Govt to invest Rs 25,000 crore in fisheries sector
Union Minister of Fisheries, Animal Husbandry & Dairying Shri Giriraj Singh has said that the Union Government will invest Rs 25,000 crores in the next five years to enhance infrastructure and boost production of fishes in India. He added that the fisheries sector will play a crucial role in the doubling of farmers’ income. He further said that the Ministry will strive to further increase this 14% growth rate in inland fisheries and are working towards creating more awareness among the State governments and the people. The government aims to increase exports of fish and fishery products by over 50% to Rs 1 lakh crore every year in the next five years.
The fisheries sector provides livelihood to more than 1.6 crore people, and twice that number in down and upstream. Total fish production in 2017-18 was 12.59 million metric tonnes with 8.9 million metric tonnes from inland sector and 3.69 million metric tonnes from marine sector.