Context: Recently, the Union Minister laid the foundation stone for the Modernisation of Paradip Fishing Harbour.
- Central Government has approved Modernisation and Upgradation of Paradip Fishing Harbour with 100% central financial assistance under the Pradhan Mantri Matsya Sampada Yojana (PMMSY)
- Implementation: This fishing harbour project is implemented by Paradip Port Authority with a completion period of 18 months.
About Paradip Port
- It is a natural, deep-water port located on the confluence of Mahanadi and the Bay of Bengal in Jagatsinghpur District, Odisha.
- Importance: It is one of the Major Ports and an important fishing harbor in Odisha.
- Advantage: Paradip Port enjoys the advantages of soft underwater soil so that it can be deepened to any depth depending upon the need.
- Modernisation: Modernisation will improve the Hygiene, and aesthetics and upgrade the essential infrastructure facilities, mechanizing the fish handling process.
About PM Matsya Sampada Yojna (PMMSY)
- PMMSY is a scheme to usher Blue Revolution by addressing critical gaps in the fisheries value chain from fish production, productivity and quality to technology, post-harvest infrastructure and marketing.
- It is an umbrella scheme with two separate components namely
- Central Sector Scheme (CS)
- Centrally Sponsored Scheme (CSS)
- It aims to
- Increase the contribution of the fisheries sector to the Agriculture GVA to about 9% by 2024-25 from 7.28% in 2018-19.
- Facilitate private investment and growth of entrepreneurship in the fisheries sector.
- Modernize and strengthen the value chain, enhance traceability, and establish a robust fishery demand.
Must Refer: Harnessing the Potential of Fisheries Sector in the Marine States |
Government Initiatives for Development of Port Infrastructure in India
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- It promotes port-led development in the country through harnessing India’s coastline, navigable waterways, and strategic location on key international maritime trade routes.
Major port |
Minor port |
Managed by Union Ministry of Shipping |
Managed by State Government |
Handles international trade |
Handles coastal and fishing trade |
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Project UNNATI:
- It will benchmark the operational and financial performance of the 12 major ports with selected Indian private ports and best-in-class international ports for identifying improvement areas.
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Passage of Major Port Authorities Act 202:
- The Act aims to decentralize decision-making and reinforce excellence in major port governance.
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SAROD-Ports:
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- The initiative aims to assist in the settlement of disputes through arbitrations in the maritime sector, including ports and shipping
Also Read: Indian Ports Hold The Key To Growth & Employment
Additional Reading: Major Ports in India
News Source: PIB