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Aquaculture Farmer Trout
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From Cardamom Fields to Trout Triumph: The Inspiring Journey of Premier Aquaculturist, Prem Kumar Rai

In the picturesque state of Sikkim in northeastern India, a transformative tale of aquaculture success unfolds as Prem Kumar Rai, a 45-year-old farmer, emerges as a trailblazer in rainbow trout farming. Rai’s journey, chronicled through an insightful interview, sheds light on his evolution from cultivating cardamom to becoming a thriving fish farmer, earning accolades and recognition from the state government. In 2012, seeking new avenues and spurred by the active promotion of rainbow trout farming by the Indian fisheries department, Rai transitioned from cardamom cultivation to fish farming. Armed with a modest investment of Rs 50,000 ($611), 2,000 fingerlings, and essential training from the fisheries department, Rai embarked on a journey that would redefine his livelihood. The initial challenges were substantial, with only 300 fingerlings surviving due to Rai’s limited knowledge of fish farming. Despite this, the first year yielded a profit of around Rs 40,000 ($488), showcasing Rai’s determination and adaptability. Addressing the intricacies of trout farming, Rai shares insights into combating diseases, particularly fungal infections, which contribute to a mortality rate of around 30 percent. Quick thinking and the addition of salt are essential to prevent loss if fins turn white—a testament to Rai’s hands-on expertise. The interview unveils the harsh realities Rai faced, with significant losses totaling Rs 9 lakhs ($11,000) in 2015, 2018, and 2021 due to water supply disruptions. Undeterred, Rai perseveres, ensuring the daily care of his trout farm from dawn till dusk, even facing the challenges of potential theft. Rai’s commitment to growth is evident in his annual production, boasting 600 broodstock and 100,000 juveniles this year, with plans to reach 300,000 by the next. Despite the challenges, Rai remains focused on expanding his business, envisioning a small hatchery to further contribute to the aquaculture sector. Acknowledging the support from the state fisheries department, Rai expresses gratitude for the assistance that led to his recognition as the state’s best trout farmer in 2020 and the recipient of the state’s best fish farmer award on World Fisheries Day last year. Rai’s ultimate ambition reflects his entrepreneurial spirit—expanding his business and establishing a hatchery. However, he highlights the need for government schemes to consider small farmers and provide tailored funding. In closing, Rai extends advice to aspiring fish farmers, emphasizing the tremendous scope and income prospects in the sector. His story serves as an inspiring testament to the transformative power of aquaculture, showcasing how one farmer’s resilience and dedication can create a ripple effect of success in the thriving landscapes of India’s pisciculture.

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Aquaculture Research Shrimp
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MPEDA’s Pioneering Efforts: Revitalizing India’s Shrimp Aquaculture with Black Tiger Shrimp

