Fishers flag concerns over move, term it disastrous
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Entry of foreign firms for deep-sea fishing termed
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Entry of foreign firms for deep-sea fishing termed
Representatives of the All Kerala Fishing Boat Operators Association, who had approached both the State and the Centre for support to conduct deep-sea fishing, say the entry of foreign firms in the sector will be disastrous.
“We already have more than enough trawlers and they are talking about launching a fleet of 400 extra vessels. The mechanised sector has been struggling due to the depletion in marine stock and the project is not at all viable. Last year, shipyard had built 40 vessels for the fishers from Thrissur with a Central subsidy of ₹1 crore. At present the vessels are operating at a loss,” says Joseph Xavier Kalappurakkal, general secretary.
Money Laundering Case: ED Attaches Rs 17 Cr Assets Of Amnesty International India
The assets belong to two entities of Amnesty International Amnesty International India Pvt Ltd (AIIPL) and Indians for Amnesty International Trust (IAIT) File Photo Outlook Web Bureau 2021-02-16T21:00:25+05:30 Money Laundering Case: ED Attaches Rs 17 Cr Assets Of Amnesty International India outlookindia.com 2021-02-16T21:07:07+05:30
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The Enforcement Directorate on Tuesday said it has attached Amnesty International India’s assets worth Rs 17 Crore in connection with a money laundering case.
The central agency alleged that two entities of Amnesty International Amnesty International India Pvt Ltd (AIIPL) and Indians for Amnesty International Trust (IAIT) acquired various proceeds of crime and “layered the same in the form of various movable properties”.
KSINC ties up with U.S. firm
The Kerala Shipping and Inland Navigation Corporation (KSINC) has tied up with U.S. firm EMCC International India Pvt Ltd. for a ₹2,950-crore project for deep sea fishing.
This is the biggest work order that the KSINC has received and is one of the biggest FDI schemes in Kerala, said Prasanth N, MD of KSINC. He and Shiju Varghese, president of the U.S. firm, inked the MoU here on Tuesday.
The MoU was inked on the basis of an agreement between the U.S. firm and the State government at Ascent 2020 investment meet. It involves construction of trawlers worth ₹400 crore by the firm in tandem with KSINC. Fishers now rely more on trawlers built outside India. Allied projects like development of harbours too will be taken up. Kerala’s fishing sector will leave an indelible mark once the scientifically-readied project becomes a reality.