HomeBusinessGovt. Shows Green Flag to Aquaculture Sector: Upcoming Investments for the Fish...

Govt. Shows Green Flag to Aquaculture Sector: Upcoming Investments for the Fish Farming Industry!!

Fish farming industry: The Government is looking forward to inspiring and expanding the fishing industry. These will effectively contribute to the national agenda of enhancing food and nutrition availability. The Fishing and Aquaculture Development strategy will primarily focus on instigating the fishing industries and the workers involved in the fish farming industry.

Fish Farming: A Growing Industry

The fish farming industry is a flourishing industry and its impact is highly appreciated by the government as well. Community gardens with fish ponds and dams are underway giving birth to many fish spots. The industry will grow and generate a potential commercial hub in the future.

Fish Farming
Source: Statista

Increase in Fish Production

The Government has increased the number of fish ponds by 29% making it to 7,247 ponds from 5,634 ponds in 2022. The officials said on Tuesday that fish production has substantially increased 21 times since India got independent in 1947.

Lok Sabha Minister for Fisheries, Animal Husbandry, and Dairying Parshottam Rupala said in his written report that- the total production through fish farming has created a gradual profit from 7.52 lakh tonnes in 1950-51 to 162.48 lakh tonnes in 2021-22.

Govt. Schemes for Fish Farming Industry

Rupala further said that the government is recently forging a flagship scheme Pradhan Mantri Matsya Sampada Yojana. The scheme will allow investment of Rs 20,000 crore rupees in the fish farming sector. The scheme has been in effect since 2020-21.

Fish farming is an efficient business and it can grow efficiently if operated effectively. The Presidential Fisheries Program will introduce 1,200 dams across the country. Under the scheme, 50,000 fingerlings will be released into each dam by 2025.

According to CIEC data, Fish production reported in the year 2022 measured around 16,248.000 Ton which is 10% more compared to the previous number of 14,725.000 Ton in 2021. The data has reached an all-time high in 2022. The all-time low was measured in 1983 measuring at just 2,367.000 Ton.

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