In recent years, India’s shrimp aquaculture landscape has witnessed a shift, with the traditional black tiger shrimp, once a flagship species, making a remarkable comeback. Despite the dominance of the vannamei shrimp in global production, the black tiger shrimp, scientifically known as Penaeus monodon, is gaining renewed attention, thanks to strategic initiatives by the Marine Products Export Development Authority (MPEDA). Historically, black tiger shrimp held a prominent position in Indian aquaculture. However, challenges such as disease outbreaks and the allure of the high-yielding vannamei shrimp led to a decline in black tiger shrimp cultivation. Recognizing the potential and responding to the demands of exporters and farmers, MPEDA has taken bold steps to revive the farming of black tiger shrimp on a large scale. The Multi-Species Aquaculture Complex facility at the Valar Partum Island of Kochi, managed by the Rajiv Gandhi Centre for Aquaculture (RGCA), a research wing of MPEDA, stands as a testament to India’s commitment to revitalizing its shrimp aquaculture industry. This state-of-the-art complex boasts a 20 million capacity hatchery for black tiger shrimp post larvae, along with nurseries producing 1.65 million fingerlings of various fin fish and shellfish species, including sea bass, cobia, genetically improved farmed tilapia, and silver pompano, as well as 0.5 million crab lots of mud crab. One of the critical challenges addressed by MPEDA is the supply of quality seeds. The shortage of good quality black tiger shrimp seeds led traditional farmers to resort to poor quality seeds, impacting farm productivity. The newly established facility carefully selects breeders to produce healthy seeds, which undergo rigorous testing for shrimp pathogens, ensuring the delivery of disease-free and robust seed stock to farmers. The success of MPEDA’s initiative is evident in the overwhelming demand for quality seeds, surpassing the facility’s current capacity. This not only highlights the eagerness of the farming sector for reliable seed sources but also emphasizes the pivotal role MPEDA plays in supporting farmers. MPEDA’s approach goes beyond just reviving black tiger shrimp farming; it aims to energize and diversify aquaculture in India on a large scale. The model implemented in Kerala is seen as a potential template for replication in other states, showcasing the adaptability and scalability of this initiative. Moreover, as global attention turns towards sustainable and low-density alternatives to intensive shrimp production, black tiger shrimp emerges as a lucrative option. The species, relished in overseas markets such as the European Union, the USA, China, and Japan, offers a valuable niche market that complements the dominant vannamei shrimp. In conclusion, MPEDA’s proactive measures and the establishment of cutting-edge facilities underscore India’s determination to regain its position as a key player in the global shrimp aquaculture industry. The revival of black tiger shrimp aligns with India’s commitment to sustainable and diversified aquaculture practices, setting the stage for a prosperous future for the country’s shrimp farmers and exporters.

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Fisheries News
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Union Minister Advocates Research and Investment for Advancing Deep-Sea Fishing in India

Union Minister of State for Fisheries, Animal Husbandry, and Dairying, L Murugan, has underscored the crucial role of research and design in upgrading fishing vessels to unlock the potential of sustainable deep-sea fishing. Speaking at the Global Fisheries Conference India 2023 in Ahmedabad, Murugan highlighted the global demand for tuna fish and India’s capacity to increase its tuna fishing, emphasizing the need for technological advancements. To support traditional fishermen in this endeavor, the government is offering up to 60% financial assistance for converting vessels into deep-sea fishing boats, coupled with loan facilities. Murugan stressed the importance of modern fishing vessels equipped with in-built processing facilities to meet international quality standards for deep-sea fishing. Recognizing the current limitations of traditional fishermen, he assured the government’s commitment to bridging this gap. During another session, Simon Feunge-Smith, a senior fishery officer at the Food and Agriculture Organisation (FAO) of the UN, highlighted a 37% increase in per capita fish consumption worldwide over the last 25 years. He called for enhanced blue finance to address critical threats posed by climate change and rising food demand, citing Asia’s contribution of 89% to global aquaculture production. Deep-sea fishing, conducted beyond the territorial waters and within the exclusive economic zone, presents a significant opportunity. World Bank consultant Arthur Neiland emphasized the untapped potential of yellowfin and skipjack tunas in India’s exclusive economic zone, with a harvest estimate of 179,000 tonnes, yet only 12% utilization. Neiland stressed the necessity for public and private sector investment in deep-sea fishing, envisioning economic, social, and environmental benefits. As India aims to bolster its position in the global fishing landscape, the call for research, technological innovation, and strategic investments becomes paramount in ensuring sustainable and lucrative deep-sea fishing practices.

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Farmer Fisheries News
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Uttar Pradesh’s Transformative Journey in Inland Fisheries: PM Matsya Sampada Yojana Unleashes Growth

