TheFishSite.com - news, features, articles and disease information for the fish industry

News

India Encourages Invetment in Aquaculture Sector

11 September 2014

INDIA - The state fisheries department will frame a policy to attract investments in the fisheries sector. This policy will include provision of incentives like giving out waterbodies on long term lease to entrepreneurs or private companies for aquaculture.

State fisheries minister Chandranath Sinha said: "We are working on framing this policy to attract investments".

Government officials said that at present, there is no specific policy to attract investments in this sector. The proposed policy will have a comprehensive outline on what incentives, subsidies and grants the state government could provide to entrepreneurs or private companies, reports TheTimesOfIndia.

The fisheries department has several waterbodies across the state that are unutilized. Many waterbodies in and around the city have dried up due to lack of proper maintenance and many waterbodies and small ponds, especially in the eastern fringes of the city, have been filled up for constructing buildings.

Fisheries department officials said that once the policy takes shape, the department could work on giving the waterbodies to entrepreneurs or private companies on long term lease or can develop a waterbody through public-private-partnership (PPP) or joint venture mode.

The waterbodies could be maintained and operated by the private companies for doing aquaculture or setting up water parks. Besides, the waterbodies could also be properly utilised to increase fish production and for pisciculture.

TheFishSite News Desk



Our Sponsors

Partners



Sustainable Aquaculture Modular Courses AVAILABLE NOW - University of St Andrews

Seasonal Picks

Know Your Freshwater Fishes - 5m Books.com

Aquacullture Webinars from TheFishSite - Sign Up Now