You are here: Home » PTI Stories » National » News
Business Standard

India accounts for 6.3% of global fish production: Fisheries dept


Press Trust of India  |  Hyderabad 

India is the second largest fish producing country in the world as it accounts for 6.3 per cent of the global fish production, a release by the Fisheries Department said Monday.

It also said the fisheries sector in the country is growing at the rate of 7 per cent, sustaining 14.5 million fishermen.

The release quoted Rajni Sekhri Sibal, Secretary, Department of Fisheries, as saying that there is a huge potential in harnessing tuna and tuna-like species in the Indian Exclusive Economic Zone (EEZ).

In her inaugural address at the 23rd session of the Indian Ocean Tuna Commission (IOTC), Sibal said 30 per cent of the Indian EEZ is spread across the Andaman, Nicobar and Lakshadweep Islands, but only 1 per cent comprises production of tuna fish.

Emphasising the need for regional cooperation between IOTC member countries, the official said there is a need for responsible and sustainable management of tuna.

The IOTC has to ensure that there is a level playing field between developed and developing nations, she said.

Sibal added that fisheries is a sun rise sector in India, considering the commercially viable global tuna market which stood at USD 11.38 billion in 2017 and is projected to reach USD 13.75 billion by 2023, the release said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, June 18 2019. 00:15 IST