Odisha Government inks lease agreement on Jagatjore Shrimp Culture Project

The Jagatjore-Banapada Shrimp Culture Project was executed at an expense of 25.23 crore rupees by the State Fisheries Department with loan assistance from World Bank.

Created On: Sep 5, 2016 12:56 ISTModified On: Sep 5, 2016 13:01 IST

Odisha Odisha government on 3 September 2016 signed a long-term lease agreement with Falcon Marine Exports for the operation of Jagatjore Shrimp Culture Project in coastal Kendrapara district. Falcon Marine Exports was the highest bidder of the project.

The lease period will be for 15 years which, will fetch revenue of 13 crore rupees to the government.

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Jagatjore-Banapada Shrimp Culture Project

The project was first implemented in 1992-93 in Mahakalpada Tahasil of Kendrapara District executed by the State Fisheries Department. It was executed with loan assistance from World Bank with a cost of 25.23 crore. It was completed in 2000.

Odisha took up the Shrimp culture in 2001, under which 81 lakh rupees was provided to the BPL beneficiaries as working capital. But, the project became defunct as only crop was partially successful.

The government decided to revive the project, which was lying idle for years on the suggestions from the Seafood Exporters Association. The association requested the government to use the developed infrastructure.

NOTE: Odisha in 2015 became the first State of the country to adopt a Comprehensive Fishery Policy. The policy was adopted with an aim to double the fish production and achieve export earnings of 10000 crore rupees within 5 years. Besides, the state in June 2015 also notified the Brackish Water Land Leasing Policy to make available about 24000 hectare of land in coastal area for brackish water aquaculture aiming to change the economy of coastal area.

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