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Home / Agriculture / DIRECTOR OF FISHERIES, ODISHA SIGNS LEASE AGREEMENT ON JAGATAJORE SHRIMP CULTURE PROJECT WITH FALCON MARINE EXPORTS PVT. LTD.

DIRECTOR OF FISHERIES, ODISHA SIGNS LEASE AGREEMENT ON JAGATAJORE SHRIMP CULTURE PROJECT WITH FALCON MARINE EXPORTS PVT. LTD.

 DIRECTOR OF FISHERIES, ODISHA SIGNS LEASE AGREEMENT ON JAGATAJORE SHRIMP CULTURE PROJECT WITH FALCON MARINE EXPORTS PVT. LTD.

112Bhubaneswar, 02.09.2016:  Director of Fisheries, Odisha has signed a lease agreement on Jagatjore Shrimp Culture Project with Falcon Marine Exports Pvt. Ltd. today in the presence of Minister, Agriculture & Farmers’ Empowerment, Fisheries & Animal Resources Development Sri Pradeep Maharathy, MLA, Bhubaneswar North Sri Priyadasi Mishra, MLA, Bhubaneswar Middle Sri Bijay Mohanty, Mayor, Bhubaneswar Municipal Corporation Sri Ananta Narayan Jena, President, Fishfed Sri Prasad Dora, Commissioner-cum-Secretary Sri Bishnupada Sethi. Speaking on this occasion, Minister Sri Maharathy said that Odisha is the first State of the Country to have adopted a Comprehensive Fishery Policy in 2015 with an aim to double the fish production and achieve export earnings of 10,000 crore within 5 years. Besides, the Government has notified the Brackish Water Land Leasing Policy to make available about 24,000 hectare of land in coastal area for brackish water aquaculture aiming to change the economy of coastal area.        He also said that Jagatjore-Banapada Shrimp Culture Project was implemented in 1992-93 in Mahakalpada Tahasil of  Kendrapara District. The project was executed by the State Fisheries Department with loan assistance from World Bank with a cost of  25.23 crore. The project was completed in 2000. In the project, 405 nos. of  ponds, each having 0.5 hectare water area, were allotted to 405 beneficiaries of lower income group and 76 numbers of large ponds, each one hectare area,were allotted  to 11 numbers of Entrepreneurs. Shrimp culture was taken up in 2001 and  81 lakh were provided to the BPL beneficiaries as Working Capital. Only one crop was partially successful and after that the project became defunct. The entrepreneurs and the farmers sustained heavy losses and did not refund their sub­ loan and the leases were cancelled.Several suggestions were received from the Seafood Exporters Association for making use of the infrastructure developed under the project. Hon’ble Chief Minister Sri Naveen Patnaik took a meeting on 02.09.2004 and  decided to sell out the project. Accordingly, one consultant was engaged for valuation of the assets. Subsequently, it was decided to go for long term lease of the project instead of outright sale.   As per the decision, the lease process was finalized by the Directorate of  Fisheries in which Falcon Marine Exports Ltd. has been selected as the highest bidder for three nos. of clusters in Jagatjore, with a gross area of 433 hectare comprising 437 nos. of culture ponds spread over 257 hectare of water area. The lease period will be 15 years during which, the Government will get revenue of.13.00 crore from the Lessee.It is expected that about 2500 MT of  L.Vannamei shrimp will be produced in the initial year with a value of about 100.00 crore. The success of the project will generate employment and interest among the farmers of the area for better aquaculture practices

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