Gujarat aims to catch US shrimp orders with turtle-safe nets
The Gujarat government has launched a new initiative to boost the state's seafood industry by installing turtle excluder devices in fishing nets. These devices allow shrimp to be retained while ensuring that turtles and other marine life can escape unharmed. The project aims to support over 8,900 fishermen by providing the equipment at no cost, helping them meet international safety standards.
This move is significant for investors as it opens the door to higher seafood exports, particularly to the United States, which has strict environmental regulations. By aligning with these standards, the sector can avoid trade barriers and expand its global market reach. This shift could lead to increased production and better profitability for companies in the seafood supply chain.
Investors should monitor the volume of exports and the adoption rate of these devices. If the initiative successfully secures new orders, it could signal a positive trend for the broader seafood sector. However, long-term growth will depend on consistent compliance and market demand.
Excerpt from Economic Times
Gujarat will install turtle excluder devices in fishermen's nets. This initiative aims to boost seafood exports to the United States and global markets. The government will provide these devices free of cost to 8,925 fishermen. This project will protect marine biodiversity and create new opportunities. The devices…Read the original at Economic Times
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