
Bhubaneswar-based CIFA to lead multi-country effort to improve livelihood of aquaculture farmers
The SAARC Development Fund (SDF), in partnership with leading national institutions and technical government agencies of the five SAARC member countries recently launched an initiative titled 'Livelihood Enhancement of Small-Scale Fish Farmers and Nutrition Security of Rural Masses in the SAARC Region through Aquaculture Development (AquaLivelihood)' in Colombo.
According to CIFA, the three-year initiative represents a total investment of $3.97 million, including a $3.23 million grant from SDF and $739,109 in in-kind co-financing.
'The project will directly benefit over 120,000 rural households, 30% of whom are women, across Bangladesh, Bhutan, India, Nepal and Sri Lanka,' said Shiba Shankar Giri, scientist of ICAR-CIFA, Bhubaneswar, who is leading the Aqua-livelihood project as the project coordinator.
Under the initiative, strengthening the livelihoods of small-scale aquaculture farmers and addressing malnutrition through sustainable fish production systems would be given priority.
Dr Giri said, 'the project will be implemented through three strategic components - survey and technology identification, infrastructure development and capacity Building and knowledge sharing.'
With its strong emphasis on scientific innovation, inclusive development and policy synergy, AquaLivelihood is set to become a flagship regional initiative driving equitable growth, resilient food systems, and long-term prosperity across the region, CIFA said in a statement.
It said fish remains a key protein source in South Asia, sharing over 60% of animal protein supply in countries like Bangladesh, Sri Lanka and Nepal.
'Aquaculture has shown significant growth in the region with 11% in Nepal, 5.4% in Bangladesh, and 6-8% in India over the past decade. The fisheries sector is also a major economic driver, contributing 24% of agricultural GDP in Bangladesh and supporting the livelihoods of millions,' it further said.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
2 days ago
- Time of India
PM Modi to launch National Natural Farming Mission on August 23: Shivraj Singh Chouhan
Prime Minister Narendra Modi will launch the National Natural Farming Mission at the Indian Council of Agricultural Research (ICAR) in New Delhi on August 23, Union Agriculture Minister Shivraj Singh Chauhan said on Thursday. Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker After a meeting with state agriculture ministers via video conferencing, Chouhan told reporters here, "The National Natural Farming Mission was also discussed. Prime Minister Modi will launch it at ICAR in Pusa (Delhi) on August 23," he said. The National Natural Farming Mission is aimed at improving soil health and restoring ecosystems, and reducing input costs to the farmer to achieve greater climate resilience. In November last year, the Modi government had approved the mission as a centrally sponsored scheme. The outlay for this scheme till the 15th Finance Commission (2025-26) is Rs 2,481 crore, including the Centre's share of Rs 1,584 crore and Rs 897 crore by the states. Chouhan said this year has seen a bumper crop, with the country setting new records in the production of wheat and paddy. There has also been a significant increase in the production of soybeans and groundnuts, he said. Live Events "The concern is now about Rabi crops, so a comprehensive action plan was discussed with the state agriculture ministers," he said. During the upcoming Rabi season, a 'Rabi Sammelan' will be organised in Delhi on September 15-16, and a 'Developed Agriculture Sankalp Abhiyan', which will be run as 'Vijay Parv', will be held in the country from October 3 to 18, he said. Chouhan said, "This time we will make a new record in the (production of) Rabi crops." The Union minister said that to achieve self-sufficiency in pulses and oilseeds, the states have been asked to intensify efforts. He said that during these events, an action plan for the agriculture sector will be made for the next five years, and suggestions will also be taken from progressive farmers and experts.


