India's fisheries sector has received an investment of approximately ₹39,272 crore since 2015

India's fisheries sector has received an investment of approximately ₹39,272 crore since 2015

¨     India's fisheries sector has received an investment of approximately ₹39,272 crore since 2015.

¨     This funding has boosted both employment and export performance.

¨     Approximately 30 million fishermen and farmers depend directly on this sector.

¨ India is now the world's second-largest producer in aquaculture. It contributes approximately 8% to the global fish production output.

¨     Fish production rose from 141.64 lakh tonnes in 2019–20 to 197.75 lakh tonnes by 2024–25.

¨     This reflects an average annual growth rate of approximately 7%.

¨     Seafood exports have witnessed rapid growth over the past decade, rising from ₹30,213 crore in 2013–14 to ₹62,408 crore in 2024–25.

¨     Shrimp exports account for the largest share of these earnings, contributing ₹43,334 crore alone.

¨     India exports over 350 varieties of seafood products to approximately 130 global markets.

¨     The United States is its largest buyer. Other key markets include China, the European Union, Southeast Asia, Japan, and the Middle East.

¨     The share of value-added seafood products has increased from 2.5% to 11%. The value of this segment now stands at approximately $742 million.

¨     The government is promoting high-value species, including tuna, seabass, cobia, and mud crabs.

¨  Infrastructure across the entire sector is being upgraded, encompassing cold storage facilities and supply chains. Fishing harbors are also being modernized.