logo
Karnataka submitted draft of mariculture policy, says CMFRI Director

Karnataka submitted draft of mariculture policy, says CMFRI Director

The Hindu14 hours ago
Stating that Karnataka has submitted the draft of its mariculture policy, Grinson George, Director of the Central Marine Fisheries Research Institute (CMFRI), has said that maritime States will have to come out with their respective mariculture and open-water leasing out policies if seaweed farming is to thrive in the country.
In the background of the Union government designating CMFRI's Mandapam Regional Centre as the Centre of Excellence for the holistic development and promotion of seaweed culture in the country, Mr. George told The Hindu that if global production of seaweed was at 35.5 million metric tonnes, India's share stood at only one lakh tonnes.
300 sites identified
Mr. George said that though the CMFRI had identified 300 sites for seaweed farming in the country, the absence of a mariculture policy for leasing out open water was a hindrance to pushing the cultivation aggressively. Multinational companies (MNCs) that are ready to invest in seaweed culture want a clear-cut policy. MNCs needed a larger area to tap the potential.
He stated that the CMFRI developed guidelines on open-water leasing in the mariculture policy, which were submitted to the Union Department of Fisheries. Now, coastal States will have to form their respective policies.
'Sea area, up to 12 nautical miles from the coast, is under the jurisdiction of the States. They can fix the rates and practical ways of taking up seaweed cultivation. Then MNCs will come and invest,' he said.
'Goa has come out with its policy. Karnataka and Andhra Pradesh have submitted their drafts. The CMFRI is technically guiding and supporting the States in fine-tuning their drafts. We have a team working on this,' the Director added.
Import guidelines
Mr. George said that the Department of Fisheries under the Union government has come out with import guidelines for seaweeds also. 'Now there are proper import guidelines. We can import, quarantine, test, and do farming,' he said.
Notwithstanding, some States have concerns over the impacts of non-native seaweeds on biodiversity, including whether they would replace native species or if they would actually thrive, etc. Such fears will have to be allayed properly, he said.
Mr. George said that when compared to non-native seaweeds, cultivating native ones is not very profitable. 'For example, native seaweed like Sargassum, when dried, fetches ₹11 per k.g. Whereas non-native seaweed like Kappaphycus alvarezii fetches ₹69 per kg,' he said, adding that non-natives, which can fetch a good price, should be imported for cultivation.
He said that seaweed cultivation will have to flourish in the country in many ways. 'Because there is a requirement for bioactive compounds from seaweed, which are being imported by India. It is a great loss in terms of foreign exchange. MNCs have to invest seriously in this seaweed business.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Piyush Goyal highlights Rs 3 lakh crore schemes for research, employment and startups
Piyush Goyal highlights Rs 3 lakh crore schemes for research, employment and startups

Hans India

time36 minutes ago

  • Hans India

Piyush Goyal highlights Rs 3 lakh crore schemes for research, employment and startups

Bengaluru: Union Minister of Commerce and Industry Piyush Goyal, during an interactive session with industry leaders in Bengaluru, highlighted a series of major policy initiatives aimed at accelerating research, fostering innovation, generating employment, and strengthening India's startup ecosystem. During his interaction, Piyush Goyal addressed the recent Union Cabinet approval of over Rs three lakh crore in new schemes. 'Under the leadership of PM Modi, our Ministry approved a scheme to provide Rs 1 lakh crore to promote research and development and innovation. We have also come out with a Rs 2 lakh crore employment generation incentive scheme and several other program for skill development, internship program,' the Union Minister said. 'These will give encouragement to support an ecosystem of startup, tech and manufacturing,' Goyal added, commenting on recent Union Cabinet approval. Piyush Goyal also praised Bengaluru's thriving deep tech and startup ecosystem, calling it a 'jewel in the crown' of India's economic landscape. He lauded the contributions of the city's global capability centres and tech entrepreneurs. He said, 'I also believe that the deep tech industry, the startup ecosystem, which is present in Bengaluru in a big way, is a jewel in our crown. We are very proud of the good work that the tech sector particularly, and the global capability centres are doing.' He also addressed the broader national concerns. Piyush Goyal during his interaction responded to appreciation from attendees on Operation Sindoor following a recent terrorist attack. He characterized the incident as not just an assault on security but also an attack on India's economic progress, integrity, and sovereignty. 'I was also very pleased when one of the questioners complimented the government for the fitting response given under Operation Sindoor to the terrorist attack, which was an attack on India's economic progress, which was an attack on India's integrity and sovereignty.'

