India 4th largest exporter of marine products: Murugan

L Murugan

Chennai: Union Minister of State for I and B, Fisheries, Animal Husbandry and dairying L Murugan has said India was the fourth largest marine products exporting nation in the world, constituting about 17-18 per cent from India.

Addressing the concluding ceremony of ‘VanijyaSaptah-Trade and Commerce Week’ here, he said to boost the marine sector, the Union government has launched the Pradhan Mantri Matsya Sampada Yojana (PMMSY) at an estimated investment of Rs 20,050 crores.

The scheme envisages enhancing fisheries exports to Rs one lakh crores by 2024-25 from Rs 46,662 crores, he said and urged the youth and the people of Tamilnadu to make good use of this scheme.

The Minister said recognising the potential in seaweed farming in transforming the lives of coastal communities, SHGs and women, the first Multipurpose Seaweed Park in India was established in Tamilnadu.

Asserting that Tamilnadu has all the ingredients to be a top export, Murugan urged the industry to grab this opportunity, increase the range of the products, diversify the export destination, step up the value ladder and never compromise with the quality of the product.

He said following the footsteps of freedom fighter V O Chidambaram Pillai, whose 150th birth anniversary is being celebrated, Modi announced Aatmanirbhar Bharat and Vocal For Local during the 75th year of Indian Independence.


NT Bureau