Fisheries Startup Conclave 2.0 Set for March 2025
The Department of Fisheries, part of the Ministry of Fisheries, Animal Husbandry and Dairying, is gearing up for the Fisheries Startup Conclave 2.0, scheduled for March 8, 2025, in Hyderabad, Telangana. This significant event will feature Union Minister Shri Rajiv Ranjan Singh and other key officials, alongside a diverse group of fisheries startups and entrepreneurs. The conclave aims to foster innovation and collaboration within the fisheries sector, highlighting new opportunities and technological advancements.
Event Highlights and Objectives
The Fisheries Startup Conclave 2.0 is designed to bring together essential stakeholders to discuss the future of the fisheries sector. Attendees will engage in discussions about startup opportunities in fisheries and aquaculture, as well as explore e-commerce prospects within the industry. A key feature of the event will be the launch of the National Fisheries Digital Platform (NFDP) Mobile App, which aims to enhance digital access to fisheries-related services. Additionally, the conclave will introduce the Fisheries Startup Grand Challenge 2.0, reinforcing the government’s commitment to promoting entrepreneurship and technological innovation in this vital sector.
Furthermore, the event will recognize emerging enterprises by distributing Entrepreneur Model approvals to fisheries startups. This initiative is expected to strengthen the fisheries startup ecosystem, providing essential support to new businesses. A technical feedback and interaction session will also be held, allowing participants to discuss the current state of the fisheries ecosystem in India. This session will feature insights from the National Fisheries Development Board (NFDB) and the Indian Council of Agricultural Research (ICAR), along with experiences shared by successful fisheries startups.
Significance of the Fisheries Sector in India
India’s fisheries and aquaculture sector is a crucial contributor to the economy, sustaining approximately 30 million livelihoods and driving employment throughout the value chain. Since 2015, the government has invested over ₹38,572 crore in initiatives such as the Blue Revolution Scheme and the Pradhan Mantri Matsya Sampada Yojana (PMMSY) to promote sustainable growth in this sector. The rapid expansion of fisheries and aquaculture has led to the emergence of more than 300 startups, which are leveraging advanced technologies like blockchain, IoT, and AI to tackle grassroots challenges and enhance productivity.
The Department of Fisheries has implemented various initiatives to support these startups, including the Matsya Manthan series, which facilitates knowledge exchange among stakeholders. To further bolster the fisheries startup ecosystem, dedicated incubation centers have been established, such as the LINAC-NCDC Fisheries Business Incubation Centre in Gurugram and a similar center at Guwahati Biotech Park. These centers aim to support at least 100 fisheries startups, cooperatives, and self-help groups, ensuring a robust framework for innovation and growth in the sector.
Future Prospects and Government Support
The government is committed to fostering a conducive environment for innovation in the fisheries sector. Regular stakeholder consultations are conducted to address challenges faced by startups, provide financial assistance, and shape policy interventions that drive growth. By focusing on collaboration and technological advancements, the Fisheries Startup Conclave 2.0 aims to create a vibrant ecosystem that not only supports existing enterprises but also encourages new ventures in the fisheries and aquaculture sectors.
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