The FAO report ‘State of World Marine Fishery Resources – 2025’, released at the UN Ocean Conference, presents the most detailed assessment of global marine fisheries. It shows 64.5% of stocks are sustainably fished, with notable success in the Pacific and Antarctic regions. However, challenges remain in areas with weak...
India is facing a severe environmental and economic crisis due to untreated wastewater polluting its rivers and oceans. A recent global study has revealed that this pollution costs India’s fisheries sector over US$ 2.2 billion annually, while also threatening public health, agriculture, and food security. India’s fisheries sector suffers an...
The Ministry of Fisheries has introduced new guidelines to promote the import of premium seaweed seed material, addressing raw material shortages and fostering a sustainable seaweed sector. With plans to integrate the industry under priority sector lending and insurance schemes, the initiative aims to boost livelihoods, increase production, and support...
Seaweeds are microscopic algae that occur on rocky shorelines and in marine and shallow coastal waters. These are the “wonder plants of the sea,” a new, renewable source of food, energy, chemicals, and medications with a wide range of uses in industry, agriculture, biomedicine, and personal care. In 2022, the...
Technology can play a catalytic role in the emergent transformation of the fisheries production and trade. Although, standalone initiations in this regard may not be fruitful, a holistic approach that keeps modernising production and sales as a core focus area remains pertinent. India is the second largest producer of fish...
Vijay Kumar Yaragal, Executive Director, National Fisheries Development Board, discusses major challenges confronting Indian seafood exporters including logistical issues like shortage of containers, expensive flight connectivity, sluggish demand in overseas markets, stiff international competition, and lack of diversification of export markets. Over the last few decades, India has managed to...
Dr. Arpita Mukherjee, ICRIER, states that India needs to ensure food safety and standards and diversify the type of seafood products exported. We also need to study how the demands for fisheries products are changing in the importing countries. She also adds that there is a need to have more...
Jagdish Fofandi, National President of Seafood Exporters Association of India, opines that the domestic fisheries industry would have been at an advantage, had we been included in the RCEP idea since India is not a large-scale importer of seafood and India faces stiff competition from competitors like Vietnam, Thailand, Indonesia....
Sustainable small-scale fisheries could be a major step towards attaining self-sufficiency and sustainability for India’s marine products sector. However, given the buy low-sell high dynamics of the sector and the post-pandemic impact, these fisheries require well-directed support through initiatives likes restructuring of loans, value addition and aggregation into FPOs. The...
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