FM announces setting up of 5 major fishing harbours in Union Budget 2021

5 major fishing harbours – Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat – will be developed as hubs of economic activity.

 In the Union Budget 2021, Finance Minister Nirmala Sitharaman proposed substantial investments in the development of modern fishing harbours and fish landing centres. The Finance Minister said that to start with, 5 major fishing harbours – Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat – will be developed as hubs of economic activity. Finance Minister Sitharaman also proposed to develop inland fishing harbours and fish-landing centres along the banks of rivers and waterways. 

Multipurpose Seaweed Park to be established in Tamil Nadu

Recognising the potential in Seaweed farming. The Finance Minister said that it is an emerging sector with the potential to transform the lives of coastal communities – it will provide large scale employment and additional incomes. To promote seaweed cultivation, the FM proposed a Multipurpose Seaweed Park to be established in Tamil Nadu.