In context of EEZ, consider the following statements:

1.         It uses state-of-the-art laser, multi-beam sonar, or side-scan sonars. 2.         It attracts Foreign Direct Investment. 3.         It deals with trans-boundary and straddling stock.

Which of the statements given above are correct?

Statement 1: It is correct. India is a traditionally maritime country with rich maritime heritage hence it has an Exclusive Economic Zone (EEZ) of about 2.37 million sq km wherein India enjoy the exclusive legal right to utilise all living and non-living resources.  Statement 2: It is incorrect. It is the feature of Indian SEZ Policy, an SEZ may be set-up in the public, private, or joint sector and/or by a state government. The policy requires the minimum size of an SEZ to be 1000 hectares. Within these zones, units may be set-up for the manufacture of goods, provisioning of services, and other activities including processing, assembling, trading, repairing, reconditioning, making of gold/silver, platinum jewellery, etc. The Policy allows 100% foreign direct investment in most manufacturing activities. Statement 3: It is correct. An exclusive economic zone (EEZ) is a sea zone prescribed by the United Nations Convention on the Law of the Sea over which a state has special rights regarding the exploration and use of marine resources, including energy production from water and wind. Fisheries management, usually adhere to guidelines set by the FAO that provides significant practical mechanisms for the control of EEZs. Transboundary fish stocks are an important concept in this control that range in the EEZs of at least two countries. Straddling stocks, on the other hand, range both within an EEZ as well as in the high seas, outside any EEZ. A stock can be both transboundary and straddling. Hence, the correct option is 2.