Seaweed Import Guidelines to Boost Indian Coastal Economy

By By Rediff Money Desk, New Delhi
Oct 25, 2024 14:43
India's Ministry of Fisheries has unveiled new guidelines for live seaweed imports, aiming to address seed shortages and boost coastal economies. The regulations include strict quarantine procedures and biosecurity measures.
New Delhi, Oct 25 (PTI) The Ministry of Fisheries announced new guidelines for live seaweed imports on Friday, aiming to address seed shortages in its growing seaweed industry and boost coastal economies.

The regulatory framework, which includes strict quarantine procedures and biosecurity measures, will allow importers to bring high-quality seaweed germplasm into the country following approval from the National Committee on Introduction of Exotic Aquatic Species.

"Upon approval, the Department will issue an import permit within four weeks," the ministry said in a statement said.

The move comes as India targets ambitious seaweed production of 1.12 million tonnes by 2025 under its flagship Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme. The country currently faces challenges in securing sufficient quality seed stock, particularly for Kappaphycus, its most commonly farmed seaweed species.

As part of the broader initiative, the government has invested Rs 127.7 crore in a Multipurpose Seaweed Park in Tamil Nadu.

The guidelines are expected to stimulate research and development in seaweed cultivation while promoting downstream processing industries.

The statement said this could create additional employment opportunities in coastal villages and boost exports.

"These measures will ensure environmental sustainability while driving economic growth in coastal regions," the ministry said.

The framework includes post-import monitoring protocols and risk assessment procedures to prevent the introduction of pests and diseases, addressing concerns about biosecurity in India's growing seaweed sector.
Source: PTI
Read More On:
indiaexportspradhan mantri matsya sampada yojanaenvironmental sustainabilityquarantineemployment opportunitiesfisheriesbiosecuritypmmsyseaweedseaweed importscoastal economyseed shortagegermplasmseaweed cultivationseaweed processing
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

North East Bank Completes Slice Acquisition

North East Small Finance Bank has acquired consumer payments and lending company Slice,...

JSW Infrastructure Q2 Profit Up 40% to Rs 374...

JSW Infrastructure reported a 40% rise in Q2 net profit to Rs 374 crore, driven by...

Hester Biosciences Q2 Profit Doubles on Strong...

Hester Biosciences reported a two-fold jump in Q2 profit driven by higher divisional...

NBCC to Undertake Rs 10k cr Projects in Goa

NBCC will undertake major development and redevelopment works in Goa worth Rs 10,000...

Swiggy IPO Opens Nov 6: Rs 11,300 cr, Price...

Swiggy's initial public offering (IPO) will open for subscription on November 6th,...

Afcons Infrastructure IPO Subscribed 36% on Day 2

Afcons Infrastructure's IPO, part of the Shapoorji Pallonji Group, received 36%...

Rice Millers Grievance App Launched by Centre -...

The Indian government has launched a mobile app, FCI GRS, to address grievances of rice...

Kalpataru Projects Q2 Profit Surges 40% to Rs...

Kalpataru Projects International Ltd (KPIL) reported a 40% jump in Q2 net profit to Rs...

JBM Auto Q2 Profit Up 11.45% to Rs 49.15 cr -...

JBM Auto's net profit rose 11.45% to Rs 49.15 crore in the September quarter, driven by...

Vipin Kumar Appointed as AAI Chairman

Vipin Kumar, a senior IAS officer, has taken charge as the Chairman of the Airports...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com