INCOIS alerts, advisories help save money and environment
The Hindu
About five ‘no go ahead mission’ advisories between 2013 and 2015 saved more than ₹4,000 cr.
Timely and prompt alerts issued by the Indian National Centre for Ocean Information Services (INCOIS) in the form of forecasts and warnings to various stakeholders, including the Indian Navy, Coast Guard, shipping industry and the fishermen on the coast, have helped or is continuing to help net a benefit of thousands of crores to the economy.
About five ‘no go ahead mission’ advisories provided between 2013 and 2015 itself has worked out to to be very beneficial to the Indian Navy as it has saved more than ₹4,000 crore. The environmental effect of savings in diesel consumption computed as carbon credit would work out to an annuity of ₹36,200 crore or a present value of around ₹2.84 trillion over the 25-year useful life, informed scientists of the Ministry of Earth Sciences (MoES) institute here.
Economic analysis indicated that the real growth rate of gross value added in marine fisheries can go up to 7.8% per annum from the current level of 3.9% once the PFZ-OSF (Potential Fishing Zone - Ocean State Forecast) is operationalised uniformly across the country in all coastal areas, said senior scientist T. M. Balakrishnan Nair, in a recent interaction.
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