Aquaculture

Alliance Insurance Brokers plans entry into aquaculture, RE, aviation

Alliance Insurance Brokers Pvt Ltd, which has completed 21 years of operation, is looking to expand into new sectors like aquaculture, renewable energy, aviation and M&A, among others. The company is also getting into the affinity insurance segment and tying up with banks, NBFCs and consumer durables to provide security on either the loans disbursed or the products purchased, Alliance Insurance Brokers said in a statement on Monday. Over the years, Alliance Insurance Brokers has increased its footprint across 14 cities in the country and is working with 14 countries globally. The company is covering around 20-22 prominent sectors, insuring more than 4,000 clients. It has insured over 3,000 international sports events up to date, which cover tournament events such as T20 World Cup and FIFA World Cup. The company enjoys a considerable 45 per cent market share in the raw and unpolished diamond insurance market in India, it said. In the media and entertainment industry, it said, ...

Budget proposals for marine sector to boost India's aquaculture: MPEDA

Budget announcements for the marine sector such as rationalisation of customs duties and financing facilities will help boost the country's India's aquaculture and seafood exports, MPEDA said on Thursday. The Marine Products Export Development Authority (MPEDA) also said the Budget includes a range of strategic measures aimed at bolstering the competitiveness of marine products, with a particular focus on shrimp production and export. Various inputs used in the manufacture of shrimp and fish feed will now enjoy customs duty exemptions, it said adding a number of feed inputs such as mineral and vitamin pre-mixes, krill meal, fish lipid oil, crude fish oil, algal prime, algal oil are fully exempted from any import duty. Artemia and Artemia cysts which are key nutritional inputs in aqua hatchery were also fully exempted from any import duty. The Basic Customs Duty (BCD) on essential aquafarm/ hatchery inputs such as Vannamei and black tiger broodstock, polychaete worms, and fish/shrim

Share of crops declines; livestock and fishing up in agri GVO: NSO

Share of fruits, vegetables has risen from 24.1 per cent to 28.2 per cent between 2011-12 and 2022-23

The success story of fish farming

Composite fish farming has, over the years, witnessed some major modifications. One of its notable new versions is vertical fish culture

Centre issues guidelines on solid waste management in aquaculture units

The regulations impose a ban on burning of plastic

Centre asks UP, Punjab, two other states to tap saline land for aquaculture

The Centre on Wednesday directed Punjab, Haryana, Rajasthan and Uttar Pradesh governments to take steps to tap the potential saline land resources not suitable for farming purposes for promoting aquaculture. In a virtual review meeting, Fisheries Secretary Abhilaksh Likhi said Punjab, Haryana, Rajasthan and Uttar Pradesh should focus on adopting shrimp aquaculture in identified 25 districts to generate employment and livelihood. The four states should include the project proposals for development of their saline affected areas in the Annual Action Plan for the next year for requisite support under a central scheme. "Saline affected areas are not suitable for agriculture. However, there is huge potential to convert these saline affected areas into aquaculture areas," an official statement said. It was agreed in the meeting that there are a number of challenges for saline land aquaculture in these States. To address these challenges, it is felt that an awareness campaign may be ...

Bill to decriminalise offences in coastal aquaculture activities passed

Parliament on Wednesday passed the Coastal Aquaculture Authority (Amendment) Bill, 2023, which aims to decriminalise the offences committed in carrying out coastal aquaculture activities and ensure ease of doing business. The bill was cleared by the Rajya Sabha by a voice vote on Wednesday. It was passed in the Lok Sabha on August 7. Replying to a debate on the bill in Rajya Sabha, Parshottam Rupala, Minister of Fisheries, Animal Husbandry and Dairying, said that India has benefitted from green revolution and white revolution. "Under Prime Minister Narendra Modi's leadership, India will have blue revolution which will take the fisherman community ahead," Rupala said. The Coastal Aquaculture Authority (Amendment) Bill also seeks to expand the scope, remove regulatory gaps and reduce the compliance burden without diluting environmental protection rules in the coastal areas. To decriminalise the offences, the bill seeks to remove the jail term of up to three years and impose only a .

