WOC AND THE FEDERATION OF INDIAN CHAMBERS OF COMMERCE AND INDUSTRY (FICCI) SIGN MOU AT 2019 SUSTAINABLE OCEAN SUMMIT (SOS)
World Ocean Council (WOC) and FICCI Commit to Collaborating to Advance the Sustainable Blue Economy for India. The WOC and FICCI signed a partnership agreement to work together in developing India’s Sustainable Blue Economy at the 7th Sustainable Ocean Summit (SOS) 2019, Paris, 20-22 November.
The Federation of Indian Chambers of Commerce and Industry (FICCI) is the voice of India’s business and industry. From influencing policy to encouraging debate, engaging with policy makers and civil society, FICCI serves its members from the Indian private and public corporate sector and multinational companies, drawing its strength from diverse regional chambers of commerce and industry across states, reaching out to over 250,000 companies.
Manish Singhal, Deputy Secretary General of FICCI, said, “FICCI is proud to partner with the World Ocean Council to advance the Blue Economy in India, which is inextricably linked to the global Blue Economy and requires both strong domestic synergy and integration with the wider international ocean community. The responsible development of India’s marine areas and resources is critical to the country’s long term, sustainable economic growth.”
Paul Holthus, WOC Founding President and CEO, added, “The partnership between FICCI and WOC will help develop multi sectoral engagement on a healthy ocean and a healthy ocean economy within the private sector. We will work with FICCI to foster a multi-sectoral approach in support of the sustainable development, science and stewardship of India’s ocean areas.”
At the WOC Sustainable Ocean Summit 2019 in Paris, Deputy Secretary General Singhal also presented an overview of India’s Blue Economy in the session on “Ocean 2030: Blue Economy Business Projections”. The presentation outlined the status and trends in India’s major ocean economic sectors and the challenges and opportunities lying ahead, which will be the focus of the FICCI / WOC collaboration.