India’s fisheries sector plays a vital role in the country’s economy, ranking as the second-largest producer of fish and aquaculture globally. With seafood exports valued at an impressive ₹ 60 thousand crore, the sector presents immense growth potential. Recognizing this, the Government of India has placed a strong emphasis on enhancing fisheries through a comprehensive and sustainable framework in the Union Budget 2025.
Key Highlights of Budget 2025 for Fisheries
- Sustainable Harnessing of Marine Resources
To tap into the vast untapped potential of the marine sector, the government is set to introduce an enabling framework aimed at sustainable harnessing of fisheries from the Indian Exclusive Economic Zone (EEZ) and High Seas. This initiative will ensure responsible fishing practices while enhancing productivity and sustainability. - Strategic Focus on Island Ecosystems
Special attention has been given to boosting fisheries in the Andaman & Nicobar and Lakshadweep Islands. These regions hold significant potential for deep-sea fishing, mariculture, and seafood processing industries. The budget allocates resources for infrastructure development, including modernized fishing harbors and cold storage facilities to support the sector’s growth. - Investment in Technology & Modernization
The 2025 budget underscores the need for modernization in the fisheries sector. Increased investments will be directed towards digital tools for fish tracking, advanced breeding techniques, and scientific research on sustainable fishing methods. This will help enhance productivity while ensuring the conservation of marine biodiversity. - Strengthening Infrastructure & Logistics
To boost exports and improve the supply chain, the government has proposed the development of new fisheries clusters, cold storage units, and better transportation facilities. These initiatives aim to reduce post-harvest losses and ensure higher income for fishers and seafood processors. - Support for Traditional and Small-Scale Fishers
The budget outlines special financial schemes and subsidies for small-scale fishers, enabling them to adopt modern fishing equipment and improve their livelihoods. Additionally, skill development programs will be introduced to empower coastal communities and ensure their active participation in the sector’s growth. - Blue Economy and Sustainable Development
With a growing focus on the ‘Blue Economy,’ the government is set to promote sustainable fishing practices that align with environmental conservation goals. This includes initiatives to combat illegal, unreported, and unregulated (IUU) fishing and ensure long-term sustainability in marine ecosystems.
The Budget 2025 reflects the government’s commitment to unlocking the full potential of India’s fisheries sector. By promoting sustainable fishing, investing in modern infrastructure, and providing support to traditional fishers, this budget is poised to drive economic growth while safeguarding marine resources. With these strategic initiatives, India is well on its way to solidifying its position as a global leader in fisheries and aquaculture.
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