How Will GST Reforms Enhance Fisheries, Animal Husbandry, and Dairying Sectors?
Click to start listening
Synopsis
The introduction of next-generation GST reforms is set to revolutionize India's fisheries, animal husbandry, and dairying sectors. Union Minister Rajiv Ranjan Singh emphasizes the importance of these changes in boosting productivity and enhancing global competitiveness. Discover how these reforms can unlock the potential of India’s vast fisheries and animal husbandry resources.
Key Takeaways
- Next-generation GST reforms are aimed at enhancing competitiveness in fisheries.
- Call for collaboration among stakeholders to boost fish productivity.
- Government's commitment to structural transformation in the fisheries sector.
- Unlocking untapped export potential is essential for growth.
- Over 8 crore livelihoods are supported by the fisheries sector.
New Delhi, Sep 6 (NationPress) The Union Minister for Fisheries, Animal Husbandry, and Dairying, Rajiv Ranjan Singh, expressed his support for the newly introduced next-generation GST reforms under Prime Minister Narendra Modi's leadership. He stated that this initiative will significantly enhance the competitiveness of the Fisheries, Animal Husbandry, and Dairying sectors.
During a meeting focused on social welfare and security in the fisheries domain, the Minister called on stakeholders to unite in efforts to boost fish productivity from 5 tons per hectare to 7 tons per hectare in India, ensuring global competitiveness.
He emphasized the necessity of unlocking the untapped export potential of inland states to broaden and fortify India’s seafood export portfolio.
Singh noted that the fisheries sector directly and indirectly sustains over 8 crore livelihoods across the nation.
He reaffirmed the Government's dedication to the sector's structural transformation, mentioning that legislative, policy, institutional, and process reforms (IGoM) have been established with a clear mandate to create a comprehensive roadmap based on four fundamental pillars: legislative, policy, institutional, and process reforms.
These pillars, he stressed, will facilitate the development of a resilient, inclusive, and export-oriented fisheries ecosystem.
Abhilaksh Likhi, Secretary of the DoF, also discussed the untapped export potential within the fisheries sector and highlighted the need to enhance its productivity.
He encouraged States/UTs, fishermen associations, exporters, and industry bodies to collaborate closely and share actionable insights.
The meeting saw participation from a diverse range of stakeholders, including senior officials from the Department of Fisheries, MoFAHD, States/UTs, NFDB, MPEDA, ICAR institutes, the Coastal Aquaculture Authority, the Fishery Survey of India, DoF field institutes, representatives of fishermen associations, industry bodies (FICCI, CII, ASSOCHAM, PHD Chamber), and officials from various Central Ministries.
Point of View
I believe that the recent GST reforms are not just a policy change; they represent a strategic shift towards enhancing India's competitiveness in key agricultural sectors. The government's commitment to structural transformation is commendable, and the collaborative efforts of various stakeholders will be vital in unlocking the full potential of India's fisheries and animal husbandry.
NationPress
06/09/2025
Frequently Asked Questions
What are the key benefits of the new GST reforms for the fisheries sector?
The new GST reforms will enhance the competitiveness of the fisheries sector by streamlining tax structures, reducing costs, and encouraging investments, ultimately leading to increased productivity and export potential.
How can stakeholders contribute to the success of these reforms?
Stakeholders, including States, fishermen associations, and industry bodies, can collaborate by sharing actionable insights and strategies to improve productivity and unlock export opportunities.
What is the government's commitment to the fisheries sector?
The government is committed to a structural transformation of the fisheries sector through comprehensive reforms focused on legislative, policy, institutional, and process improvements.
