INDIA: converting 1.000 vessels to tuna long liners

The Indian press has echoed the initiative of the Marine Products Export Development Authority (MPEDA) convert 1,000 fishing vessels to tuna long liners.

To this end MPEDA has put in place schemes providing subsidies for conversion of existing fishing vessels to tuna long liners, interest subsidy for resource-specific tuna long liners.

The author of the The Hindu's article over the subsidy programme for tuna fishing says:

It is expected that India will have a very large efficient and effective fleet of tuna long liners by 2012 and become one of the world leaders in the supply of tuna especially the high value tuna.

The full text of the article can be found here:

http://www.hindu.com/2009/01/11/stories/2009011154891300.htm

For those interested in the currently available subsidy programmes in India hereunder is the link to the MPEDA website with information on 28 fisheries and fish farming related subsidy programmes.

http://www.mpeda.com/inner_home.asp?pg=subsidy/subsidy.htm