Fisheries Sector Current Affairs - 2020

Category Wise PDF Compilations available at This Link

Cabinet Approval: India-Iceland MoU in Sustainable Fisheries Development

On February 12, 2020 the Union Cabinet approved the Memorandum of Understanding signed between India and Iceland in the field of fisheries.

Highlights

The countries had signed agreements in September 2019, to develop inland fisheries. According to the agreement, the countries agreed to create facilities of technical experts and scientists in shore areas and deep sea areas. They also agreed on exchange of scientific research literature, scientific experts in the field of fisheries.

The agreement strengthens bilateral cooperation between India and Iceland.

Fisheries in India

According to the Economic Survey 2020, fisheries contribute to 6.58% of India’s GDP along with agriculture and forestry. The export of marine products for the year 2018-19 was 13.92 lakh tonnes. The survey also says that the total fish production of the country stood at 13.42 million tonnes in the year 2018-19. The major fisheries resources of India is spread across the vast coast line. It stands at 2.02 million square km of the Exclusive Economic Zone.

The GoI in 2018-19 allocated Rs 7,522 crores of rupees towards Fisheries and Aquaculture Development Fund (FIDF).

Get these updates on Current Affairs Today Android App

India International Seafood Show held in Kochi

The Marine Products Export Development Authority Organized International Sea Food Show in Kochi. Around 5,000 delegates participated in the show. The show will provide a platform for overseas importers of Indian marine products and also for Indian exporters.

The Show is being held between February 7, 2020 and February 9, 2020.

Highlights

Around 350 stalls, 200 exhibitors and 5,000 delegates are to participate at the event. The show was previously held in Goa in January 2018. The show was organized under the theme

Theme: Blue Revolution: Beyond Production to Value Addition

IISS is one of Asia’s largest food fair. The fair is being held in Kerala after a gap of 12 years. Kerala’s Fisheries sector is important because it contributes 3% of India’s GDP.

Significance

The show aims to increase the seafood trade of India in global market from 4.1% to 6.7% by 2030.

Fisheries Sector

The Global Fisheries sector contribute to 1% of world GDP. The total world population involved in fisheries industry is 40.5 million.

Get these updates on Current Affairs Today Android App