only with fresh catchavailable in the fish market. That should incentivize diversetechnological startups to experiment with the development of innovative apps in this sector.

*Photo Credit: Google

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