And the pact is for ocean resources.
Deep water advantage
India will be up graded from non-contracting party to contracting party under Southern Indian Ocean Fisheries Agreement.
Indian vessels to fish for
* Squids
* Toothfish
* Alfonsino
* Other non-migratory fish
India will have greater access to
* Scientific date
* Research programmes
* Stock assessments
India's share in global blue economy 8%
Fishery sector in India
* 2nd largest fish-producing country in the world
* India's fish production in 2024-'25 195 lakh tons
* 30 million livelihoods supported by the fishing sector
* Rs.60,523 cr is the amount India earned in fishery product exports in 2023-'24
* 120 countries consume fish exports from India.