India’s fisheries sector, long regarded as a subsistence-driven activity, is undergoing a decisive transformation into a growth-oriented Blue Economy engine, powered by institutional finance, digital integration, and targeted policy support. Recognised as a “Sunrise Sector,” fisheries now contribute 1.12 per cent to the country’s Gross Value Added and sustain the…
Tag: #FisheriesSector
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Mayabunder to Get ₹199 Crore Smart & Integrated Fishing Harbour
The Department of Fisheries, under the Ministry of Fisheries, Animal Husbandry and Dairying, has approved the development of a Smart and Integrated Fishing Harbour at Mayabunder, Andaman & Nicobar Islands. The project, estimated at ₹199.24 crore with 100% central financial assistance, will be implemented under the Pradhan Mantri Matsya Sampada…
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Lakshadweep Opens New Investment Avenues in Fisheries Sector
The Union Territory of Lakshadweep marked a major milestone in its economic journey as the Department of Fisheries, Government of India, organised its first-ever Investors’ Meet to unlock the islands’ vast and untapped fisheries potential. Held on December 13, 2025, at Bangaram Island, the event showcased Lakshadweep as a promising…
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Amit Shah: NCDC Disburses ₹95,200 Cr to Strengthen Cooperatives
Union Home and Cooperation Minister Shri Amit Shah on Wednesday addressed the 92nd General Council Meeting of the National Cooperative Development Corporation (NCDC) in New Delhi, saying the cooperative sector has seen “unprecedented progress” and that NCDC has become a principal instrument in empowering cooperative societies nationwide. Record funding and…
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Maharashtra to Gain Big from 2025 GST Reforms
Maharashtra is set to witness significant economic gains following the 2025 GST reforms. With tax cuts across agriculture, manufacturing, services, and strategic industries, millions of farmers, artisans, workers, and consumers are poised to benefit. Key sectors such as sugar, textiles, fisheries, automotive, pharmaceuticals, and insurance are expected to see reduced…