Image Source : Millennium Post
Prime Minister Narendra Modi has reviewed the progress and future plans of India’s fisheries sector, emphasizing deep-sea fishing and seafood exports as key areas of development. The meeting comes amid growing efforts to strengthen India’s position as a global leader in marine fisheries and aquaculture.
Strategic Initiatives and Industry Growth
- The Department of Fisheries recently unveiled Rs 255 crore worth of projects aimed at boosting infrastructure and sustainable practices in coastal states
- India’s marine fisheries sector has an estimated potential of 5.31 million tonnes, with coastal states producing 72 percent of the country’s total fish output
- The government has launched initiatives such as the Marine Fisheries Census Operations and the Turtle Excluder Device project to promote responsible fishing
Market Expansion and Export Focus
- India is the second-largest fish-producing country, contributing around 8 percent to global fish production
- Seafood exports account for 76 percent of India’s total fish trade, with demand rising in international markets
- The Union Budget 2025-26 has allocated Rs 2,703.67 crore to the fisheries sector, marking the highest-ever budgetary support for its expansion
With a vast coastline and rich marine resources, India is positioning itself as a key player in sustainable fisheries and seafood exports, ensuring long-term economic benefits for coastal communities.
Sources: Business Standard, Tribune India, Devdiscourse, NewsOnAir, MSN News
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