The agreement on deep seabed mining regime relating to the implementation of Part 11 of the Third UN Convention on the Law of the Sea of 1982 [hereinafter: the Convention] had come as a blessing in disguise for India in her status and role as a registered pioneer investor. The inevitable changes and re-evaluation of Part 11, especially the right of first refusal, production policy, financial terms, council seat in the investors category, reserved area funding and the technology transfer provisions are very encouraging and is of particular significance to India for reasons of eliminating the serious and difficult pre-Agreement obligations and for the widespread support it has brought to the Convention by way of general acceptance among the industrialised States. These important changes are now incidentally in much better realisation of the State sponsored deep seabed mining programme objectives, expectations and resource policy issues