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Cryptocurrency News Articles
PM Modi Chairs Meeting to Review Progress and Future Plans of Fisheries Sector
May 15, 2025 at 04:12 pm
The plans are to advance the Fisheries sector while focusing on deep-sea fishing and seafood exports.
New Delhi, India, 15 May 1970 | Prime Minister Narendra Modi on Thursday held a meeting to review the progress and future plans of the Fisheries sector. The plans are to further advance the Fisheries sector while focusing on deep-sea fishing and seafood exports.
This comes days after the Department of Fisheries, under the Ministry of Fisheries, Animal Husbandry and Dairying, launched key projects for seven coastal states and UTs with a total outlay of Rs 255.30 crores.
For this, the ministry organised “Coastal States Fisheries Meet: 2025”, where Union Minister Rajiv Ranjan Singh inaugurated and laid the foundation for the projects.
The ministry is also planning to further boost the sector.
The fisheries sector in India plays a crucial role in supporting rural livelihoods and contributing to the country’s national economy.
With a vast coastline and an Exclusive Economic Zone (EEZ) of 2.02 million square kilometres, India boasts rich marine resources. The marine fisheries sector in India harbours significant potential, estimated at 5.31 million tonnes.
Coastal states and Union Territories, which include around 3,477 coastal fishing villages, produce 72 per cent of the country’s total fish production and account for 76 per cent of India’s total seafood exports.
The Ministry also launched a set of key initiatives aimed at strengthening marine fisheries and promoting sustainable practices, including the Marine Fisheries Census Operations, the Turtle Excluder Device (TED) project, and the release of the Standard Operating Procedure for the Vessel Communication and Support System.
India is the second largest fish producing country with around 8 per cent share in global fish production.
Over the past two decades, India's fisheries sector has witnessed significant growth and transformation. From technological advancements to policy reforms, the period from 2004 to 2024 has been marked by milestones that have bolstered India's position in global fisheries and aquaculture.
The Union Budget 2025-26, proposed the highest ever total annual budgetary support of Rs. 2,703.67 crores for the fisheries sector.
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