Daily News Analysis

Modernization of Paradip Fishing Harbour

stylish_lining

Context: Recently, the Union Minister laid the foundation stone for the Modernisation of Paradip Fishing Harbour.

News:

  • Paradip Fishing Harbour is poised for a transformation as the Central Government greenlights the Modernisation and Upgradation project, receiving 100% central financial assistance under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
  • The Paradip Port Authority is spearheading the implementation of this fishing harbor initiative, with an anticipated completion period of 18 months.

Paradip Port:

  • Situated at the confluence of Mahanadi and the Bay of Bengal in Jagatsinghpur District, Odisha, Paradip Port is a natural, deep-water port.
  • It holds significance as one of the Major Ports and a pivotal fishing harbor in Odisha, leveraging the advantages of soft underwater soil, allowing for flexible depth adjustments based on requirements.

Modernisation Goals:

The modernisation endeavor aims to enhance hygiene, aesthetics, and crucial infrastructure facilities while incorporating mechanized processes for fish handling.

About Pradhan Mantri Matsya Sampada Yojana (PMMSY):

PMMSY is a strategic scheme fostering the Blue Revolution by addressing critical gaps in the fisheries value chain, spanning fish production, productivity, quality, technology, post-harvest infrastructure, and marketing.

It operates under the umbrella of two distinct components: the Central Sector Scheme (CS) and the Centrally Sponsored Scheme (CSS).

Objectives of PMMSY:

  • Elevate the contribution of the fisheries sector to Agriculture GVA to approximately 9% by 2024-25, up from 7.28% in 2018-19.
  • Foster private investment and entrepreneurial growth within the fisheries sector.
  • Modernize and fortify the value chain, emphasizing enhanced traceability and establishing a robust fishery demand.

Government Initiatives for Port Infrastructure Development in India:

Sagarmala Project:

This initiative champions port-led development by harnessing India's coastline, navigable waterways, and strategic positioning on crucial international maritime trade routes. Major ports, managed by the Union Ministry of Shipping, handle international trade, while minor ports, under state government management, focus on coastal and fishing trade.

Project UNNATI:

Aiming to benchmark the operational and financial performance of the 12 major ports against selected Indian private ports and international counterparts, Project UNNATI identifies areas for improvement.

Passage of Major Port Authorities Act 2021:

This legislative act endeavors to decentralize decision-making processes, reinforcing excellence in governance across major ports.

SAROD-Ports:

The SAROD-Ports initiative concentrates on facilitating dispute resolution through arbitrations within the maritime sector, encompassing both ports and shipping.

Collegium System of Judicial Appointments in India

The Collegium system refers to India's judicial process for appointing and transferring judges to the Supreme Court and High Courts. While the system plays a crucial role in maintaining judici
Share It

Sea-Level Rise

Coral micro-atolls are essential natural recorders of sea-level rise (SLR), offering valuable insights into past and present oceanic changes. These disk-shaped coral colonies provide a unique meth
Share It

India’s Strategy in the Indian Ocean

Why the Indian Ocean Matters: Strategic Importance: The Indian Ocean is the third-largest ocean in the world, hosting 1/3rd of the global population and acting as a crucial maritime trade
Share It

ASEAN Centrality

Why in the News? ASEAN’s central role in the Indo-Pacific is increasingly under strain due to rising great-power rivalry, shifting global trade dynamics, and the evolving regional order.
Share It

2025 SCO Summit in Tianjin

The 25th Shanghai Cooperation Organization (SCO) Summit held in Tianjin, China in 2025 brought together the heads of state of member countries to address a broad spectrum of issues, including secu
Share It

India’s Carbon Emissions Trading System

The Ministry of Environment, Forest and Climate Change (MoEFCC) has made a significant stride in India’s climate strategy by setting up the National Designated Authority (NDA) to implement a
Share It

Jan Vishwas (Amendment of Provisions) Bill, 2025

The Jan Vishwas (Amendment of Provisions) Bill, 2025 was introduced in the Lok Sabha to amend various provisions across several central acts with the goal of decriminalizing offences and promoting
Share It

Fair and Representative Global Order

India’s External Affairs Minister recently called for a fair and representative global order during the BIMSTEC Traditional Music Festival. The statement highlights the growing need for reforms
Share It

India's First EMI-Based Credit Card

Recently, Unity Small Finance Bank and BharatPe launched India's first EMI-driven credit card on the RuPay network. This innovative product allows users to pay for their purchases in full or c
Share It

Civil Society Organizations (CSOs)

Why in News? Civil Society Organizations (CSOs) have gained prominence for their vital role in promoting collective action, protecting rights, and filling gaps in governance. They serve as cata
Share It

Newsletter Subscription


ACQ IAS
ACQ IAS