Indian Ocean’s $18Billion Piracy Stakes
Piracy in the Indian Ocean region.
The Indian Ocean’s $18-Billion Piracy Stakes
“(The) Indian legal system lacks (a) clear and unambiguous mechanism to prosecute maritime pirates.. Piracy off the coast of Somalia has been a threat to international shipping and trade.”
This was Ranjit Sinha, chief of Central Bureau of Investigation (CBI), the premier investigation agency of India, speaking recently at the inauguration of a workshop on maritime piracy in Germany.
The 21st century is known as the Asian century, and the Indian Ocean has risen to prominence globally for its strategic location and importance to maritime trade. The Indian Ocean stretches from the east coast of Africa to the archipelago of Indonesia and Australia in the East; it extends in the north up to the Persian Gulf, with its southern borders stretching to the waters of Antarctica.
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