The Government of India has announced a major investment of Rs 39,272 crore aimed at strengthening the fisheries sector, with a strong emphasis on innovation, sustainability, and startup-led growth. The initiative builds on existing frameworks such as the Pradhan Mantri Matsya Sampada Yojana, which seeks to modernise infrastructure and enhance productivity in the sector.

The investment is expected to support the development of modern fishing infrastructure, cold chains, processing units, and export-oriented facilities. It also aims to improve livelihoods for millions of fishermen and promote aquaculture as a key driver of rural economic growth. 

Startups are playing an increasingly important role by introducing technology-driven solutions such as smart aquaculture systems, supply chain optimisation, and sustainable fishing practices. These innovations are expected to reduce waste, improve efficiency, and enhance global competitiveness.

The government’s push aligns with broader goals of achieving food security, increasing exports, and generating employment in coastal and rural areas. The fisheries sector has been identified as a sunrise industry with significant untapped potential.

With this investment, India aims to position itself as a global leader in fisheries production while ensuring environmental sustainability and inclusive growth.