Budget impact: On Saturday, February 1, the main announcements of Union Budget 2025 (Fisheries Sector) were seen immediate effect. The announcements made by Finance Minister Nirmala Sitharaman in the budget increased the shares of Apex Frozen Foods LTD by 7 percent. This morning at 11:40 am, Apex Frozen Foods Limited’s shares were seen trading at 258.70 with a gain of 5.51 percent. The union budget mentions fisheries from Indian EXCLUSIVE Economic Zones and seas in its major declaration for fisheries sector. It was asked to emphasize on placing special focus on Andaman and Lakshadweep islands.
In the announcement during the budget, amendment to the interest exemption scheme was announced. It made a major decision on the loan limit. The Finance Minister said that this loan limit for farmers and fishermen will be increased from Rs 3 lakh to Rs 5 lakh.
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India’s Seafood Exports Price 60,000 Crore
Currently, India’s seafood expenses are priced at Rs 60,000 crore. This has been told by Finance Minister Nirmala Sitharaman. India ranks second in fish production and aquatic agriculture.
Significantly, due to strict competition in international markets, the financial performance of the aquatic agricultural sector had been very dull for some time. Whereas last year, Apex Frozen Foods faced a decline on the operating margin front. The existing schemes and incentives announced in the union budget will later work as some boosters for the shares of this company.
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