Uttar Pradesh’s fisheries sector has undergone a remarkable transformation, propelled by the effective implementation of 31 schemes under the visionary PM Matsya Sampada Yojana. The state, under the leadership of Chief Minister Yogi Adityanath, has witnessed unprecedented progress, securing its position as a frontrunner in the realm of inland fisheries. Minister Sanjay Nishad, the driving force behind these initiatives, proudly announced that a staggering ₹150 crore has been disbursed to beneficiaries as part of these schemes. This financial infusion has not only bolstered the livelihoods of fish farmers but has also contributed significantly to the overall economic growth of the state. A testament to Uttar Pradesh’s commitment to excellence in the fisheries sector is the recent accolade received at the Global Fisheries Conference 2023 in Ahmedabad. The state was honored with the prestigious Best State-Inland Fisheries Award, a recognition of its outstanding achievements in the field. The fisheries department’s elevation to a cabinet minister’s portfolio by the Yogi government underscores its strategic importance. This move reflects a proactive approach to boosting the sector, signaling a comprehensive commitment to its sustainable development. In the last six-and-a-half years, Uttar Pradesh has made substantial strides in fish farming, with the annual fish production escalating from 8 lakh metric tonnes to an impressive 9.1 lakh metric tonnes. Similarly, fish seed production has witnessed a significant rise, surging from approximately 27,128 lakh metric tonnes to an impressive 36,187 lakh metric tonnes. One of the key projects under the PM Matsya Sampada Yojana is the ongoing construction of an ultra-modern fish mall in Chandauli, valued at over ₹62 crore. This state-of-the-art facility will further enhance the processing and marketing capabilities of the fisheries industry, positioning Uttar Pradesh as a hub for innovative and sustainable practices. Noteworthy is the comprehensive insurance scheme tailored for fish farmers, covering a spectrum of risks, from accidents to injuries. Over one lakh fish farmers have availed themselves of this scheme, receiving monetary assistance of ₹5 lakh to families in case of fatalities and ₹2.5 lakh for those facing disabilities. The scheme’s inclusivity also extends to cover injuries sustained by fish farmers during their endeavors. The Global Fisheries Conference showcased Uttar Pradesh’s commitment to fostering a thriving and sustainable inland fisheries industry. The state’s active engagement in 31 projects, including ambitious fish ranching initiatives across rivers in 68 districts, underscores its dedication to holistic development. As a beacon of progress, Uttar Pradesh’s fisheries sector is not just about numbers; it represents a holistic approach to community welfare, economic development, and environmental sustainability. The state’s recognition as the Best State-Inland Fisheries is a testament to its unwavering dedication to fostering a thriving and sustainable inland fisheries industry. In conclusion, Uttar Pradesh’s fisheries success story stands as a model for effective governance, strategic planning, and inclusive growth. With a commitment to innovation and sustainability, the state paves the way for a brighter future for its fish farmers and the entire inland fisheries ecosystem.

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Fisheries News
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Kerala’s Fisheries Triumph: A Beacon of Sustainable Development and Community Prosperity Takes Center Stage at IITF Trade Fair 2023

New Delhi: The Department of Fisheries in Kerala garnered widespread acclaim at the India International Trade Fair (IITF) 2023, where it showcased the state’s commitment to sustainable development and the well-being of its fishing communities. Led by Minister Saji Cherian, the department envisions “Blissful fishers and a healthy community.” Renowned as God’s own country, Kerala, with its extensive 590 km coastline and diverse waterbodies, assumes a pivotal role in ecological diversity and livelihood. The Department of Fisheries, helmed by the Director of Fisheries, is unwavering in its dedication to the sustainable development of fisheries in both marine and inland sectors. The fisheries sector significantly contributes to Kerala’s GDP, with marine product exports reaching a remarkable Rs 5919.02 Crores in 2017-18. Supporting a vast population, 222 fishing villages in the marine and 113 fishery villages in the inland sector provide livelihoods, contributing significantly to the socio-economic fabric. Collaboration among executive officers under the department, including Kerala State Cooperative Federation for Fisheries Development Ltd (Matsyafed), Agency for Development of Aquaculture, Kerala (ADAK), and others, propels the department’s mission. This mission encompasses resource conservation, nutritional security, socio-economic development, safety for the fishing community, infrastructure development, and effective extension services to society. At the IITF Trade Fair 2023, Kerala’s fisheries stood out with a showcase emphasizing innovation, conservation, and community well-being. Visitors were captivated by the vibrant display of aquatic diversity and success stories of sustainable fisheries. Mr. Narendra Jha, a visitor, praised Kerala’s fisheries stall, stating, “The fisheries stall reflects the rich heritage and potential of Kerala’s fishery sector. It’s a testament to the state’s dedication to sustainable practices and community welfare.” The success at the IITF Trade Fair 2023 underscores Kerala’s leadership in fisheries, embodying the mission of “Blissful fishers and a healthy community” in every facet of its endeavors.

