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LATEST NEWS UPDATES | Covid-19 inflicts a daily loss of Rs.224 crore to India’s fishery sector -V Sajeev Kumar

Covid-19 inflicts a daily loss of Rs.224 crore to India’s fishery sector -V Sajeev Kumar

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published Published on Apr 20, 2020   modified Modified on Apr 21, 2020

-The Hindu Business Line

Kochi: The Covid-19 lockdown has put the country’s marine fishery sector in deep sea, inflicting a daily loss of 224 crore, a report prepared by the Central Institute of Fisheries Technology (CIFT) said.

The monthly loss for the sector is estimated to be about 6,838 crore; the Kochi-based institute has put 6,008 crore loss to mechanised sector and 830 crore for non-mechanised sector. However, the loss incurred in fish processing, exports and other nodes of the value chain are not considered.

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The Hindu Business Line, 20 April, 2020, https://www.thehindubusinessline.com/economy/agri-business/covid-19-causes-a-daily-loss-of-224-crore-to-indias-fishery-sector/article31388582.ece?homepage=true


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