August 12, 2024 - The Indian Marine Ingredients Association (IMIA) has welcomed the decision by the Marine Products Export Development Authority (MPEDA) to lift the moratorium on the registration of new fish meal and fish oil units and endorse additional capacity. This pivotal move is set to revitalise the industry and ensure a sustainable future for India's fishing and aquaculture sectors.
Key highlights
- Global leadership - India ranks as the world's third-largest producer and exporter of fish meal and holds prominent position as the third-largest contributor in the Indian fisheries sector.
- Sustainability initiatives - Major raw material used for fishmeal is small pelagic which is low value fish, highly resistant, low human preference, sustainable and abundant in Indian waters. The industry is committed to waste management and resource conservation, transforming byproducts into valuable protein sources.
- Protein fulfilment - Fish meal plays a crucial role in meeting the protein needs of aquaculture, poultry and livestock, supporting food security.
- Support for fishermen - The industry significantly contributes to the livelihoods of Indian fishermen and generates substantial revenue for local communities.
- Economic and environmental growth - MPEDA's decision underscores a commitment to balancing economic growth with environmental sustainability. The authority's actions to address illegal production and unethical practices by one producers from Udupi is commendable and essential for the industry's integrity.
- United effort for progress - Being a multi-stakeholder sector, fisheries require a united approach to ensure waste management, resource conservation, livelihood security, productivity and overall welfare for all involved entities.
The fish meal industry stands poised for a new era driven by innovation and economic opportunity. IMIA say they would like to extend its gratitude to the Government for its forward-thinking approach and the framework provided to guide the industry towards a prosperous future.
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The Aquaculturists
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