Union Budget

Welcome measures taken in Budget 2020 - Mr Amit Saraogi, MD, Anmol Feeds Pvt Ltd.

Posted On : 2020-02-03 13:42:16( TIMEZONE : IST )

Welcome measures taken in Budget 2020 - Mr Amit Saraogi, MD, Anmol Feeds Pvt Ltd.

We welcome the measures taken in the Union Budget 2020-2021 pertaining to the agriculture and fisheries sector. I have always maintained that fish is the highest and easiest profit-making commodity and it is a sector that can provide employment to numerous youths. The government has also realized the potential of the sector and proposed schemes that will not only benefit the sector but the overall economy of the country. Adequate focus has been given to the marine fishery resources as well.

The 3477 'SagarMitras' and 500 fish farmer organisations as well as fish processing and marketing will boost employment opportunities in the sector. The aim to increase fish production to 200 lakh tonnes by 2023 will ensure northward growth. Enhancing fishery exports will also add to the growth.

The expansion of agricultural credit to Rs 15 lakh crore will only mean more financial aid for farmers and improve the sector.

However, the livestock feed industry was expecting an address on the raw material deficit as well as pricing issue that has been plaguing the industry for quite long now and offer some relief. Emphasis should have also been given to farmer's price realisation issue in the poultry sector.

The introduction of Kisan Rail by Indian Railways for quick and easy transport of perishables across the country and Krishi Udaan by the Ministry of Civil Aviation on international and national routes will immensely help improve value realisation, especially, in the North East states and tribal districts. This will uplift the sector further.

Source : Equity Bulls