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Export International Shrimp
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Global Shrimp Prices Stabilize at Unsustainable Levels, Putting Farmers Under Pressure

The global shrimp market is facing a challenging situation as prices stabilize at “unfavorably low levels,” leading to financial hardships for many farmers. This trend is particularly evident in India, where raw vannamei exports averaged USD 6.32 (EUR 5.80) per kilo in September, marking a significant decline from USD 7.54 (EUR 6.92) in September 2022 and USD 6.55 (EUR 6.01) in July 2023. While there was a slight uptick from the USD 6.29 (EUR 5.77) recorded in August 2023, overall prices remain at concerningly low levels. Several factors are contributing to this downward pressure on shrimp prices. One key factor is the weakening of the Chinese market, which has been impacted by economic challenges such as stalled real estate development, defaulting developers, and falling home prices. These issues have dampened demand for shrimp in China, a significant consumer of the seafood. Despite cooling inflation, the U.S. market has shown some signs of recovery, importing more shrimp year-over-year in August and September. However, this increase in U.S. imports has not been enough to offset the decline in demand from China. The prolonged low prices are putting immense strain on shrimp farmers, pushing many into loss-making situations. The Shrimp Insights Founder Willem van der Pijl highlights the severity of the situation, stating, “Prices are ‘quite low,’ pushing many farmers into a loss-making situation.” The International Monetary Fund (IMF) has also expressed concerns about the Chinese economy’s impact on global shrimp markets. In its November World Economic Report, the IMF downgraded its growth expectations for China, citing the troubled property sector as a significant risk factor. The IMF’s report also noted that China’s government has been hesitant to introduce substantial fiscal stimulus measures to boost growth, further clouding the outlook for the shrimp industry. The Chinese Aquatic Producers Promotion and Marketing Association (CAPPMA) Secretary General Cui He acknowledged the challenges facing the Chinese shrimp industry, stating, “China is currently facing a complex and volatile international economic environment.” The stabilization of global shrimp prices at unfavorable levels poses a significant threat to the livelihoods of shrimp farmers worldwide. As the situation continues to unfold, it is crucial for industry stakeholders and policymakers to work together to find solutions that support the sustainability of shrimp farming and protect the livelihoods of those who depend on it.

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Conservation Research Technology
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WWF Launches Groundbreaking Oceans Futures Program to Avert Global Fish Wars

In a proactive response to a staggering 20-fold surge in fisheries conflict over the past four decades and a forecasted 23 percent shift in global fish stocks due to climate change, the World Wildlife Fund (WWF) has unveiled the revolutionary Oceans Futures program. Launched at The Halifax International Security Forum on November 18, the initiative aims to pinpoint regions at risk of maritime conflict and food insecurity caused by climate-driven fisheries migration. Oceans Futures has already identified potential hotspots, including the Arctic Ocean, the Gulf of Guinea, the Eastern Mediterranean, the Eastern Tropical Pacific, and the Central Pacific. Additionally, 20 global regions, including waters bordering Cameroon, Syria, Ecuador, Indonesia, and Micronesia, are predicted to experience heightened conflict, food insecurity, or geopolitical tensions related to fisheries by 2030. Utilizing a fusion of fisheries movement data and socio-economic and security information, such as nutrition profiles, economic status, foreign fishing vessel presence, and contested maritime borders, the platform provides a comprehensive analysis. This data-driven approach allows Oceans Futures to be an early warning system, assisting countries and international bodies in identifying opportunities for coordinated action on priority conservation and conflict-prevention efforts. Johan Bergenas, WWF Senior Vice President for Oceans, emphasized the program’s potential impact: “We have a unique opportunity to predict and prevent future fish wars that will have devastating impacts on people and nature. In launching Oceans Futures, we are bringing together the partners, the science, the data, and the solutions to deliver a more sustainable and peaceful future.” Admiral Paul Zukunft (Retired), the 25th Commandant of the U.S. Coast Guard, highlighted the significance of the program in addressing the geopolitical consequences of depleting global fish stocks: “Oceans Futures will be the go-to handbook for nations around the globe to chart a new course for the future security and environmental stability of our oceans and the world.” Key partners in the Oceans Futures initiative include the Environmental Defense Fund (EDF), the International Conservation Caucus Foundation (ICCF), and Ode Partners. Sherri Goodman, International Military Council on Climate and Security Secretary General, and Woodrow Wilson International Center Senior Fellow, emphasized the interconnectedness of climate change and national security: “With the Oceans Futures initiative, the international community will be able to visualize how these challenges are impacting fisheries and the lives of key coastal communities, encouraging us to come together and take action to preserve these vitally important resources.” In unveiling this pioneering initiative, WWF seeks to provide nations across the globe with the tools and insights necessary to forge a sustainable and secure future for our oceans and the communities that depend on them.

