The fisheries business seeks to bypass US curbs with a sustainability label
• About 10 Indian marine and saline fish and shrimp varieties are expected to receive Marine Stewardship Council (MSC) certification, with submissions planned for 2026.
• Experts project a 30% revenue increase for the fisheries sector and new market opportunities beyond the U.S. due to potential trade restrictions.
• The certification encourages ecologically sustainable fishing practices and provides steady income for fishing communities.
• The Union Government will subsidize the certification process, managed by third-party auditors, under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
• Global affluent markets, particularly in Europe and Japan, seek sustainably sourced fish.
• Fisheries Development Commissioner K. Mohammed Koya emphasizes the importance of meeting sustainability standards for better market access and pricing.
• The certification process is in its final stages, addressing technical gaps including stock assessments for various species like shrimp, squid, and octopus.
• The process aligns with the FAO’s Code of Conduct for Responsible Fishing and Guidelines for Eco-labelling.
• MSC’s India head Ranjit Suseelan notes that prioritized fisheries are nearing completion of assessments, leading to expectations of certification within the next year.
Bypass US fishing regulations is important topic for Civil service exam (WBCS).
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