Fisheries & Aquaculture

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