Thursday, May 9 2024 | Time 01:10 Hrs(IST)
image
Business Economy


Huge potential for harnessing tuna, tuna like species in India EEZ : Sibal

Hyderabad, Jun 17 (UNI) Ms Rajni Sekhri Sibal, Secretary, Department of Fisheries, Government of India, said that there was a huge potential for harnessing tuna and tuna like species in the Indian EEZ (Exclusive Economic Zone).


In her inaugural address at the 23rd session of the Indian Ocean Tuna Commission (IOTC) held here on Monday, Ms Sibal said that the Indian EEZ spread in the Andaman, Nicobar and Lakshadweep islands comprises 30 per cent but there was only 1 per cent of the production of tuna fish.

Emphasising the need for regional cooperation between IOTC member countries, Ms Sibal said that there is need for responsible and sustainable management of tuna. IOTC has to ensure that there is a level playing field between the developed and the developing nations, she said.


The Union Fisheries Secretary further said that India is the second largest fish producing country, India contributes 6.3 percent of the global fish production. There is a great potential for growth in the fisheries sector which is at present 7 percent, sustaining 14.5 million fishermen.

Ms Sibal said fisheries is a sun rise sector in India, considering the commercially viable global tuna market, which stood at USD 11.38 billion in 2017, and projected to reach USD 13.75 billion by 2023 and added it is imperative that we enhance productivity, maintain quality control and improve infrastructure.
As the shelf life of tuna is very short, it is very important to develop cold chains and ensure the catch is marketed at the earliest, she added.

She said that in the present IOTC session, quotas of tuna to be caught in the economic zones of the member countries would be fixed.

The Government of India has created a separate Department of Fisheries in the Ministry of Animal Husbandry, Dairying and Fisheries in February 2019. India plans to develop its capacity in deep sea fishing and play a pivotal role in IOTC towards conservation management, and sustainable harnessing of tuna and tuna like species, which are becoming endangered, she said.
UNI VV CS 1913
More News

Zoomcar to add 20,000 cars in its platform by end of fiscal 2025

08 May 2024 | 8:12 PM

New Delhi, May 8 (UNI) Zoomcar, self-drive car sharing company, on Wednesday announced plans to expand its footprint by adding over 20,000 cars by fiscal year 2025 to its platform for “self-drive” car sharing and provide opportunities to card owners to boost their income by way of sharing their vehicles.

see more..

TVS SCS wins new business deal for Eicher’s bus facility in Baggad

08 May 2024 | 7:54 PM

Chennai, May 8 (UNI) TVS Supply Chain Solutions Limited, a global supply chain solutions provider and one of the largest and fastest-growing integrated supply chain solutions providers in India, has won a new business contract from VE Commercial Vehicles (VECV) for managing their in-plant warehousing and logistics function at their Eicher bus factory located in Baggad, Madhya Pradesh.

see more..

TVS records highest ever revenue, profit in FY 2023-24

08 May 2024 | 7:52 PM

Chennai, May 8 (UNI) Two and three-wheeler major TVS Motor Company’s revenue from operations in the quarter ended March 2024 grew by 24% at Rs. 8,169 Crores against Rs. 6,605 Crores in the quarter ended March 2023.

see more..

AIC T-Hub selects startups to drive innovation in mobility sector

08 May 2024 | 7:17 PM

Hyderabad, May 8 (UNI) T-Hub, India's leading startup incubator, in collaboration with the Atal Incubation Centre (AIC), announced on Wednesday the launch of the mobility cohort of the AIC T-Hub Programme. This initiative is poised to revolutionise the automotive industry's future, with visionary startups selected to participate, Hyderabad-based T-Hub said in a release here.

see more..

AIC T-Hub selects startups to drive Innovation in the Mobility Sector

08 May 2024 | 7:14 PM

Hyderabad, May 8 (UNI) T-Hub, India's leading startup incubator, in collaboration with Atal Incubation Centre (AIC), on Wednesday announced the launch of the mobility cohort of the AIC T-Hub Program.

see more..
image