Calls for efforts to attract FDI into marine sector.

Kerala Governor 


Kerala governor Arif Mohammad Khan on Friday called for efforts to attract foreign direct investment (FDI) into the marine sector for increasing employment opportunities and boosting the country's seafood exports through an innovative model based on diversification and value addition. During the 22nd India International Seafood Show (IISS), Khan expressed confidence that India would be able to increase its share in global seafood trade from the current 4.1% to 6.7% by 2030 by increasing production, value addition and diversification.Highlighting the importance of seafood, the Governor highlighted that 40% of the global population live within 200 km from seacoasts and 12 of the 15 mega cities are on the coasts. In India alone, about 40.5 million people are involved in the fisheries sector, which also contributes one per cent to the gross domestic product (GDP), he noted. Welcoming the delegates, Marine Products Export Development Authority (MPEDA) chairman KS Srinivas talked of a three-pronged strategy to promote the sector, namely increasing productivity, expanding area under cultivation and diversification of species.

 

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