Snapshot

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 2nd largest producer of fish in the world and about 68% of India’s fish comes from the aquaculture sector. In terms of employment, the sector supports the livelihood of over 28 mn people in India especially the marginalized and vulnerable communities. Export earnings from the fisheries sector was $6 bn during 2020-21. 

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 crore 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 export destinations for fish and fish products are China, USA, Southeast Asia, European Union, and Japan. 

  • Fisheries sector has demonstrated an outstanding double-digit average annual growth of 10.87 per% since 2014-15 with record fish production of 145 lakh tons in FY 2020-21 (provisional)
  • 74% of fish production was contributed by inland fisheries and the rest 26% was contributed by marine fisheries in FY2020
  • 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

  • %

    Contribution of Aquaculture in India’s fish production in 2020

  • %

    Average Annual Growth Rate of the sector in FY 2020

  • %

    Contribution of the sector in Agriculture GVA in FY 2020

Largest culture shrimp producer and exporter 

2nd  largest aquaculture producing country

2nd largest fish producing country in the world accounting for 7.56% of global production

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 2020 
  • 3.72 MMT Marine Fisheries production in FY 2020
  • $1.56 mn Export of Ornamental Fisheries in FY 2020
  • 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
  • Fishing Harbours Under Sagarmala - Ministry has sanctioned 17 fishing harbour projects worth INR 1740.26 Crore under Sagarmala Programme.

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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