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Recent Current Affairs related to Blue Economy

6 News
11 July 2026 NATIONAL

The Department of Fisheries has organised the national launch of the 'Letter of Authorisation' (LoA) for Sustainable Harnessing of Fisheries in the High Seas in Bhubaneshwar, Odisha.

Vice President CP Radhakrishnan presided over the event and launched the LoA for Sustainable Harnessing of Fisheries in the High Seas. He also unveiled the 'Odisha Deep Sea Mission Document'.

30 June 2026 REPORTS

According to the "State of World Fisheries and Aquaculture (SOFIA) 2026" report released by the Food and Agriculture Organization (FAO) under the theme "Blue Transformation: Turning Vision into Impact", India has emerged as the world's second-largest producer of aquatic animals, contributing 9% of the total global production in 2024.

India ranks first globally in inland water catches, producing 2.2 million tonnes (MT) from rivers, lakes, and freshwater systems. The top five aquaculture-producing countries globally are China, Indonesia, India, Vietnam, and Bangladesh.

23 May 2026 ECONOMY

According to the Ministry of Commerce and Industry (MoC&I), the European Union (EU) has emerged as the third-largest seafood export market for India in FY26, after the USA and China. India’s seafood exports to the EU stood at $1.593 billion, contributing 18.94% of the total seafood export value and showing robust growth in both value and quantity.

17 April 2026 STATE

The Odisha government has signed an MoU with the National Centre for Coastal Research (NCCR), an agency under the Ministry of Earth Sciences, to implement a specialized Marine Spatial Plan (MSP).

The MSP aims to maintain a balance between the coastal economy and the marine environment of the state. It is to be noted that Odisha is the first state in India to initiate the second phase of the national sustainable ocean planning initiative.

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