Posted inInternational News
India’s Strategic Bid for Oceanic Resources
India has made a significant move by applying to the International Seabed Authority (ISBA) for exploration rights in the Indian Ocean seabed, particularly focusing on the Afanasy Nikitin Seamount (AN Seamount). This application reflects India's strategic interests amid rising concerns about resource exploitation and geopolitical competition in the region. The AN Seamount, rich in cobalt, nickel, manganese, and copper, presents lucrative prospects for mineral extraction. However, India faces challenges regarding overlapping claims with Sri Lanka and the complex legal framework governing continental shelf rights. The outcome of India's application to the ISBA is anticipated later this year, indicating the evolving dynamics of maritime resource management and international relations in the Indian Ocean region.