Gujarat National Law University to draft two key laws on deep sea mining

The Union Ministry of Earth Sciences has asked Gujarat National Law University (GNLU) to prepare two draft laws that will lay the guidelines for deep sea mining in the Indian Ocean off India’s territorial waters, and in Antarctic Ocean. The draft laws will be called ‘Deep Seabed Mining Act’, and ‘Antarctica Act of India’. The Indian Ocean seabed is rich in precious metals and can yield natural resources of great value. US, China, Japan, Russia and South Korea lead this race for the natural wealth that lies untapped beneath the seabed. So far, India has done little for commercial exploration of the seabed despite excellent opportunities to tap nearly 1.5 million sq km of sea floor beyond its territorial waters.


Disclaimer

The information in this private circulation is not legal advice and should not be treated as such. The information is taken from public domain and is purely for private and non- commercial purposes. We do not represent that the information is correct, accurate, complete or non- misleading.

This disclaimer will be governed by and construed in accordance with laws of India, and any disputes relating to this disclaimer will be subject to the exclusive jurisdiction of the courts of the Republic of India.

Leave your comment

*

code