Faced with many issues such as overfishing, income disparity among the fishing communities and dwindling income, India is for augmenting its fish production with the Union Government giving its emphasis to various programmes in the Budget presented in Lok Sabha.
In budget, Finance Minister Nirmala Sitharaman gave the thrust to raising the fish production to 200 lakh tonnes and thus making India a hotspot for fish and aquatic products.
In the budget speech, she said that the Narendra Modi government was committed towards ‘Blue Revolution’ and would be able to attain first place in fish production. She also made it clear that the government was for creating infrastructure facilities in both marine and inland fishing sectors.
Noting that the government has targeted to increase fish production to 15 million tonnes by 2020 and raise it thereafter to about 20 million tonnes by 2022-23.
As of now, India stands second in fish production 13.7 mt produce in 2018-19. It has been said that the budget allocation would help in achieving the target and also in overcoming the various issues that is now prevalent in the industry.