Centre allocated INR 3,490 crore for fishing harbours to promote exports
Centre has allocated INR 3,490 crore as financial assistance to the states, Union Territories, and implementing agencies for the construction of fishing harbours, fish landing centres
- NEW DELHI — The
Centre has allocated INR 3,490 crore as financial assistance to the states,
Union Territories, and implementing agencies for the construction of fishing
harbours, fish landing centres, and modernisation and maintenance dredging of
existing fishing harbours to promote seafood exports which have doubled to INR
60,523.89 crore in the last 10 years, the Parliament was informed on Tuesday.
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- The allocation was made in the last five years from 2020-21
to 2024-25 under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme, which
provides for sustainable investment in infrastructure with the objective of
enhancing production, productivity, and exports and addressing key gaps
including reduction of post-harvest losses in various component of the value
chain, Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal
informed the Rajya Sabha.
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- The Marine Products Export Development Authority (MPEDA), a
statutory body under the Ministry of Commerce and Industry, promotes and regulates
the export of marine products. The initiatives by the MPEDA for boosting shrimp
exports are oriented towards production and processing.
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- To strengthen the export value chain, the government has
also sanctioned projects adjacent to major ports namely, the modernisation and
upgradation of the fishing harbours at Visakhapatnam, Chennai, Paradip, Cochin
and Mumbai Port with 100 per cent financial assistance under the PMMSY in
convergence with Sagarmala at a total cost of INR 651.14 crores, Sonowal said.
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- During the financial year 2023-24, India exported an
all-time high volume of 17,81,602 metric tonnes of seafood worth INR 60,523.89
crore.
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- The Centre is now aiming to achieve an export turnover of
$18 billion (INR 1.57 lakh crore) by 2030. The target forms a part of Vision
Document 2030 for India’s seafood exports that has been formulated by MPEDA.
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- The Department of Fisheries is implementing the flagship
PMMSY scheme with an investment of INR 20,050 crore in the fisheries sector for
a period of 5 years with effect from the FY 2020-21 to FY 2024-25 across all
states and UTs which has led to the jump in exports. The scheme envisages
enhancing marine exports to INR 1.0 lakh crores in 2024-25.
