An attempt is being made to compile and collate the traditional knowledge base existing within the community in the 10 inhabited islands of the coral archipelago in South west India- the Union Territory (UT) of Lakshadweep. The traditional knowledge base of the islands centre around the physical parameters that sustain marine ecosystem dependant livelihood and sustenance strategies of the islanders. The perceptions of various stakeholders on the value and relevance of traditional knowledge besides the insight into precursors to what might in later years become traditional knowledge is discussed. The need to integrate this in planning, management and conservation of vital resources is felt and necessary too.