ANSWER: International Seabed Authority
Explanation:
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval for signing of 15 years contract by the Ministry of Earth Sciences with the International Seabed Authority (ISA) for undertaking exploration and other developmental activities related to Polymetallic Sulphides in the allotted area of 10,000 sq km.
- It will be done in parts of Central and South - West Indian Ridges (SWIR), located in the Indian Ocean.
- By signing the 15 year contract, India's exclusive rights for exploration of Polymetallic Sulphides in the allotted Area in the Central Indian Ridge, and South West Indian Ridge in Indian Ocean will be formalised.
- Further, it will enhance India's presence in the Indian Ocean where other players like China, Korea and Germany are active. The program will be implemented by the Ministry of Earth Sciences with the participation from various national institutes and research laboratories/ organisations.
