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With a view to explore deep ocean for resources and develop deep sea technologies for sustainable use of ocean resources, Cabinet Committee on Economic Affairs (CCEA) approved the proposal of Ministry of Earth Sciences (MoES) on “Deep Ocean Mission” at an estimated cost of Rs. 4077.0 crore for a period of 5 years to be implemented in a phase-wise manner. The estimated cost for the first phase for the 3 years (2021-2024) would be Rs.2823.4 crore. Deep Ocean Mission with be a mission mode project to support the Blue Economy Initiatives of the Government of India.
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