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PM Narendra Modi Inaugurates and Lays Foundation for ₹1,560 Cr Fisheries Projects in Palghar

by Economy India
August 31, 2024
Reading Time: 4 mins read
PM Narendra Modi Inaugurates and Lays Foundation for ₹1,560 Cr Fisheries Projects in Palghar
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MUMBAI (Economy India): Prime Minister Narendra Modi today inaugurated and laid the foundation for several development projects in Palghar, Maharashtra, including 218 fisheries projects worth approximately ₹1,560 crore. Modi also launched the national rollout of the Vessel Communication and Assistance System, developed at a cost of around ₹360 crore. Additionally, the Prime Minister laid the foundation for key fisheries infrastructure projects, including the construction, upgrading, and modernization of fishing harbors, fish landing centers, and fish markets. He also distributed transponder sets and Kisan Credit Cards to fishermen.

Fishing Community: Key Partners in Maritime Development

PM Modi emphasized the crucial role of India’s fishing community as key partners in harnessing maritime opportunities. Reflecting on his interactions with beneficiaries of the Pradhan Mantri Matsya Sampada Yojana (PMMSY), he highlighted the transformation in the sector over the past decade, driven by government schemes and a service-oriented approach.

India’s Growth in Fish Production and Exports

He noted that India is now the world’s second-largest fish producer, with fish production doubling from 80 lakh tons in 2014 to 170 lakh tons today. Modi also mentioned the growth in India’s seafood exports, with shrimp exports more than doubling to over ₹40,000 crore, attributing this success to the Blue Revolution, which has created millions of new job opportunities.

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Empowering Women in the Fisheries Sector

The Prime Minister highlighted government efforts to promote the participation of women in the fisheries sector, noting that thousands of women have been supported under the PMMSY. He discussed advanced technologies and satellite systems, including the launch of the Vessel Communication System, which will greatly benefit the fishing community.

Enhancing Communication and Safety for Fishermen

Modi announced plans to equip 1 lakh vessels with transponders, enabling seamless communication between fishermen, their families, boat owners, fisheries departments, and coastguards. This system will assist fishermen in communicating during emergencies, cyclones, or other adverse events, with the government prioritizing the saving of lives.

Developing Coastal Infrastructure for Fishing Vessels

Modi stated that over 110 fishing harbors and landing centers are being constructed for the safe return of fishing vessels. Highlighting the government’s focus on developing coastal villages, he cited examples such as cold chains, processing facilities, and loan schemes for boats under the PMMSY, which are strengthening fishermen’s organizations.

Commitment to Marginalized Communities

The Prime Minister emphasized that the current government has always worked for marginalized communities, establishing separate ministries for both fishermen and tribal communities. He noted that previously neglected tribal regions are now benefiting from the PM Janman Yojana, with both tribal and fishing communities making significant contributions to the nation’s development.

Key Facts

Here is a table of key facts based on Prime Minister Narendra Modi’s recent initiatives in Palghar, Maharashtra:

Key FactDetails
Location of EventPalghar, Maharashtra
Total Value of Fisheries Projects Inaugurated₹1,560 crore
National Rollout of Vessel Communication SystemDeveloped at a cost of ₹360 crore
Foundation Laid for Fisheries InfrastructureIncludes construction, upgrading, and modernization of fishing harbors, fish landing centers, and markets
Distribution to FishermenTransponder sets and Kisan Credit Cards
India’s Rank in Global Fish ProductionSecond-largest fish producer in the world
Growth in Fish ProductionIncreased from 80 lakh tons in 2014 to 170 lakh tons in 2024
Growth in Shrimp ExportsMore than doubled to over ₹40,000 crore
Planned Equipment for Fishing Vessels1 lakh vessels to be equipped with transponders
Government Focus on Coastal DevelopmentIncludes cold chains, processing facilities, and loan schemes under PMMSY
Support for Women in Fisheries SectorThousands of women supported under PMMSY
Construction of Fishing Harbors and Landing CentersOver 110 fishing harbors and landing centers being built
Government Focus on Marginalized CommunitiesSeparate ministries established for fishermen and tribal communities
Impact on Tribal and Fishing CommunitiesSignificant contributions to national development through PM Janman Yojana and other initiatives

(copyright@economyindia)

Tags: Fisheries ProjectsKisan Credit Cards to fishermenMaritime Development
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Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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