Cabinet Approves ₹6,000 Crore Boost for MSME Fisheries: “Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana” Promises Jobs, Growth, and Empowerment
Imagine: A bustling fish market, vibrant with activity. Fisherfolk haul in their catch, women entrepreneurs run cold storage facilities, and young graduates manage thriving aquaculture businesses. This vision is closer to reality with the Indian government’s Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY), a new sub-scheme under the larger Pradhan
Navigating the Blue Wave: A Deep Dive into India’s Seafood Sector and the Top 5 Stocks Poised for Exponential Growth
Introduction:India, blessed with an extensive coastline and thriving river environments, has emerged as the world’s third-largest seafood-producing nation, capturing global markets with its quality seafood. The recent surge in seafood exports, reaching an all-time high of US$8.09 billion in the financial year 2022-23, has catapulted the sector into the spotlight.
Shrimp Boom: Indian Seafood Swims Upstream as Exports Dive
While global economic woes dampen seafood exports, India’s domestic market is experiencing a delightful catch. Premium companies are diving in, lured by the rising demand for succulent shrimp, squid, lobster, and seer fish. This shift presents a unique opportunity to transform the largely unorganized Indian seafood industry and establish the
Fish Out of Water: Growing Seafood in Labs, a Kochi Lab Leads the Way in India
Imagine enjoying your favorite fish dish without harming the oceans or contributing to overfishing. Sounds too good to be true, right? But thanks to advancements in lab-grown meat technology, this vision might become a reality sooner than you think. In a pioneering initiative, a government lab in Kochi, India, has
Government of India Unveils Ambitious ₹576 Crore Plan to Establish Northern Shrimp Farming Hub
In a strategic move to boost aquaculture and create a thriving hub for shrimp farming, the Union government of India is set to launch a ₹576 crore plan across four northern states. The initiative aims to utilize non-arable land in Uttar Pradesh, Rajasthan, Haryana, and Punjab for shrimp farming, catering
Kings Infra Dives into Ready-to-Eat Market with ₹40 Crore Boost from Punjab National Bank
Kings Infra, a leading name in seafood processing and export, has secured a ₹40 crore working capital loan from Punjab National Bank. This investment will fuel the company’s ambitious plans to launch ready-to-cook and ready-to-eat seafood products in the Indian market, tap into the rising demand for premium seafood, and
Veraval Gets TED-ucated: MPEDA and CIFT Champion Sustainable Shrimp Trawling
Trawling towards Sustainability: MPEDA and CIFT Team Up for TED Implementation in Veraval The Marine Products Export Development Authority (MPEDA) and the Central Institute of Fisheries Technology (CIFT) joined forces in Veraval, Gujarat, on December 20th, 2023, to tackle the critical issue of sea turtle conservation. The focus of the
Island UTs Dive into Blue Economy Boom: Fisheries, Aquaculture, and Seafood Exports Take Center Stage
The Union Territories of Andaman & Nicobar Islands and Lakshadweep are charting a thrilling course towards economic prosperity, with the government prioritizing the development of a vibrant blue economy. Fisheries, aquaculture, and seafood exports are taking center stage in this transformation, fueled by a wave of strategic initiatives and investments.
Seaweed to the Rescue: CMFRI Develops Natural Remedies for Immunity and Cholesterol
The ICAR-Central Marine Fisheries Research Institute (CMFRI) has announced a promising step forward in healthcare, signing a deal to commercialize two seaweed-based nutraceuticals with impressive potential. These natural products tackle common health concerns – one boosting anti-viral immunity and the other combating high cholesterol. Dr. A Gopalakrishnan, director of CMFRI,
Aquaponics: Where Fish and Plants Kiss, and Sustainable Food Rises
Imagine a farm where fish waste nourishes lush greens, and plants scrub water clean for finny friends. This symbiotic dream isn’t science fiction; it’s the reality of aquaponics, a revolutionary method seamlessly blending aquaculture and plant farming. In this verdant marriage, not a drop goes to waste, not a leaf
Odisha University Dives Deep: Unlocking the Secrets of the Bay of Bengal for Sustainable Fisheries
Odisha’s Berhampur University, a beacon of academic excellence, is setting sail on a voyage of discovery. On Tuesday, they announced a significant partnership with the Bay of Bengal Programme Inter-Governmental Organisation (BOBP-IGO), a regional think tank dedicated to marine ecology and sustainable fisheries management. This collaboration promises to unlock the
Gujarat Sets Sail for Deep-Sea Riches: Modernizing Fisheries for a Blue Economy Boom
Gujarat, with its 1,600-kilometer coastline, the longest in India, has long been blessed by the bounty of the sea. This coastal state boasts an impressive annual average of 8.5 lakh tonnes of marine fish production in the last four years, and contributes a significant 17% to India’s total fish exports,
Superbugs in the Sea: The Looming Threat of Antimicrobial Resistance in Indian Fisheries
India’s booming aquaculture industry, feeding millions and bringing economic prosperity, faces a hidden enemy: antimicrobial resistance (AMR). The overuse and misuse of antibiotics in fish farms are breeding superbugs, bacteria resistant to the very drugs meant to protect them. This silent crisis threatens not just fish health and future harvests,