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Job
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110

City Operation Manager – Meat and Seafood Business

Job Notification Job Title City Operation Manager – Meat and Seafood Business Company Bask HR Consulting Pvt ltd Location Bengaluru, Karnataka, India Job Type On-site Employment Type Full-time Experience Level Mid-Senior level About the Company Bengaluru based meat and seafood company Licious was founded in 2015 by Abhay Hanjura and Vivek Gupta. It is now India’s most successful D2C foodtech brand. Responsibilities Put your captain’s hat on and take end-to-end ownership of key metrics, team up with our hub Captains to deliver great delivery experience to our customers. Lead, Mentor and Coach the team enabling them to step up above and beyond their current roles and grow further Up the game on efficiency and cost as you lead the P&L, moving levers that bring out speed and quality. Team up with Marketing folks to bring the freshest and best meat to the doorsteps of more and more meat lovers, in current and new markets. Define key metrics, mapping product performance to customer and business success. Become the mastermind behind our next big breakthrough. Invent new processes and build systems that keep raising the bar of performance Geek out with our Operations Excellence team to push the frontiers of tech in delivery and customer service. Qualifications Have 6- 15 years of experience under your belt, preferably in an e-commerce company’s last mile operations Are energized by developing people, building great managers and leaders out of your people Have a penchant for leadership, cross functional collaboration, and large-scale people management Identify, build, and use a wide network of contacts with people at all levels, internally and externally Are a self-starter, entrepreneurial attitude with high level of ownership Are a competent decision-maker with the ability to create and execute a strategic plan for a region Are customer obsessed, you should constantly be on the lookout to find pain points and solve them ground up Individual willing to roll up their sleeves and get the hands dirty Proven track record of working closely with multiple stakeholders from HR, Business and Finance to drive a data driven culture A high agency individual with an ability to deliver stretch goals in an ambiguous, innovative, & fast-paced environment Last but not the least, excellent written and verbal communication skills How to Apply CLICK HERE TO APPLY

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Job
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126

Technicians for Shrimp Farms

Job Title Technicians for Shrimp Farms Company AquaBeats Location Rajahmundry, Andhra Pradesh, India About the job Aquabeats is focused on developing sustainable seafood and aquaculture supply chains through collaborative efforts. Our goal is to empower aquapreneurs and produce top-notch premium shrimp. We leverage technology and implement data-driven strategies to bring innovation to global aquaculture and revolutionize the industry. Our efforts are aligned with the goals of the Blue Revolution initiative led by our respected Prime Minister and aimed at achieving Sustainable Development Goals. This is a full-time, on-site role, located in Andhra Pradesh. As a Technician for Shrimp Farms, you will work alongside other team members to perform various tasks to maintain and improve the health and productivity of the shrimp. Your day-to-day tasks may include feeding shrimp, monitoring water quality, handling equipment, maintaining farm infrastructure, and assisting in the implementation of disease management strategies. Qualifications Bfsc, Mfsc, BSc/MSc in Fisheries, Marine Biology and Prior experience as a Technician in aquaculture is a must Ability to work independently and in a team environment Physical ability to work outdoors in various weather conditions and lift up to 50 pounds Excellent communication and interpersonal skills Attention to detail and ability to maintain accurate records Basic computer skills Language – English, Hindi, Telugu is must How to apply Click here to apply

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Job
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127