Time of India
3 days ago
- Time of India
India's quasi-wealth fund seeks to double assets to $10 billion in next 30 months
Live Events India's $4.9 billion quasi-sovereign wealth fund is seeking to double its assets under management to $10 billion within the next 30 months, fueled by surging demand for urban infrastructure in the world's fastest-growing major National Investment & Infrastructure Fund , backed by the Indian government alongside global investors such as Temasek Holdings Pte, Abu Dhabi Investment Authority and AustralianSuper Pty, is capitalizing on a big funding gap in the sector, according to Vinod Giri, managing partner for its infrastructure fund.'We are seeing significant amount of investment requirements — almost double of what we have been seeing over the last five to seven years, across subsectors,' said Giri, who heads NIIF's flagship infrastructure fund labelled the Master move comes as the likes of KKR & Co., Brookfield Asset Management Ltd. and GIC Pte are pumping in hundreds of millions of dollars to develop the country's roads, renewable energy projects, telecom towers, warehouses and data centers. Prime Minister Narendra Modi faces pressure to upgrade India's inadequate infrastructure and match the country's aesthetics to its ambitions - or in his words, create 'several Singapores' in the nation. Yet long delays, bad contracts and high costs remain big with much fanfare in 2015 under Modi's administration, NIIF marks the country's first big attempt to develop a capital-raising structure on home soil even as many sovereign entities make direct investments in India. The fund also counts local investors among its which currently has assets across its four strategies of infrastructure, climate, private markets and growth equity — is now raising $4.5 billion across successor funds for infrastructure and private markets, Giri said, adding that the firm is seeking to close it in three said NIIF anticipates most of its existing investors from the first fund to return to its second one for which it expects to mark the first close by early 2026. Funds typically start investing after raising a portion of the targeted corpus as part of the first the second infrastructure fund, Giri expects a new set of investors from Australia, Japan, US, Europe and recent successful stake sales are likely to support the fundraising attempts, Giri said. NIIF sold its renewable platform in February. It has also disposed three out of five of its road assets in fund achieved a distribution to paid-in capital of 50% with its two exits, said Giri, adding that it means 'for every dollar that our investors have given us till now, we managed to return half of that back to them.'
&w=3840&q=100)

Business Standard
3 days ago
- Business Standard
India's quasi-sovereign wealth fund seeks to double assets to $10 bn
The move comes as the likes of KKR & Co., Brookfield Asset Management Ltd. and GIC Pte are pumping in hundreds of millions of dollars to develop the country's roads, renewable energy projects Bloomberg India's $4.9 billion quasi-sovereign wealth fund is seeking to double its assets under management to $10 billion within the next 30 months, fueled by surging demand for urban infrastructure in the world's fastest-growing major economy. Mumbai-based National Investment & Infrastructure Fund, backed by the Indian government alongside global investors such as Temasek Holdings Pte, Abu Dhabi Investment Authority and AustralianSuper Pty, is capitalising on a big funding gap in the sector, according to Vinod Giri, managing partner for its infrastructure fund. 'We are seeing significant amount of investment requirements — almost double of what we have been seeing over the last five to seven years, across subsectors,' said Giri, who heads NIIF's flagship infrastructure fund labelled the Master Fund. The move comes as the likes of KKR & Co., Brookfield Asset Management Ltd. and GIC Pte are pumping in hundreds of millions of dollars to develop the country's roads, renewable energy projects, telecom towers, warehouses and data centers. Prime Minister Narendra Modi faces pressure to upgrade India's inadequate infrastructure and match the country's aesthetics to its ambitions - or in his words, create 'several Singapores' in the nation. Yet long delays, bad contracts and high costs remain big challenges. Created with much fanfare in 2015 under Modi's administration, NIIF marks the country's first big attempt to develop a capital-raising structure on home soil even as many sovereign entities make direct investments in India. The fund also counts local investors among its backers. NIIF, which currently has assets across its four strategies of infrastructure, climate, private markets and growth equity — is now raising $4.5 billion across successor funds for infrastructure and private markets, Giri said, adding that the firm is seeking to close it in three years. Giri said NIIF anticipates most of its existing investors from the first fund to return to its second one for which it expects to mark the first close by early 2026. Funds typically start investing after raising a portion of the targeted corpus as part of the first close. For the second infrastructure fund, Giri expects a new set of investors from Australia, Japan, US, Europe and Korea. NIIF's recent successful stake sales are likely to support the fundraising attempts, Giri said. NIIF sold its renewable platform in February. It has also disposed three out of five of its road assets in June. The fund achieved a distribution to paid-in capital of 50% with its two exits, said Giri, adding that it means 'for every dollar that our investors have given us till now, we managed to return half of that back to them.'