What is Sagar Samriddhi project which was in the Indian news in recent times ?

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Q: 118 (CDS-I/2005)
What is Sagar Samriddhi project which was in the Indian news in recent times ?

question_subject: 

Current Affairs

question_exam: 

CDS-I

stats: 

0,4,18,11,5,4,2

keywords: 

{'sagar samriddhi project': [0, 0, 1, 0], 'central government project': [0, 0, 1, 0], 'indian news': [0, 0, 2, 1], 'marine fishery industry': [0, 0, 1, 0], 'cultivation': [2, 1, 1, 0], 'natural gas exploration project': [0, 0, 1, 0], 'coastal states': [0, 0, 1, 2], 'certain marine plankton': [0, 0, 1, 0], 'shallow coastal waters': [0, 0, 1, 0], 'rich foods': [0, 0, 1, 1], 'pearls': [0, 1, 1, 0]}

The Sagar Samriddhi project, which was in the Indian news in recent times, refers to an oil and natural gas exploration project. This initiative is undertaken by the central government and aims to explore and tap into the potential reserves of oil and natural gas in the country. The project is an important step towards reducing India`s dependence on energy imports and increasing self-sufficiency in this area.

Option 1, which suggests that the project is related to promoting the marine fishery industry, is incorrect. The Sagar Samriddhi project is not focused on the promotion of fishery activities but rather on the exploration and extraction of oil and natural gas resources.

Option 2, which mentions the cultivation of marine plankton for protein-rich foods, is also incorrect. The Sagar Samriddhi project does not involve such activities but instead focuses on the exploration and production of oil and natural gas.

Option 4, which suggests that the project involves the cultivation of pearls in coastal waters, is also incorrect. The Sagar Samriddhi project is unrelated to pearl cultivation and solely focuses on oil and natural gas exploration.

Therefore, the correct answer is option 3, which mentions the oil and natural gas exploration project.