Corporate Quality Assurance Manager (Seafood)

Job Notification Quality Assurance Manager (Seafood) Company: Captain Fresh Location: Bengaluru, Karnataka, India Department: Corporate Quality Assurance About Captain Fresh With the aim of delivering the fastest harvest-to-retail, we at Captain Fresh are journeying beyond the horizons to revolutionise the B2B and B2B2C seafood marketplace and supply chain. We do this by leveraging AI, ML, IoT, Data and Analytics, and other cutting-edge technologies to empower local fishermen while delighting businesses with reliable, convenient, and fresh supplies. Skill sets A four-year bachelor’s degree in applied sciences (Preferably Fisheries, Agriculture, Food Technology, Passed in first class. A post-graduate degree/ diploma in technical subject or management is desirable but not essential. Around 10 years experience in quality Assurance with at least 4 years in managerial position. Developing and implementation quality, food safety and sustainability standards. Establishing QA objectives and tracking for achievement. Performing vendor evaluation/ vendor audits and periodic evaluation of the suppliers. Training and mentoring QA personnel. Meets financial objectives by estimating requirements, preparing budgets and monitoring expenditures. Take ownership QA documentation (Controlling and Distribution). Planning and conducting internal audits. To assist HR in recruitment process. Liaoning with external agencies relating to QA. Preparing reports to management by collecting, analyzing and summarization. Willing to travel extensively. Effective communication in English (written and spoken) and other languages. Attention to detail/ root cause analysis. Ability to lead QA personnel and ability to get along with others. Creative/ analytical thinking and making sound judgements. Well versed in implementation of ISO/ HACCP/ Food Safety (GFSI recognized schemes viz. FSSC and BRC etc). Good exposure in Sustainability standards (Environment, Health and Safety, Responsible sourcing, ASC, MSC COC, BAP etc). Undergone external training in Quality, Food Safety and Sustainability Standards. Clear understanding of regulatory requirements (national and international). Application statistical tools and usage of MS Excel. Candidates who have worked on Seafood company are preferred. How to Apply Interested candidates can mail their CV to – Junaid.khan@captainfresh.in

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Fisheries Technology
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Navigating Change: Indian Fishermen Harness Smartphone Mapping to Protect Ancestral Lands

In the southern Indian state of Tamil Nadu, fishermen are adapting to modern challenges with ancient wisdom by embracing smartphone apps to map their ancestral lands. Official government maps may showcase roads, power stations, and lighthouses, but they often overlook the cherished spots where generations of fishermen have conducted their maritime rituals. Fearing industrial encroachment and changing government zoning rules, these fishermen are using technology to safeguard their way of life. Bharath S. Raji, a third-generation fisherman from Pulicat Lake, Tamil Nadu, leads the charge. Armed with a smartphone, Raji and his fellow fishermen navigate the lakeside to pinpoint special locations like docks, net-drying areas, and shrines on Google Maps. Their efforts are a response to upcoming government zoning changes that threaten their industry and traditions. The fishermen of Gunankuppam village have documented hundreds of significant locations on various mapping apps, creating a grassroots map that contrasts with official government records. Industrial proposals, including a port and power plant, loom on the horizon, potentially disrupting the vibrant fleet of boats that ply the lagoon for mackerel and sea bass. Ajay Anand, assistant director of fisheries in Thiruvallur district, acknowledges the shortcomings of official maps and applauds the community-led survey. The fishermen’s maps will undergo independent verification by the fishing department, ensuring their accuracy before potential adoption by the government. The looming threat of industrialization challenges the traditional lifestyle of fishing villages like Gunankuppam, caught in the tussle between old and new India. Surrounded by foundries, thermal power plants, and shipyards, these villages symbolize the clash between timeless existence on the lagoon and the relentless pursuit of a high-tech future, underscored by India’s national space station visible on the horizon. Saravanan K., a coordinator at the Coastal Resource Centre, a local environmental activist group, highlights the adverse impact of development on fishermen’s lives and livelihoods. Amid the government’s grand plans, the sea and river, once sources of sustenance, now face pollution. Saravanan leverages GIS software and mobilizes volunteers to map the land, empowering the community to counter encroachments. The rapid adoption of mapping apps in these fishing communities is noteworthy, considering mobile phones only arrived in Gunankuppam in 2006. Yet, the proliferation of smartphones even in rural areas indicates a growing tech-savvy population, with an estimated one billion smartphone users predicted in India by 2026. The fishermen draw inspiration from past successes, citing appeals to the National Green Tribunal that curtailed industrial activities in protected coastal areas. Their efforts have thwarted a thermal power station expansion into fishing zones and halted a private takeover of public waters. Durai Mahendran, state president of the Tamil Nadu fisherman association, credits local mapping initiatives with safeguarding villages from rampant development. Fisherman Dayalan D. reflects on the transformative power of technology to protect their age-old way of life, emphasizing the importance of documentation through maps to substantiate their claims on the land. As these fishermen embrace technology to navigate the changing tides, their maps become not just a tool for preservation but a testament to the resilience of communities in safeguarding their heritage against the waves of modernization.

