Karnataka leads fish production growth rate
Karnataka has emerged as the leading coastal state with the highest growth of fish production
Mumbai: Karnataka has emerged as the leading coastal state with the highest growth of fish production, according to an independent research and analysis by the Associated Chambers of Commerce and Industry of India (Assocham).
The southern Indian state, according to the Assocham study, recorded a compounded annual growth rate (CAGR) of about 11.48 per cent during 2004-05 and 2010-11.
With about 0.5 million tonnes of annual fish production, Karnataka accounts for almost six per cent of the overall fish production in India which is currently estimated at about 9.1 million tonnes. The Assocham study has pegged the value of the fisheries sector in Karnataka at about Rs40 billion (Dh2.65 billion).
With over 300 kilometres of coastline and almost 0.6 million hectares of inland waters, Karnataka has huge scope for further growth and investments in the fisheries sector. Besides, about 0.8 million fishermen are involved in fishing business across Karnataka.
Amid leading coastal states in India, Andhra Pradesh ranks second in terms of growth in fish production with a CAGR of about 8 per cent and with over 1.35 million tonnes of fish production annually, the state accounts for over 16 per cent of the country's total fish production.
West Bengal (4.85 per cent), Tamil Nadu (4.47 per cent), Gujarat (3.37 per cent) and Odisha (3.25 per cent) are other leading fish producing states in India which recorded fish production growth rate between three and four per cent during 2004-05 and 2009-10.