India seeks EU nod for export of farmed shrimps by newly listed firms

India has demanded the European Union to provide permission to newly-listed fishery companies for the export of farmed shrimps and reduce the sampling frequency at the EU border inspection post from the current level of 50 per cent. These issues were flagged by Union Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala in a meeting with the EU delegation led by Virginijus Sinkevicius, European Commissioner for Environment, Ocean and Fisheries here on Thursday. "Various bilateral issues on fisheries and aquaculture were discussed" in the meeting, an official statement said. In the meeting, Rupala requested the EU to reduce sampling frequency for inspection of Indian farmed shrimps at border inspection post of the EU from the current level of 50 per cent to the previous level of 10 per cent. He also requested for re-listing of de-listed fishery establishments, and granting permission to the newly listed fishery companies for export of aquaculture shrimps from India

AIC to launch insurance products for livestock, aquaculture, sericulture

Agriculture Insurance Company of India (AIC) will launch products for the livestock, aquaculture and sericulture sectors for which it has already obtained the licence from IRDAI, a top company official said on Wednesday. AIC already has a 50 per cent market share in the crop insurance market under Pradhan Mantri Fasal Bimal Yojana (PMFBY) scheme which is run by the Centre and state governments. "We have got the license for introducing insurance products for the livestock, aquaculture and sericulture sectors from the regulator IRDAI in last May. We will launch the products after developing them", CMD of AIC Girija Subramanian told reporters on the sidelines of an ASSOCHAM event here. Formed in 2000, AIC has a capital base of Rs 200 crore, contributed jointly by GIC Re at 35 per cent, Nabard at 35 per cent and the balance by the four public general insurers, National Insurance, United India Insurance, New India Assurance and Oriental Insurance. To a query, she said there is no immedi

Livestock, fishing see highest decadal gross value of output growth

"During 2011-12 to 2020-21, there has been a steady growth in the real output of 'fruits and vegetables'

Experts deliberate on scope of genetically modified crops in aquaculture

The workshop highlighted that the introduction of GM crops in the aqua-feed sector would also help reduce the mounting pressure on fishmeal and fish oil and maintain a sustainable aquaculture industry

Annual census of dolphins begins at Odisha's Bhitarkanika, Gahirmatha

The annual census of dolphins began in Odisha's Bhitarkanika national park and Gahirmatha marine sanctuary, officials said on Thursday. Over 100 wildlife experts were conducting the headcount in a three-day exercise, which began on Wednesday, they said. Each team is equipped with binoculars, GPS sets, rangefinders and data recording sheets for a foolproof headcount of the dolphins, officials of the Chilika Development Authority said. The exercise was being conducted using the 'Transact Survey Method', followed worldwide, they said. The Odisha coast has emerged as an ideal habitat for dolphins with an impressive rise of 33 per cent in their population, officials said, quoting the last census. A total of 726 dolphins were sighted during the census conducted in the last December-January season in the five coastal divisions in Chilika lagoon, they said. Six species of dolphins -- Irrawaddy, Bottlenose, Humpback, Striped, Finless and Spinner -- were recorded during the last census, th

Aquaculture startup Aquaconnect raises $15 million to expand business

Aquaconnect, an aquaculture platform, has raised USD 15 million (about Rs 120 crore) from investors to expand its business. The company raised this amount in a Series A funding round led by Lok Capital, with participation from Louis Dreyfus Company Ventures and Suneight Investment. Existing investors also participated in the round. Aquaconnect will use the fund to strengthen its portfolio of scalable solutions that use AI and satellite remote sensing and widen its service offerings in both the pre-harvest and post-harvest aquaculture value chain to input retailers, seafood buyers and other stakeholders, a company statement said. Currently, the company has a network of over 500 rural entrepreneurs, who provide last-mile assistance, serving over 90,000 fish and shrimp farmers. In July last year, Aquaconnect raised USD 4 million in a pre-Series A round. Aquaconnect uses satellite remote sensing and artificial intelligence to enable aquaculture farmers, retailers, and seafood buyers t

Is tilapia the next big idea for boosting India's aquaculture sector?

Rising demand, export potential, ease of production have turned the focus on the humble tilapia

Groundwater report waters down aquifer-level data, say experts

Assessment units too large in size and too few in number to present micro-level picture, they say

Govt to set up agencies for aquaculture and fisheries in coastal states

The government to also allocate additional Rs 1500 crore under the Merchandise Exports from India Scheme (MEIS) to give boost to exports of marine products

Liberalised FDI policy to boost fish processing industry

The 100% FDI in aquaculture and pisciculture is likely to open up the sector to new avenues of financing and access to advanced international aquaculture & cage culture technology