SEAI seeks Rs 1,000 cr to boost seafood sector in state

SEAI-Odisha region has sought at an investment of Rs 1,000 crore for the infrastructure development in the seafood sector

Image
BS Reporter Bhubaneswar
Last Updated : Jun 22 2014 | 11:15 PM IST
The Sea Food Exporters Association of India (SEAI)-Odisha region has sought at an investment of Rs 1,000 crore for the infrastructure development in the seafood sector.

"There is need for funding of Rs 1,000 crore in the road, electricity, sea food park, coal chains to boost the sea food industry. Out of 32,000 hectare (ha) suitable for aquaculture, only 3,500 ha are developed in the state," Gora Chand Mohanty, president, Odisha chapter of SEAI told media persons at an event organized to felicitate Jual Oram, Union minister for tribal affairs. Due to non-availability of proper infrastructure, there is significant quality loss of products to the tune of 25 per cent, he added. Odisha produces around 15,000 tonnes of shrimps compared to more than 200,000 lakh tonnes produced in neighbouring Andhra Pradesh. The average productivity in the state is abysmally low at 1.3 tonne per ha compared to 10 per ha in Andhra Pradesh. "Odisha can easily increase its exports from Rs 1,700 crore presently to Rs 10,000 crore in three years, if emphasis is given by both the Centre and the state government on infrastructure development," Mohanty said. The regional chapter urged the Union minister to prevail upon the Centre to accord agriculture status to the sea food sector to avail the tax benefits. It also wanted the minister's intervention for exemption of custom duty on aquaculture equipment like aerators and simplification of procedures to facilitate farmers (or group of farmers) to import these items. The exporters requested Oram to pursue with the Union ministry of Food Processing for approval of a proposal to set up a sea food park in the state. Due to lack of refer containerisation facility at Paradip port, most of the exporters are shipping their consignments through Vizag and Kolkata ports. "Intervention of Union shipping ministry is required to start marine product exports from Paradip," the association said. SEAI said, there is a need to re-visit crop insurance scheme currently in practice as it is not beneficial to shrimp farmers. "I will find out the impediments in granting the agriculture status to the sector and will take up the matter with concerned agencies. All issues raised by the association will be taken up with the respective ministries," Oram assured.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 22 2014 | 8:16 PM IST

Next Story