Odisha Government Approves ₹2,000 Crore Deep Sea Fishing Initiative to Boost Marine Exports

Written by: Team Angel OneUpdated on: 2 Jul 2026, 4:57 pm IST
Odisha government approves ₹2,000 crore deep sea fishing mission, aiming to boost fish production by 2 lakh metric tonnes and create 50,000 jobs.
Odisha Government Approves ₹2,000 Crore Deep Sea Fishing
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The Odisha government has sanctioned a deep sea fishing mission with an outlay of over ₹2,000 crore to establish the state as a marine export hub as per The PTI news report. This plan, spanning 2026-2036, will enhance fish production and employment opportunities. 

Details of the Odisha Deep Sea Fishing Initiative 

On July 2, 2026, a proposal for the deep sea fishing mission was approved at a cabinet meeting led by Chief Minister Mohan Charan Majhi. This initiative from the Fisheries and Animal Resources Development Department is designed to harness Odisha's offshore fisheries potential and catalyse growth in the blue economy, according to Chief Secretary Anu Garg. 

The mission's objectives include promoting sustainable fishing practices, modernising fisheries infrastructure, and increasing seafood exports. It is estimated that ₹2,295.45 crore will be spent over a 10-year period, with implementation occurring in phases through the convergence of various schemes and partnerships. 

Expected Outcomes of the Mission 

The state aims to generate an annual increase of 2 lakh metric tonnes in marine fish production, creating over 50,000 employment opportunities. Additionally, Odisha's marine exports are expected to hike to ₹5,000 crore annually by 2036, according to officials. 

Read More: India Eyes 30-Day LPG Stockpile as BPCL Drives Major Storage Push! 

Additional Approvals by the Odisha Cabinet 

Apart from the fishing mission, the Odisha cabinet approved multiple infrastructure projects. These include flyovers between Jaydev Vihar and Nandankanan in Bhubaneswar, with a budget of ₹579 crore, targeted for completion within 2 years. 

The establishment of State Data Centre 2.0 was also approved, involving a ₹268.44 crore upgrade of the existing data centre. Furthermore, two in-stream storage structures will be constructed on the Tel and Ong rivers, enhancing water resource management. 

Focus on Education and Welfare Programmes 

In addition to infrastructure, the cabinet approved mid-day meals for 46.6 lakh secondary school students under the Mukhyamantri Poshan Yojana, backed by an expenditure of ₹3,506.99 crore over the next 4 years. 

Conclusion 

The Odisha government's deep sea fishing mission, with a budget exceeding ₹2,000 crore, aims to amplify fish production by 2 lakh metric tonnes yearly and create 50,000 jobs. The initiative also expects an increase in marine exports to ₹5,000 crore annually by 2036. 

Want to track these market movements in Hindi? Visit Angel One News for daily updates and comprehensive share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jul 2, 2026, 11:27 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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