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Fisheries sector can attract USD 9 billion investment in 5 years: Official

India expects the fisheries sector to attract investments worth USD 9 billion over the next five years along with huge employment generation, a top official said on Sarturday. Fisheries exports are expected to more than double to Rs 100,000 crore by 2024-25 from Rs 46,589 crore at present, he said.

“Government is targeting investments to the tune of USD 9 billion in the fisheries sector over the next five years,” Union Fisheries Secretary Rajeev Ranjan said at an e-conference of Indian Chamber of Commerce. He said the PM Matsya Sampada Yojana (PMMSY) has been designed to achieve this target and the Centre is striving to raise fish production to 220 lakh tonnes by 2024-25 from 138 lakh tonnes, the official was quoted as saying in a release.

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