Indian finance and corporate affairs minister, Mrs Nirmala Sitharaman while presenting 2020-21 budget has set a target of USD 14 billion (INR 1 lakh crore) from blue economy exports. She also proposed to put in place a framework for development, management and conservation of marine fishery resources and promotion of algae, seaweed and cage culture that will assist in raising fish production to 20 million tonnes by 2022-23. In her budget speech said that “our government will involve youth in fishery extension through 3477 sagar mitras and 500 fish farmer producer organizations. We hope to raise fishery export to USD 14 billion (INR 1 lakh crore) by 2024-25”.