European Union, EU, Chair of the Contact Group of Piracy off the Coast of Somalia has announced the revision of the limits of the piracy High Risk Area. The revision will come into effect from the first of December this year. The unanimous agreement to redraw the eastern limit of the High Risk Area, HRA, is a welcome move for India. India had been seeking a review of the HRA, with the support of numerous countries, due to the absence of piracy in the Indian maritime zones and adjacent seas.<br/><br/>With the revision, some of India's maritime security concerns like floating armouries and proliferation of private security are likely to be addressed. In addition, Indian ship-owners are likely to benefit significantly on account of savings on insurance and associated operating costs.