FDI boost for fisheries

The Centre on Monday decided to do away with the "controlled conditions" clause for foreign direct investment (FDI) in the animal husbandry sector, which included pisciculture, aquaculture and apiculture (bee keeping). The relaxations also include dog breeding.

Officials said in the case of pisciculture and aquaculture, 100 per cent FDI was allowed through the automatic route but under controlled conditions.

Controlled conditions for these sectors included aquariums and hatcheries where eggs are artificially hatched and incubated in an enclosed environment with artificial climate control.

After the relaxation, foreign companies can invest up to 100 per cent in companies engaged in breeding of fishes outside hatcheries and aquariums.