INDIA’S LIFIC CONDUCTED SESSION ON EXPORT POTENTIAL OF SEAFOOD

India’s LIFIC conducted session on Export Potential of Seafood

LIFIC (LINAC-NCDC Fisheries Business Incubation Centre) is set up by NCDC under Pradhan Mantri Matsya Sampada Yojana (PMMSY) & it falls under the category of Central Government entity as NCDC is wholly owned by the Ministry of Cooperation, Government of lndia. LIFIC extend relevant incubation support to young professionals/entrepreneurs, progressive fish farmers, fisheries-based industries and other entities who will operate in collaboration with fisheries cooperatives at various levels namely, primary, district, state, multi-state or at national federation level.

Laxmanrao lnamdar National Academy for Cooperative Research and Development (LINAC), Gurugram, is the training Academy of National Cooperative Development Corporation (NCDC) and has been engaged in research and development, training and consultancy services to strengthen institutional capabilities and human resource in cooperatives and allied sectors.

lt organizes various programmes on improving governance, leadership building, management and various sectoral specific programmes under the cooperative sector. lt also organises international training programmes in association with different international organisations.

As a part of ongoing training program for incubatees, LIFIC conducted the exclusive session on “Understanding International Trade of Seafood with Status & Scope for India” on 31^st March 2023. India’s leading fisheries professional; Co-founder of A2S2 Enterprises & Director of Chamber for Advancement of Small & Medium Businesses (CASMB) Mr Amod Ashok Salgaonkar has been invited to explain the potential of seafood for export and situation of the said category in e-commerce segment of India.

Lecturer Amod Ashok Salgaonkar has covered the topics as global seafood market scenario, HS codes of fish & fishery products, latest trends of Indian seafood market to the world, shrimp import in USA by India, importance of tilapia as a major potential species for trade etc.

The speciality of the session is he has touched on the subject “Blue Bonds Scope for Fisheries & Aquaculture” which very few business professionals are aware of.

He was confident in mentioning that Blue Bond is becoming an important tool globally where few major players across the globe have understood its importance & the concept of “Sustainability Linked Loan” along with ESG incorporation in business is getting fast adopted. “This will become the major & specialised field for fisheries & aquaculture businesses in coming years”, he added later. Most of the participants were already involved in fisheries & aquaculture business and they find not only the lecture useful but also stated that the practical experiences shared will prove useful for them in running the businesses better in future time.

Amod Ashok Salgaonkar was among one of the very few professionals globally and from India who speaks consistently about blue bond & ESG concepts applications in fisheries & aquaculture.

He delivered a global talk on “Increasing Importance of Blue Bonds and Sustainable Finance in Seafood Business” at World Aquaculture & Fisheries Conference in 2022.

He worked with various known modern trade, cash & carry companies in India viz Reliance Retail, Bharti Walmart, METRO Cash & Carry India, HyoerCITY Retail in the past.

He is known internationally for his expertise on “Sustainable Seafood” and he used to be the International Board Member of Friend of the Sea for very long time which is a known International Ecolabel in Fisheries & Aquaculture globally having presence in 100+ countries. Presently he holds the position of Advisory Board Member at Sustainable Seafood Network of India and actively working these days for the promotion of Micro Small and Medium businesses in India. His knowledge on “Alternative Seafood” was well appreciated last year by “Norwegian University of Life Sciences” (NMBU) where he conducted a special session on this innovative category.

Source Press Release