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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
CMFRI prepares draft for national framework for marine ec...
V Sajeev Kumar · 2026-06-16 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Aimed at streamlining seafood certification and enhancing global competitiveness for the country’s marine products, the ICAR-Central Marine Fisheries Research Institute (CMFRI) has prepared a draft for India’s national guidelines for marine eco-labeling.

The draft in the form of a discussion paper proposes a blue print for a comprehensive national framework for regulating and overseeing marine eco-labeling programmes operating in India.

It assumes greater significance at a time when demand for globally recognized sustainability certification of Indian seafood products is growing and many international certification agencies are set to expand their presence in the country.

One of the major highlights of the framework is that it seeks to safeguard the interest of country’s fishing communities while promoting environmental sustainability through eco-labeling, thereby facilitating the Indian seafood premium access to international markets. The eco-label certification is a proof that fish and fishery products originate from sustainable and responsibly managed fisheries.

India currently lacks a national mechanism to govern such certification process, though several global agencies are already active for exploring opportunities in India. The proposed draft ensures such certification schemes operate in alignment with Indian fisheries laws, sustainability priorities and socio-economic realities.

The framework recognises that while eco-labeling can open access to premium international markets and potentially improve returns for fishers, it can also create barriers for small-scale and traditional fishing communities if left entirely to market-driven certification systems.

Considering this, the draft guidelines mandate ensuring equitable stakes of traditional and artisanal fishers in the certification processes, thereby ruling out any chances of excluding legitimate stakeholders from eco-labelling benefits.

The CMFRI draft underscore India’s sovereign rights over marine fisheries resources within its Exclusive Economic Zone (EEZ) and insist that all certification activities must comply with national and state fisheries regulations, biodiversity conservation laws, seafood safety standards and coastal aquaculture regulations. It also focuses on traceability throughout the seafood value chain.

The document further explores the possibility of developing an indigenous Indian marine eco-label that could complement recognised international certification systems.

Published on June 16, 2026