Union Minister Rajiv Ranjan Singh said that the government will take steps to fortify the fishing sector’s foundation over the next five years, with a particular focus on raising annual seafood exports to Rs 1 lakh crore from roughly Rs 60,000 crore in the previous fiscal year on Wednesday. The minister pointed out that since independence, the fishing industry which supports the livelihoods of over 3 crore fishermen and fish farmers has not received enough attention.
Singh said the government has made a number of steps since 2014 to foster the expansion of this significant industry, such as the introduction of the PMSSY program, which has a budget of more than Rs 20,000 crore. As a result of these measures, the country’s fish production has increased to 175.45 lakh tonnes in 2023-24 from 95.79 lakh tonnes in 2013-14.
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