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Fisheries & Aquaculture
Fueling the Future of Global Protein Demand
World population is expected to reach 9.8 billion 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 3rd largest producer of fish in the world and about 68% of India’s fish comes from the aquaculture sector. Moreover, India stands as the largest producer and exporter of culture shrimp in the world with exports worth $ 4.89 billion in FY2019.
India’s top export destinations for fish and fish products are China, USA, Southeast Asia, European Union, and Japan.
- India exported a total of $6.7 bn worth of fish and fish products in FY 2019
- India has seen a 19X increase in fish production from 0.75 MMT in FY 1950 to 14.16 MMT in FY 2019
- 74% of fish production was contributed by inland fisheries and the rest 26% was contributed by marine fisheries in FY2019
- 28 mn fishers and fish farmers are engaged at a primary level in the fisheries and aquaculture sector
100% FDI is allowed under the automatic route in pisciculture and aquaculture sector in India
For further details, please refer FDI Policy
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Contribution of Aquaculture in India’s fish production in 2019
- %
Average Annual Growth Rate of the sector in FY 2019
- %
Contribution of the sector in Agriculture GVA in FY 2019
Largest culture shrimp producer and exporter
2nd largest aquaculture producing country
3rd largest fish producing country
- Industry Scenario
- FOREIGN INVESTMENT
- INDUSTRY TRENDS
- POLICIES & SCHEMES
Industry Scenario
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:
- 10.43 MMT Inland Fisheries production in FY 2019
- 3.72 MMT Marine Fisheries production in FY 2019
- $1.56 mn Export of Ornamental Fisheries in FY 2019
- Top exporting destination for Ornamental Fisheries: Thailand; UAE; Singapore; Hong Kong; China; Jordan; Taiwan
- States with major breeding units for Ornamental Fisheries: Tamil Nadu; Maharashtra; Kerala; Rajasthan; Madhya Pradesh; Himachal Pradesh; West Bengal
- 1548 total fish landing centres
- 654 Cold Storages with 402,949.38 MT of capacity
- 42 Chilled Storages with 23,267.80 MT of capacity
- 90 Dry Fish Storages with 30,151.92 MT of capacity
GROWTH DRIVERS
Demand-side drivers
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.
Supply-side drivers
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 million sq.km EEZ & underutilized inland waters offer a huge potential.
Policy support
Fisheries and Aquaculture Infrastructure Development Fund (FIDF)- INR 7522.48 Cr. Pradhan Mantri Matsya Sampada Yojana (PMMSY)- INR 20,500 Cr. Production Linked Incentive Scheme for Food Processing Industry- INR 10900 Cr. FDI Policy- 100% FDI allowed through automatic route in Pisciculture and Aquaculture.
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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)
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