India is the second largest fishery industry in the world after China, contributing to 5.43% of global fish production. India is also a major aquaculture industry . Fisheries being one of the promising sectors of agriculture and allied activities in India, a growth target rate of 6 per cent was fixed by the Union Government.
The ‘fisheries and aquaculture sector’ is recognized as the sunshine sector in Indian agriculture. It drives growth in a number of subsidiary sector and is the source of livelihood for a large section of economically backward population, especially fishermen, of the country. It helps in increasing food supply, generating adequate employment opportunities and raising nutritional level. It has a huge export potential and is a big source of foreign exchange earnings for the country
But, there are several challenges and issues facing the fisheries development in the country, such as, accurate data on assessment of fishery resources and their potential in terms of fish production; development of sustainable technologies for fin and shell fish culture; yield optimisation; harvest and post-harvest operations like cold storage facilities; landing and berthing facilities for fishing vessels and welfare of fishermen; etc.
Foreign equity is permitted in fish processing sector. Fish processing projects with a minimum of 20 per cent value addition can be set up as 100 per cent Export Oriented Units. All items can be exported freely except for silver pomfrets of weight less than 300 grams. MPEDA is the authority which regulates the export of fisheries, which is based in Kochi.
News
TN government plans fishing harbour in Thiruvottiyur
Kerala to build fishing trawlers for deep sea fishing
Gujarat to develop Navbandhar Fishery port
Fisheries production has increased over 3 years
TN government to build integrated fishing harbour in Thengapattinam
GST exemption on fish food expires in October 2019
List of All Companies Operating in Fishery Sector in India
Abad Fisheries Ltd
Acewin Agriteck Ltd
Amar Aquatic
Amar Sagar Sea Foods Pvt Ltd
Apex Frozen Foods
Arya Sea Foods Pvt Ltd
Avanti Feeds Ltd
Baby Marine Ventures
Blue Park Sea Foods Pvt Ltd
