Fisheries & Aquaculture
Fueling the Future of Global Protein Demand
World population is expected to reach 9.8 Bn in 2050, implying a further increase in pressure on the existing food resources. Aquaculture sector can play a vital role in feeding the rising global demand for protein.
India is the third largest fish producing country in the world accounting for 8% of global production and contributing about 1.09% to the country’s GVA and over 6.72% to the agricultural GVA and the 4th largest exporter of fish and fisheries products taking Brand India from Local to Global. In terms of employment, the sector supports the livelihood of over 28 Mn people in India especially the marginalized and vulnerable communities. India recorded highest export of 1.36 MMT worth $ 7.76 Bn in FY 2021-22.
The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying is implementing a flagship scheme “Pradhan Mantri Matsya Sampada Yojana (PMMSY)- A scheme to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India” with highest ever investment of INR 20,050 Cr for a period of five years with effect from the financial year 2020-21 to 2024-25 in all States/Union Territories (UTs).
India’s top 5 export destinations for fish and fish products are USA, China, Japan, Vietnam and Thailand.
- Fisheries sector has demonstrated an outstanding 8% average annual growth rate from FY 2013 – 14 to 2021-22 with record fish production of 16.25 MMT in FY 2021-22.
- 75% of fish production was contributed by inland fisheries and the rest 25% was contributed by marine fisheries in FY 2021-2022
- India has seen more than 22X increase in fish production from 0.75 MMT in 1950-51 to 16.25 MMT during 2021-22
- The sector provides livelihood to more than 28 Mn people along the value chain.
- 4th Largest Fish Exporting Country with exports worth $ 7.76 Bn in FY 2021 - 22
100% FDI is allowed under the automatic route in pisciculture and aquaculture sector in India.
For further details, please refer FDI Policy
Increase (value terms) in marine product exports from 2013-14 to 2021-22
Growth rate of fish production from 2020-21 to 2021-22
Average annual growth rate of the fisheries sector in last 8 years
1st in inland capture fish production
2nd in aquaculture fish production
3rd in overall Fish production
- Industry Scenario
- FOREIGN INVESTMENT
- INDUSTRY TRENDS
- POLICIES & SCHEMES
Frozen Shrimp and Frozen Fish- Top Marine Exports of India
With the rising population, stress on existing resources is increasing tremendously to meet the growing demand for nutritional diet. Fisheries and Aquaculture sector plays a vital role in meeting this growing demand for protein.
India Specific Key Facts:
- 12.12 MMT Inland Fisheries production during FY 21-22.
- 4.13 MMT Marine Fisheries production in FY 21-22.
- The sector has reached record fish production of 16.25 MMT in FY 2021-22.
- $ 4.54 Mn export of ornamental fisheries in FY during 2021-2022.
- Top exporting destination for Ornamental Fisheries: Thailand; UAE; Singapore; Hong Kong; China; Jordan; Taiwan.
- The potential states identified for development of Ornamental Fisheries are West Bengal, Tamil Nadu, Maharashtra, Kerala, Odisha, Gujarat, Karnataka, Assam and Manipur.
- 1,548 total fish landing centers.
- 678 cold storages with 439,088.27 MT of capacity.
- 45 Chilled Storages with 24,194.80 MT of capacity.
- 93 Dry Fish Storages with 39,481.92 MT of capacity.
- 627 processing plants with 36,566.08 MT of capacity.
- Under Blue Revolution, PMMSY and FIDF, 69 fishing harbors and fish landing centers worth INR 7229 Cr have been taken up since 2015.
Union Budget 2023 Highlights
- A new Sub-scheme of PM Matsya Sampada Yojna to be launched
- INR 6000 Cr is the targeted investments to enable activities of fishermen, fish vendors and micro & small enterprises
Fish is an affordable and rich source of protein, minerals and vitamins Changing lifestyle and food habits towards animal-based diet. Increasing demand for protein due to rising population.
Rich and diverse set of water resources implying diverse fisheries resources. 10 % of the global biodiversity in terms of fish and shellfish species found in India. 2.02 Mn sq.km EEZ & underutilized inland waters offer a huge potential.
Fisheries and Aquaculture Infrastructure Development Fund (FIDF)- INR 7522.48 Cr. Pradhan Mantri Matsya Sampada Yojana (PMMSY)- INR 20,050 Cr. Production Linked Incentive Scheme for Food Processing Industry- INR 10,900 Cr. FDI Policy- 100% FDI allowed through automatic route in Pisciculture and Aquaculture.
Industrial Land Bank Portal
GIS - based map displaying available infrastructure for setting up business operations in the state.
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Invest India closely works with
Government Ministry/ Department
- Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying, Government of India
- Ministry of Food Processing Industries (MOFPI), Government of India
- Marine Products Export Development Authority (MPEDA)
- National Fisheries Development Board (NFDB)
- National Institute of Fisheries Post Harvest Technology and Training (NIFPHATT)
- Coastal Aquaculture Authority (CAA)
- Rajeev Gandhi Centre for Aquaculture (RGCA)
- The Indian Council of Agricultural Research (ICAR)
New India Timeline @2047
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