India losing crores due to illegal fishing: report

India losing crores due to illegal fishing: report
According to report conducted by International NGO Greenpeace, India is deprived thousands of crore every year because of illegal fishing from its ocean by foreign ships.
Supposed by Greenpeace, the loss of the income is generally because of the India’s incorrect course of action from the government which they called “letter of permit” (LOP) in effect since 2002.
For the past ten years, it was brought to develop the deep sea fishing. On the program brought by the ministry of agriculture, the fishing industries in India are permitted to buy tuna fishing vessels from international companies and manage them under the waters of India.
Based on the report, those fishing vessels are consisting of many foreign people and they have multiple registration.
According to the president of association of Indian fisheries industries, Dr Y G K Murthy, both fishing firms and India itself doesn’t gain any contribution from the program. It is believed that approximately Rs 11 crore every season had been profited by every fish vessel through the number of catch and in to bring back, India gets a onetime licensing charge amounting to Rs 10,000. As a result, LOP program is managing, purposely or differently, the plunder of oceanic resources and the revenue of India.
L. Kaur