In recent years, the state is having increased fish production and the foreign exchange through the export of fish products. In 2011-12, the state had recorded a fish production of 5.46 lakh metric tonnes (MT) and during 2012-13, it reached to 5.25 lakh MT while the fish production in 2013-14 peaked to 5.55 lakh MT.
The state has also recorded highest foreign exchange through the export of fish products. In 2011-12 the state witnessed Rs 658.46 crore of foreign exchange through fish products and in 2012-13 it increased to Rs 854.95 crore. Again during 2013-14, the state had Rs 1210.37 crore. According to K Abhayachandra Jain, minister for fisheries, the adoption of technology in fishing and use of advanced technology has helped the state in its increased fish production and foreign exchange.
Even the state government since 2011, has spent over Rs 15 crore for the development of fisheries department, fish breading and distribution of its larval. Meanwhile the government has also spent Rs 2.37 crore for developing fish markets and the construction of new fish markets.
K Abhayachandra Jain said,"There is increased demand for fish products around the world and now the production is also increasing. Deep sea fishing through modern boats helped mongers to catch good fishes. Meanwhile the government has also given subsidies in every fishing products and encouraged fishermen community."
"Since the state government was spending only Rs two crore for buying fish larval, the production was limited. Now the ministry is planning to announce Rs 10 crore for the same purpose and increase the production," Jain said.
Furthermore Minister for Fisheries said,"We have project for ten new small ports in three coastal district with the expenditure of Rs 50-75 crores. And two major fishing ports including Kulai and Padubidre with the cost of Rs 125 crores each. This is expected to boost the fishermen in Udupi, Mangalore and Karwar. Apart from this, grants from the union government will also utilised," he said.