Source: http://www.markthetruth.com
By Iftekharul Bashar
In the ancient Sanskrit literature the Indian Ocean is known as Ratnakara meaning “the maker (creator) of jewels.” The real relevence of this name is being understood in this twenty-first century, as the high strategic value of this vast ocean is making it a theatre of maritime dominance of the Asian powers. Today’s jewels certainly are trade, influence and power, a raison d’être for these developing countries to modernize and expand their maritime strength and broaden their sphere of strategic influence.
The Indian Ocean provides major sea routes connecting the Middle East, Africa, and East Asia with Europe and the Americas. It carries a particularly heavy traffic of petroleum and petroleum products from the oil fields of the Persian Gulf and Indonesia. Large reserves of hydrocarbons are being tapped in the…
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Filed under: Current Affairs
