Unlocking Opportunities: The Significance of the India-Maldives Fisheries and Aquaculture MoU for Sustainable Development

India and Maldives Strengthen Fisheries Cooperation

During Prime Minister Narendra Modi’s recent visit to the Maldives, eight agreements were signed, including one focused on fisheries and aquaculture. This partnership aims to boost sustainable fishing and support better aquaculture practices in both countries.

According to India’s Ministry of Fisheries, the agreement looks to enhance tuna fisheries, promote eco-tourism, and invest in scientific research. It focuses on improving the fishing value chain, developing mariculture, and providing training to strengthen the fisheries sector.

The Maldives plans to invest in cold storage units and improve fish processing techniques, which is vital for enhancing its economy. Historically, fishing has been a cornerstone of the Maldivian economy, providing protein and jobs for many. “Fishing is the lifeblood of our nation,” said former President Maumoon Abdul Gayoom, highlighting its importance.

For India, particularly in coastal areas like Lakshadweep, this collaboration can improve fishing practices and incomes. Joint efforts in tuna development and market access will be crucial, especially given the shared ecological and cultural ties between the Maldives and Lakshadweep.

The Maldivian economy heavily relies on tourism and fishing, especially tuna, but technology in their fishing practices is still developing. Former diplomat JK Tripathi noted that India could share advanced fishing technology to help improve Maldivian methods.

The two countries are also keen on addressing illegal and unregulated fishing. With growing global scrutiny, having a shared system for monitoring vessels will help both manage their fishing resources better. This collaboration is timely, as international markets increasingly demand sustainability in fishing practices.

Furthermore, training opportunities at India’s Central Institute of Fisheries Education can empower Maldivian fishermen with essential skills. Nisha Taneja from the Indian Council for Research on International Economic Relations affirmed that India is looking to invest in processing plants in the Maldives to boost fish exports.

In a nutshell, the fisheries agreement between India and the Maldives is about more than just fishing. It’s a step towards stronger ties, improved sustainability, and economic resilience. By focusing on practical projects, both nations are working towards a future that balances economic growth with environmental responsibility.

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BLUE ECONOMY, PM NARENDRA MODI, FISHERIES AND AQUACULTURE, ECO TOURISM, INDIA AND MALDIVES, WHY THE INDIA-MALDIVES MOU ON FISHERIES AND AQUACULTURE MATTERS