India's mega shipbuilding plan unfolds; 5 greenfield and 3 brownfield facilities taking shape on both sides of coastline
India's mega shipbuilding plan unfolds; 5 greenfield and 3 brownfield facilities taking shape on both sides of coastline

Mint

timean hour ago

  • Mint

India's mega shipbuilding plan unfolds; 5 greenfield and 3 brownfield facilities taking shape on both sides of coastline

India is working to dramatically expand its domestic shipbuilding capabilities, with plans to establish eight such clusters along its expansive coastline. While five of these facilities will be built from the ground up, the rest three will involve expansion of existing facilities. The government has finalized the locations with pre-secured land parcels and necessary clearances, Union shipping secretary T.K. Ramachandran said. The mega-initiative, a cornerstone of the nation's Atmanirbhar Bharat drive, aims to transform India into a global shipbuilding powerhouse. States have made rapid progress in developing maritime clusters, Ramachandran said in an interview. "All state governments have formed special purpose vehicles to implement the project with approved and identified land parcels and access network connecting the clusters with roads and railway infrastructure. Seaside infrastructure is being developed along with breakwater facilities," he said. Nations are increasingly looking at shipping as a strategic sector, given Chinese dominance of the sector. US president Donald Trump has called for revitalizing shipbuilding, viewing it as crucial for both national security and economic prosperity. He has signed an executive order to create a Maritime Action Plan, established a new Office of Maritime and Industrial Capacity within the National Security Council, and proposed measures like imposing fees on Chinese-built vessels entering US. The five greenfield clusters that will come up in Andhra Pradesh, Odisha, Tamil Nadu, Gujarat, and Maharashtra will host the entire spectrum of ship manufacturing to equipment production, vendors, bunkering stations, insurance and ship leasing, said Ramachandran. These sites will house everything from ship manufacturing and equipment production to vendors, bunkering stations, insurance, and ship leasing entities. India's push is driven by a desire to significantly increase India's miniscule share of global shipbuilding, currently below 1%. The Maritime India Vision 2030 and Vision 2047 plans aim to elevate India into the top 10 and then top five shipbuilding and ship-owning countries worldwide, respectively. The target is to raise the share of Indian-built ships in India's fleet from the current 5% to 7% by 2030 and a substantial 69% by 2047. Odisha, Andhra Pradesh and Tamil Nadu have commissioned techno economic feasibility reports, and the government is exploring tie-ups with global shipbuilders for these clusters. While the secretary did not comment on the required investment for these projects, it is estimated that about ₹2 trillion would be required to develop the infrastructure over five to six years. The investment is part of the broader Maritime India Vision 2030, which anticipates a total investment of ₹3-3.5 trillion across ports, shipping, and inland waterways. In addition, three brownfield facilities will be developed: two in Gujarat (a ship repair facility in Vadinar and a shipbuilding facility in Kandla) and one shipbuilding facility near Cochin Port in Kerala. Shipping ministry officials have visited shipbuilding hubs in South Korea, Japan, and Scandinavian countries to explore partnerships and joint venture agreements. Ramachandran indicated that some tie-ups between global shipbuilders and Indian private and state-owned companies could materialize soon. "While we're seeing progress, the global market is still dominated by China, South Korea, and Japan," commented Pushpank Kaushik, CEO & head of business development (subcontinent, middle east and South East Asia) at Jassper Shipping. "To bridge that gap, what's really needed now is a clear push for foreign investment and technology transfer. If policy can make space for that, it'll not only attract global players but also strengthen our position in the international market." Mint had earlier reported about the government's plan to identify locations on both east and west coast of India as part of its ambitious global ship hub plans. The Union budget for FY26 outlined several measures to bolster domestic shipbuilding, including a ₹25,000 crore government-industry partnership Maritime Development Fund; revamping the existing Shipbuilding Financial Assistance to address cost disadvantages; and providing credit notes for shipbreaking to help purchase made-in-India ships. The budget also included large ships in the infrastructure harmonized master list, allowing their purchase on easier terms, while providing basic customs duty exemption on raw materials, components, consumables or parts for 10 more years. India's shipbuilding initiative would also address a concern of the trade about the uncertainty and variability of shipping costs impacting their competitiveness. With better availability of domestic shipping lines at affordable prices, the freight rate volatility due to shock events like covid-19, the Russia-Ukraine war, Red Sea crisis and the Iran-Israel conflict could also be checked.

Finance Minister Nirmala Sitharaman among speculated names for BJP's top post
Finance Minister Nirmala Sitharaman among speculated names for BJP's top post

New Indian Express

timean hour ago

  • New Indian Express

Finance Minister Nirmala Sitharaman among speculated names for BJP's top post

NEW DELHI: Amid growing speculation over the new BJP national president, the names of three women leaders — including Union Finance Minister Nirmala Sitharaman — have suddenly emerged alongwith other prominent figures such as Bhupendra Yadav, Dharmendra Pradhan, Manohar Lal Khattar, Shivraj Singh Chouhan, Pralhad Joshi, and others. Though many senior BJP leaders have not firmly backed the likelihood of any one of the three women being chosen for the top post, the names currently in circulation include former Andhra Pradesh BJP chief Daggubati Purandeswari — often referred to as the "second Sushma Swaraj"— Vanathi Srinivasan (currently the national president of the BJP Mahila Morcha), and Nirmala Sitharaman, the current Finance Minister. Sources have indicated that Purandeswari may not be eligible, as she has not yet completed 15 years in the party following her defection from the Congress — a requirement according to the BJP's constitution, which mandates that a candidate for the national president post must have been a primary member for at least 15 years. However, the party may make an exception in her case. Vanathi Srinivasan, widely recognised within the organisation for the numerous outreach programmes conducted by the Mahila Morcha across the country is another highly placed candidate. However, a key drawback in her case is the limited fluency in the Hindi language, which is considered essential for the role.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store