India’s Blue Economy

Current Status:

  • India’s deep-sea fishing sector remains underdeveloped, with a potential of 7.16 million tonnes (MT) within its Exclusive Economic Zone (EEZ).
  • India has only 4 vessels operating in the high seas, compared to 1,883 (Sri Lanka) and 1,216 (Iran).
  • There is a regulatory void, with no specific law for fishing between 12–200 nautical miles, leading to IUU fishing.

Opportunities and Potential:

  • Deep-sea fishing could significantly increase exports beyond ₹60,523 crore (FY 2023-24).
  • Modern vessels can yield ₹32 lakh annually, 10 times more than traditional fishing boats.
  • Offshore fishing will reduce pressure on inshore fish stocks, promoting sustainability.
  • Untapped resources like lanternfish, squids, and deep-sea shrimp offer new economic avenues.
  • A robust offshore fleet strengthens food security and India’s maritime presence in the Indian Ocean.

Challenges:

  • Policy gaps: Lack of a unified EEZ Fisheries Act and poor coordination among maritime, environmental, and defense agencies.
  • Infrastructure deficit: Few harbors can accommodate large vessels, and absence of cold storage and processing units hinders export potential.
  • High costs: Deep-sea fishing requires high fuel, capital, and maintenance costs, making it unaffordable for small fishers.
  • Data deficiencies: Lack of a central database for fish stock, species mapping, and catch trends affects planning and increases overfishing risks.
  • Environmental risks: Practices like bottom trawling, bycatch, and marine pollution endanger deep-sea ecosystems.

Global Best Practices:

  • China: Operates large distant-water fleets, but risks overfishing.
  • Spain: Uses Vessel Monitoring Systems (VMS) and eco-friendly gear for sustainable fishing.
  • New Zealand: Implements a Quota Management System (QMS) to balance economic goals and ecological sustainability.

NITI Aayog’s Recommendations:

  • Policy overhaul: Introduce a unified EEZ Fisheries Act aligned with UNCLOS and revise subsidies to promote sustainable fishing practices.
  • Institutional strengthening: Establish a Deep-Sea Fisheries Authority, invest in research, data systems, and scientific manpower.
  • Fleet modernization: Incentivize modern vessels with GPS and cold storage to increase efficiency and safety.
  • Sustainable management: Adopt ecosystem-based catch limits, enforce marine spatial planning, and enable real-time vessel tracking.
  • Financing mechanism: Establish a Deep-Sea Fishing Development Fund through public-private partnerships (PPP), soft loans, and insurance.
  • Stakeholder inclusion: Empower fishing communities in governance, ensure capacity-building, and include small-scale fishers in policy benefits.

Conclusion:

  • The report envisions a Blue Revolution 2.0, which integrates economic growth with ecological balance, aiming to make India’s deep-sea sector more resilient, regulated, and sustainable.
  • This transformation can boost exports, secure livelihoods, and strengthen India’s maritime footprint.

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