In­dia’s fish­eries pro­duc­tion could reach 16 MMT by 2019

Rural & Marketing - - UPDATES -

Urg­ing the gov­ern­ment to dou­ble the out­lay of Rs 3,000 crore for development and man­age­ment of fish­eries sec­tor, in­dus­try body ASSOCHAM said that In­dia could achieve about 16 mil­lion met­ric tonnes (MMT) of inland and marine fish­eries’ pro­duc­tion by 2019-20, thereby adopt­ing a tar­get ori­ented ap­proach to achieve 8 per­cent growth year-on-year.

“Aided by gov­ern­ment’s ef­forts to bring sys­temic changes in pro­cess­ing sec­tor, the do­mes­tic seg­ment in raw and pro­cessed fish­eries sec­tor in value terms is ex­pected to touch Rs 1.5 lakh crore by 2020 and to­tal do­mes­tic re­tail mar­ket is fore­cast to cross Rs 61 lakh crore or al­most triple in next 4-5 years,” noted an ASSOCHAM study ti­tled ‘Fish­eries in In­dia: Po­ten­tial & prospects; Ref­er­ence state – West Ben­gal.’

“Thus cou­pled with ex­ports, fish­eries sec­tor in In­dia should aim at a tar­get of Rs 200,000 crore by 2020 in value terms,” the study says.

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