Union Minister Shri Rajiv Ranjan Singh emphasized the fisheries sector’s crucial role in the Indian economy, reporting a robust growth rate of 9%. This growth is seen as essential for India’s transformation into a “Viksit Bharat” by 2047. The government plans to leverage the sector’s potential by creating an International Processing Hub, focusing on digitizing fisheries through Smart and Integrated Harbours that incorporate Artificial Intelligence (AI) and other digital technologies. New initiatives include the development of Nucleus Breeding Centres for shrimp, aimed at boosting sector productivity.
The Union Minister also discussed plans to enhance fishing infrastructure in the Andaman & Nicobar and Lakshadweep Islands, with a particular emphasis on expanding tuna exports. He praised the contributions of start-ups in the fisheries sector and encouraged seafood exporters to modernize processing plants to increase value addition and economic returns. To tackle challenges related to disease-free broodstock and seed, a committee will be established to offer comprehensive recommendations.
Shri George highlighted increased financial allocations to the Department of Fisheries and enhanced funding under the Pradhan Mantri Matsya Sampada Yojana (PMMSY). On August 30, 2024, Prime Minister Narendra Modi inaugurated 218 new projects in Palghar, Maharashtra, worth Rs. 1564 crore, projected to create over five lakh direct and indirect employment opportunities. Additionally, the Ministry of Finance has reduced import duties on feed inputs and ingredients to support the aquaculture sector.
The National Fisheries Development Board (NFDB) organized a Stakeholder Consultation on Fisheries Export Promotion, which saw participation from key industry stakeholders, including SEAI, AISHA, PFFI, IMIA, OFTRI, and various government agencies and research organizations. The consultation focused on strengthening shrimp farming and value chains, and emphasized best practices, sustainable aquaculture technologies, and infrastructure development to boost productivity and food safety.
The consultation highlighted India’s significant position as the world’s second-largest fish producer, having reached a historic production milestone of 17.5 million tons in 2022-23. The sector contributes about 8% to global fish production and plays a vital role in national income and food security. It supports approximately 30 million people, including many from marginalized communities. The sector’s impact is significant, with a 1.09% share in Gross Value Added (GVA) and over 6.72% in agricultural GVA.
The meeting provided a platform to discuss strategies for expanding India’s global seafood market footprint, maximizing export potential, and supporting the livelihoods of fishers, coastal communities, and fish farmers. Through these efforts, the Indian government aims to foster inclusive growth, resilience, and enhanced contributions to the blue economy.
