October 1, 2020

AQUACULTURE: With tech-savvy Dubai, UAE-India partnership can alter world fisheries state of affairs



India and the UAE have a long-standing relationship that has reached newer heights particularly over the last 5 years. As the 2 nations widen their engagement in quite a lot of areas, they’ll additionally come collectively to deal with points associated to meals safety with particular thrust on aquaculture and sustainable fishing practices. Aquaculture gives a standard thread to the 2 nations as a result of the UAE continues to be importing 80 per cent of its meals whereas India is trying to pip China because the world’s main fish producer.

Aquaculture can hasten UAE’s efforts to attain the self-set goal of grabbing the #1 place within the World Meals Safety Index by 2051 and within the case of India the identical can usher within the much-awaited Blue Revolution 2.0. Two key elements, nonetheless, will drive the success of the 2 nations although, particularly, Dubai’s inherent technological strengths (within the case of the UAE) and India’s potential to benefit from its wealthy inland assets to spice up fish manufacturing. India’s inland assets embody 195,210 kms of rivers/canals, 2.9 million hectares of minor/main reservoirs, 2.four million hectares of ponds/lakes and about 0.eight million hectares of flood plain wetlands and never even 2 per cent of those are being utilized at present.

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This realisation not too long ago had prompted the Indian Authorities to speculate Rs.25,000 crore in inland assets, down subsequent 5 years, to spice up fish manufacturing. Equally, UAE too is making severe efforts to increase its aquaculture panorama. Affirming that the UAE’s aquaculture is about for substantial development, Minister of State for Meals Safety Mariam Al Mheiri says: “It will be topic to federal revolutionary measures designed to boost its operations and output, in addition to substantive authorities initiatives to extend its attractiveness to buyers.”

“Meals safety is essential for the UAE. Even within the ongoing pandemic state of affairs, it is ready to handle its provide chains effectively. It is because the nation is politically and economically steady. However, to attain its 2051 goal, the nation has to speculate huge time in aquaculture,” says Shaji Child John Chairman and Managing Director, Kings Infra Ventures Ltd, a number one participant in India’s aquaculture panorama.

Shaji acknowledges the truth that the UAE for a while now has been actively encouraging revolutionary, technology-driven agricultural practices which embody vertical and sensible farming, hydroponics and aeroponics. “However, if you happen to ask me, I’ll say aquaculture needs to be the nation’s prime precedence as a result of earlier than the arrival of oil, fishing was the important thing livelihood of individuals there. It means the nation, particularly Dubai, has inherent strengths in fisheries sector,” he avers. He believes that Dubai will play a key position in driving UAE’s ambitions as a result of its robust fisheries custom is matched by innovation, know-how and a vibrant startup ecosystem.

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Aquaculture consultants level out that the UAE will want giant investments and strategic partnerships to get desired outcomes. Al Mheiri who expects aquaculture to develop into one of many nation’s “breakout industries” concurs when she says that it’s essential to draw extra funding on this sector as a result of aquaculture represents a central part of the UAE’s Nationwide Meals Safety Technique, with fish recognized as considered one of its 18 strategic meals objects.

Aquaculture, is likely one of the key industries for the UAE to achieve its 2051 goal for quite a lot of causes. First, the world’s urge for food for fish and fish merchandise has not slowed down as international seize fisheries and international aquaculture manufacturing rose by 14 per cent and 527 per cent respectively between 1990 and 2018. The whole meals fish consumption additionally witnessed a 122 per cent development for a similar interval. What’s extra fascinating is that international per capita fish consumption at present stands at 20.5 kg in comparison with the 9.Zero kg again in 1961. The UAE is one among the many 5 nations that account for the best per capita fish consumption at 25.5 kg, and the hole between manufacturing and demand can widen with the expansion of inhabitants within the area.

It’s estimated that the UAE at present consumes about 22,000 tonnes of fish a yr, over 85 per cent of which is imported whereas aquaculture gives solely 2 per cent of the fish consumed domestically. That is regardless of the UAE being dwelling to quite a lot of fish hatcheries together with Fish Farm LLC in Dubai and Sheikh Khalifa Marine Analysis Centre and Marine Research Centre at Abu Al Abyad Island with a mixed annual manufacturing capability of 35 million. The federal government expects this funding to stream from non-public sector as a result of Al Mheiri herself describes non-public sector “as a vital spine in our blueprint for aquaculture within the UAE.” There’s not a lot doubt that aquaculture sector within the UAE will trip on the shoulders of personal sector.

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Strategic Partnership alternatives between Dubai and India within the Aquaculture area is a brand new promising territory with data and know-how trade capabilities in farm automation, IoT, drone administration of offshore websites amongst different processes. By the 100% FDI norms within the Aquaculture business in India and Dubai’s sturdy logistics and re-export infrastructure, together with world class airports and seaports, not solely UAE’s meals safety imaginative and prescient but in addition the worldwide market wants may be addressed by gamers trying to make investments on this rising business.

Disclaimer: This text has been produced on behalf of Enterprise in Dubai by Mediawire crew.