Economy
One of the first trading ventures along the Bay of Bengal was The Company of Merchants of London Trading into the East Indies more commonly referred to as British East India Company. Gopalpur was one of their main trading centers. Other trading companies along the Bay of Bengal shorelines were English East India Company and French East India Company.
BIMSTEC Bay of Bengal Initiative for MultiSectoral Technical and Economic Cooperation (BIMSTEC) supports free trade internationally around the Bay of Bengal between Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka, and Thailand.
The Sethusamudram Shipping Canal Project is a new venture proposed which would create a channel for a shipping route to link the Gulf of Mannar with the Bay of Bengal. This would connect India east to west without the necessity of going around Sri Lanka.
Thoni and catamaran fishing boats of fishing villages thrive along the Bay of Bengal shorelines. Fishermen can catch between 26 and 44 species of marine fish. In one year, the average catch is 2 million tons of fish from the Bay of Bengal alone.
Read more about this topic: Bay Of Bengal
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)