Project Report For Fishery
Project report for Fishery is as follows.
The dairy industry contributes significantly to the economic growth of farmers in the country. In addition to being a foreign exchange earner, the industry has been recognised as a significant revenue and job generator since it supports the establishment of a variety of subsidiary businesses and is a source of inexpensive and nutritious food. Most significantly, it provides a source of income for a huge portion of the country’s economically deprived people.
India is the world’s third-biggest producer of fish and the world’s second-largest producer of aquaculture fish. India accounts for around 7% of world fish output. The nation also has more than 10% of the world’s fish biodiversity and is one of the 17 mega biodiversity-rich countries. Fisheries and related industries employ around 14 million people. India is the country’s top fish producer, after West Bengal and Gujarat.
Market potential & Strategy
The overall fish production in 2020-21 is expected to be 12.60 million metric tonnes, with approximately 70% coming from the urban sector and about 50% coming from cultural fisheries. More than 50 distinct varieties of fish and shellfish items are shipped to 75 different nations worldwide. Fish and fish products are now India’s largest agricultural export group, accounting for 13.77 lakh tonnes in volume and Rs. 45,106.89 crore in value. This accounts for around 10% of total exports and almost 20% of agricultural exports and contributes approximately 0.91 per cent of the country’s GDP and 5.23 per cent of its farm Gross value.
A fish market is a place where people may buy and sell fish and fish products. India is now one of the world’s top producers of fish, accounting for almost 6% of worldwide fish output. Over the last few years, both domestic consumption and export of fish have increased significantly in India. Fish consumption per capita has also increased steadily over the previous few years. A variety of reasons are now influencing fish consumption in India. These include changes in lifestyle, rising meat costs, and the reputation of fish as a nutritious diet with high quantities of digestible protein, PUFA, and cholesterol-lowering capabilities.
Fish consumption per capita has steadily increased during the last few decades. We anticipate that the consumption of fish will continue to rise in the future years as a result of rising disposable incomes and changing dietary preferences. The expansion of the organised food retail industry is projected to enhance consumer access to processed fish, notably canned and frozen fish products. This is anticipated to have a favourable effect on market growth.
In India, the industry for health and wellness foods is expanding rapidly. In the next years, increased awareness of fish as a food linked with health and wellbeing is projected to have a beneficial influence on its consumption.
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