Aquaculture industry sceptical about budget sops impact

Updated: Feb 2 2023 10:43PM

Kolkata, Feb 2 (PTI) Even though the Union budget announced the launch of a new sub-scheme under the PM Matsya Sampada Yojana (PMMSY) with a targeted additional investment of Rs 6,000 crore and a reduction in customs duties on shrimp feed raw material imports, the aquaculture and feeds industry remains sceptical.

The government has proposed a reduction in import duty to 5 per cent from 15 per cent for the key raw materials for shrimp feed.

"The additional Rs 6,000 crore in the PMMSY is supplementary to the existing Rs 20,000 crore scheme announced in 2020. Definitely, it will go a long way to deepen the reach of the scheme.