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Fisheries News
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43

Government Extends Kisan Credit Card Benefits to Fishermen, Recognizing Their Economic Contribution”

In a significant move, Union Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala announced the extension of the Kisan Credit Card (KCC) scheme to fishermen on November 16. Originally designed for farmers, the KCC scheme provides tailored financial support through credit cards to address agricultural needs. By broadening its scope to include fishermen, the government aims to acknowledge and support the substantial contribution of those involved in the fishing sector to the nation’s economy. In addition to the financial assistance, the government, in collaboration with the Indian Space Research Organisation (ISRO), has developed a specialized instrument. This tool is designed to help fishermen precisely identify their location and facilitate communication with shore-based personnel. The initiative is geared towards enhancing the safety and efficiency of fishermen during their fishing activities. The rollout of this instrument is expected in the near future, according to Rupala. The Kisan Credit Card scheme, introduced in 1998, initially focused on providing cards to farmers based on their land holdings, with the objective of achieving widespread adoption by banks. Originally intended for purchasing agricultural inputs like seeds, fertilizers, and pesticides, as well as withdrawing cash for production needs, the scheme has evolved over time to better support farmers and address their financial requirements. Source: Union Ministry of Fisheries, Animal Husbandry and Dairying

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Export News
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40

India’s Exports Soar: Nordic-Baltic Region Emerges as Key Market with 39% Growth in 5 Years

In a notable surge, India’s exports to the Nordic-Baltic region have witnessed a remarkable 39% increase from 2018-19 to 2022-23, according to Union Commerce Minister Shri Piyush Goyal. Addressing the CII India Nordic-Baltic Business Conclave 2023 in New Delhi, Goyal welcomed companies from the Nordic-Baltic region to invest in India, emphasizing the potential for setting up production units. Exports to Finland and Norway have particularly experienced significant growth, exceeding 100% and 80%, respectively. Goyal encouraged the Nordic region to leverage India’s economies of scale, stating, “The Indian market can help you grow,” pointing out that India’s economy is currently $3.5 trillion and projected to reach $35 trillion in the next 30 years. The minister highlighted various sectors ripe for collaboration, including pharmaceuticals, IT, Artificial Intelligence, Internet of Things (IoT), electric vehicles, and the marine industry. Recognizing the Nordic-Baltic nations for their strengths in innovation, green tech, AI, and blockchain-led transformations, Goyal stressed the substantial scope for collaboration with India. Discussing India’s ongoing negotiations for Free Trade Agreements (FTA) with the EU and EFTA, Goyal expressed optimism about expanding trade beyond goods and services. He urged collaboration in tourism, technology, innovation, and greener energies, aligning with India’s growth story focusing on AI and blockchain. Goyal extended invitations to Nordic-Baltic companies to participate in upcoming trade shows like Bharat Mobility and BharatTex, scheduled for February 1 and February 26, respectively, in the coming year. Highlighting the significance of collaboration, Aksel Vilhelmson Johannesen, Prime Minister of the Faroe Islands, identified potential areas for cooperation, particularly in fisheries, aquaculture, and technology. Source: CII India Nordic-Baltic Business Conclave 2023

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