Badal announces R&D centre to boost shrimp production

Image
Press Trust of India Chandigarh
Last Updated : Nov 10 2016 | 4:57 PM IST
In a bid to boost income of farmers in Punjab's south-western parts through pisciculture, Chief Minister Parkash Singh Badal today gave nod for a Research and Development Centre near Malout to promote shrimp farming.
"The 'Blue Revolution' in the state could transform the destiny of farmers," he said while interacting with a delegation of progressive fish farmers at his residence here.
The unprecedented success of shrimp (Jhinga) farming in brackish waters in Muktsar and Fazilka districts has proved its huge potential as an allied source of income for farmers, Badal said.
"The SAD-BJP government was making all out efforts to promote fish farming in the state," he said.
The Chief Minister said, "Though Punjab pioneered the Green Revolution, which was instrumental in providing food security to the country, agriculture was no longer a profitable venture because of escalating input costs and squeezed profit margins."
"Because of these factors farmers of the state were on the brink of an economic crisis," he claimed.
"In such a dismal scenario pisciculture was the only ray of hope for farmers as they could supplement their income through it," he said.
The state government would set up a dedicated fund for running this centre, Badal assured.
The Chief Minister announced that the state government would give a 50 per cent subsidy on equipment, feed and seed to boost production of shrimps in the state.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Nov 10 2016 | 4:57 PM IST

Next Story