In a significant move to revolutionize the fisheries sector in India, the Union Cabinet has approved the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY). This Central Sector Sub-scheme, falling under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), aims at formalizing the fisheries sector and supporting micro and small enterprises with...
India is capitalizing on its competitive edge in the fisheries sector by implementing rigorous quality standards and adhering to global regulations, rendering its aquatic products appealing to international markets. Government incentives supporting export-oriented production and collaborations with nations having robust seafood consumption serve as driving forces in this endeavour. A...
The RCEP region is an important market for Indian fisheries exporters. But even in the absence of the deal, India can explore other options to engage with RCEP nations to boost its fisheries exports. But this also necessitates boosting India’s fisheries infrastructure and taking steps to improve industry competitiveness. India’s...
Chalasani Bhaskar, Agri ESG entrepreneur opines that before venturing into FTAs, India needs to invest in infrastructure including harbors, logistics and skilling centers. This will get fishermen to be efficient, productive & regulation compliant to remain viable, bankable and competitive. IBT: What impact will India’s decision to stay out of...
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