Andaman & Nicobar with about 836 picturesque islands, islets attracted 126,238 tourists in 2021.
Andaman & Nicobar (A&N) is an important hub for the economic strategic cooperation of India. The role of A&N in India's strong ties with East Asian countries and other sea-related countries is very critical under the Act-East Policy and this is likely to grow. To improve development of projects in the state, the Island Development Agency was created 3 years ago.
Submarine Cable will assist A&N in providing cheaper and better connectivity and Digital India's advantages, especially in improving online education, telemedicine, banking, online trading and tourism.
Development of a deep internal port draught and proposal to build a trans-shipment port in Great Nicobar at an estimated cost of approximately Rs. 100 billion (US$ 1.36 billion) will enable large ships, along with new employment opportunities, to anchor and increase India's share in maritime trade.
The island's blue economy such as fisheries, aquaculture, and seaweed farming will accelerate in line with the growth of modern infrastructure in A&N.
In FY22, the total merchandise exports from the state stood at US$ 1.14 million, while during FY23 (till August 2022) it stood at US$ 0.42 million.
12 Andaman and Nicobar Islands were chosen for high-impact projects, with focus on improving the region's trade in sea-based, organic and coconut-based products. In September 2020, government think-tank Niti Aayog started the process of hiring consultants to prepare a master plan for the holistic development of the Great Nicobar Islands through the public–private partnership model.
The Indian government has set targets for Andaman and Nicobar to attain its energy needs through 100% renewable energy.