MPEDA, NCDC join hands to boost marine exports; to go on a cruise to study marine behaviour

State-run Marine Products Export Development Authority (MPEDA) has signed an MoU with the National Cooperative Development Corporation (NCDC) to improve exports of marine products. Under this arrangement, MPEDA-related entities and NCDC will jointly formulate programmes to boost infrastructure created for primary production and post-harvest management of marine products for exports. At the same time, three […]

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India’s fisheries sector can grab almost $9 billion investment in 5 years

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India expects the fisheries sector to attract investments worth $ 9 billion (Rs 67,000 crore) over the next five years along with huge employment generation. Fisheries exports are expected to more than double to Rs 100,000 crore by 2024-25 from Rs 46,589 crore at present, Union Fisheries Secretary Rajeev Ranjan said at an e-conference of […]

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India questions WTO members for providing huge subsidies resulting in “overfishing”

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Member countries of the World Trade Organization (WTO) that have provided “huge” subsidies for “unsustainable” fishing should first take the responsibility of significantly cutting down those “harmful” support measures which are leading to overfishing, the Indian government said at a meeting of the NGR (negotiating group on rules) on fisheries subsidies negotiations held on November […]

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India launches Rs 20,050-crore scheme for fisheries sector along with several sops for Bihar

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Prime Minister Narendra Modi  launched Rs 20,050 crore Pradhan Mantri Matsya Sampada Yojana (PMMSY) to boost production and exports in the fisheries sector as part of the government’s aim to double farmers’ income. The Prime Minister also launched several other initiatives in the fisheries and animal husbandry sectors in Bihar, scheduled for assembly polls in October-November, […]

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India looks to boost “Blue Economy” by focusing on fisheries for higher economic growth

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The Pradhan Mantri Matsya Sampada Yojana (PMMSY) aims to enhance fish production to 220 lakh metric tons by 2024-25 from 137.58 lakh metric tons in 2018-19 at an average annual growth rate of about 9 per cent. The Union Minister for Fisheries, Animal Husbandry and Dairying, Shri Giriraj Singh, today said the ambitious scheme will result in doubling export […]

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National Fisheries Policy to improve income of fishermen: Giriraj Singh

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The proposed New National Fisheries Policy will focus on bringing new technology and ways to deal with the threat from cyclones as part of the overall objective to improve the income of fishermen,  informed Union Fisheries Minister Giriraj Singh in the Rajya Sabha. The proposed policy will incorporate the provisions of the existing National Policy […]

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Australia’s seafood production value expected to dip in 2019–20

The rapid spread of the novel coronavirus (COVID-19) will likely have a significant short term impact on Australia’s seafood industry, with production value tipped to slide 12% to $2.81 billion this financial year, the country’s premier agricultural forecaster, ABARES, said in a report. However, production value is expected to bounce back to $3.40 billion in 2020–21 as […]

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Indian government to invest Rs.25,000 crore in fisheries in 3-5 years

As part of the ambitious Blue Revolution project, the Union government has lined up Rs.25,000 crore to invest in different segments of the fisheries sector in the next three to five years. The funds will be used to build infrastructure. The government expects to double inland fish production to 6 million tonnes. Rajni Sikhri Sibal, Secretary, […]

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India creates special fishery, aquaculture fund to boost output, jobs

The Indian cabinet has approved special Rs 7,522 crore fund aimed at boosting production and jobs in the country’s fisheries and aquaculture sector, a government statement said. It said the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) was approved by the Cabinet Committee on Economic Affairs chaired by the Prime Minister Narendra Modi. “The approval […]

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