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Fisheries & Aquaculture
Fueling the Future of Global Protein Demand
India recorded the highest-ever export of 1.73 MMT worth $ 8.09 Bn in FY 2022-23 of fisheries and fisheries products. The fisheries and aquaculture sector shall play a vital role in addressing the rising global demand for an affordable quality source of protein.
India is the third largest fish-producing country in the world accounting for 8% of global production and contributing about 1.1% and over 6.72% to the country’s GVA and agricultural GVA respectively. India is the 4th largest exporter of fish and fisheries products with a growth in exports of 26.73% in terms of quantity between FY 2021-22 and FY 2022-23. In terms of employment, the sunrise sector supports the livelihood of over 28 Mn people in India.
The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying has implemented a flagship scheme “Pradhan Mantri Matsya Sampada Yojana (PMMSY)- to bring about Blue Revolution through sustainable and responsible development of the fisheries sector in India” with the highest ever investment of INR 20,050 Cr for a period of five years effective from FY 2020-21 till FY 2024-25 in all States/Union Territories (UTs).
India’s top 5 export destinations for fish and fish products are USA, China, European Union, Southeast Asia, Japan and the Middle East.
- 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 in FY 2021-22
- The sector provides livelihood to more than 28 Mn people along the value chain.
- 4th Largest Fish Exporting Country with exports worth $ 8.09 Bn in FY 2022 - 23
- Per capita consumption of fish is 6.31 kg per capita
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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Increase (value terms) in marine product exports from 2013-14 to 2021-22
- %
Annual growth rate of fish production from 2020-21 to 2021-22
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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
Industry Scenario
Frozen Shrimp, earning US$ 5.48 bn (FY 2022-23) - Top Seafood Export Item 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:
- The sector has reached record fish production of 16.25 MMT in FY 2021-22.
- 12.12 MMT Inland Fisheries production during FY 21-22.
- 4.13 MMT Marine Fisheries production in FY 21-22.
- $ 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 the development of Ornamental Fisheries are West Bengal, Tamil Nadu, Maharashtra, Kerala, Odisha, Gujarat, Karnataka, Assam and Manipur.
- 1,547 notified landing centers and 193 fish landing centres have been commissioned.
- 682 cold storages with 466,973.27 MT of capacity.
- 44 Chilled Storages with 23,654.80 MT of capacity.
- 88 Dry Fish Storages with 38,895.92 MT of capacity.
- 622 processing plants with 35,830.63 MT of capacity.
- 67 minor fishing harbours, 7 major fishing harbours have been commissioned.
Union Budget 2023 Highlights
- A new sub-scheme of Pradhan Mantri Matsya Sampada Yojna(PMMSY) named Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) to be launched
- Target investment of INR 6000 Cr to enhance the earnings and incomes of fishermen, fish vendors, and micro & small enterprises engaged in the fisheries sector.
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 Mn 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 20,050 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 Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) a new sub-scheme under PMMSY, announced with targeted investment of INR 6,000 crore to further enhance the livelihood of the stakeholders engaged in the fisheries sector.
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)
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