Resource-Hungry India to Invest $1.5 Bln in Seabed Mining

SPUTNIK | 9 May 2017

“India is set to step up efforts to harness mineral wealth from the seabed of the Indian Ocean with the government soon to launch a $1.5-billion deep ocean mission. The proposed mission aims to rein in energy, food, medicine and other natural resources that surround the Indian peninsula.

The major components of the project have been said to be deep ocean energy, desalination plant along the Chennai coast, deep sea science and fisheries, minerals and polymetallic nodules.”

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