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Seaweed Value Chain Development
August 24 , 2024
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- Recently, NITI Aayog has laid down a comprehensive roadmap to promote the seaweed cultivation in India.
- It published a report titled “Strategy for the development of Seaweed Value Chain”.
- Seaweeds are the primitive, marine non-flowering algae without root, stem and leaves and play a major role in marine ecosystems.
- Large seaweeds form dense underwater forests known as kelp forests.
- India harvests approximately 33,345 tonnes (wet weight) of seaweeds annually from natural beds, primarily in Tamilnadu.
- India’s annual seaweed revenue, around Rs 200 crores, contributes less than 1% of global production.
- The government aims to increase the allied sector’s share of gross value added in agriculture to 9% in 2024-25 from 7.28% in 2018-19.
- In 2021, the global seaweed market stood at USD 9.9 billion.
- Major trading countries included China, Indonesia, the Philippines, the Republic of South Korea, and Malaysia.
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