With the seafood industry finding itself in troubled waters due to a variety of reasons, the exporters and trawler operators are baying for a bailout package from the new government at the Centre.
Achieving the export target of USD 15 billion (EUR 11 million) by 2015 turning into a Herculean task, the industry is looking at a booster dose with a slew of incentives. The most important among them is to dispense with Letters of Permission (LoP) being given to some foreign vessels registered in the name of Indian firms.
“To put an end to overexploitation of fish resources, we are sensitizing the industry on sustainable technologies. Even the LoP system may soon become a closed chapter,” Y.S. Yadava, Director of Bay of Bengal Program (an inter-governmental organization) and former Central Fisheries Commissioner, has told The Hindu.
