July 10, 2019
Indian Finance Minister, Nirmala Sitharaman, announced plans to turn India into a hotspot for fish and aquatic products through appropriate policy, marketing and infrastructure support. According to local news, the government intends to promote aquaculture through easy access to credit.
The fund will be used for creation of fisheries infrastructure facilities both in marine and inland fisheries sectors. The government has set a target to augment fish production to achieve its target of 15 million tons by 2020 under the Blue Revolution, and raise it thereafter about 20 million tons by 2022-2023. The fund will be used to attract private investment in creation and management of fisheries infrastructure facilities, besides acquisition of state-of-the-art technologies.