Mumbai, Feb. 7 -- The Union Budget 2025-26 has proposed the highest annual budgetary support of Rs.2,703.67 crore for the fisheries sector.

"India ranks second-largest globally in fish production and aquaculture. Seafood exports are valued at Rs.60,000 crore," Union finance minister Nirmala Sitharaman said in her budget speech on 1 February.

She added that to unlock the marine sector's untapped potential, the government will establish an enabling framework for sustainable harnessing of fisheries from the Indian Exclusive Economic Zone and the high seas, with a special focus on the Andaman and Nicobar and Lakshadweep islands.

Avanti Feeds Ltd, an integrated seafood company that manufactures and exports animal feed and shrimp products, s...