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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (9535)	11/11/1999 9:26:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

India plans to get bigger India has announced a project to determine the outer limits of its continental shelf which, it believes, will allow it to stake an international claim for areas well beyond its current maritime boundaries of two-hundred nautical miles. A government statement said that if the twelve-milion dollar project were successful, India would extend economic rights to another million square kilometres of sea-bed in the Arabian Sea, Bay of Bengal and Indian Ocean. The statement said it was important for India to stake the claim under the United Nations Convention on Law of the Sea or other countries would do so. Currently, India has sovereign rights over 12 nautical miles of territorial sea and exclusive economic rights over a zone of 200 nautical miles out to sea. (From the newsroom of the BBC World Service)