Prime Minister inaugurated and laid the foundation stone for 16 major Fisheries Projects totaling over ₹693 crores across India. These projects, spanning various states from Uttarakhand to Puducherry, are being implemented under the flagship Pradhan Mantri Matsya Sampada Yojana (PMMSY) and the Fisheries Infrastructure Development Fund (FIDF), signaling a major push for India’s Blue Economy.
Key infrastructure projects include the foundation stone for a Smart & Integrated Fishing Harbour in Karaikal, Puducherry (₹119.94 crore), a Trout Fisheries initiative in Uttarakhand (₹170 crore) aimed at increasing production, and a ₹100 crore Integrated Aqua Park (IAP) at Hirakud, Odisha, designed to transform aquaculture through comprehensive ecosystems and training. These investments target strengthening infrastructure, creating employment, and boosting exports.
These targeted investments utilize flagship schemes (PMMSY/FIDF) to modernize coastal and aquaculture infrastructure, creating a robust, vertically integrated value chain necessary to secure India’s position as a sustainable global seafood producer and boost marine exports.
What is India’s Blue Economy? → The Blue Economy refers to the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs, while preserving the health of the ocean ecosystem.
Relevant Question for Policy Stakeholders: What regulatory and institutional steps are needed to integrate new aquaculture technologies with export market quality standards?
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