In Bangladesh, discussions on Blue economy started after the settlement of maritime boundary delimitation with neighbours. Bangladesh has acquired 118,813 square km of maritime territory which has unlocked new opportunities in sectors like marine fisheries, mariculture, renewable energy, off-shore energy and minerals, marine biotechnology, maritime trade, shipping, tourism and various other marine ecosystem-based services.
Blue Economy aims at sustainable economic development of the country utilizing the resources of the sea area as well as conservation of these resources. With expanding ocean activities, concerns of maritime safety would also come to light which falls under the blue economy. Without sufficient degrees of security, ocean resources cannot be utilized efficiently. Thus navy can play significant role in the development of Blue Economy in Bangladesh. However, apart from maritime security, there are other arenas of Blue Economy where Navy can contribute substantially.