New Delhi, Feb 19 (PTI) The Department of Fisheries on Monday signed an MoU with the Open Network for Digital Commerce (ONDC) platform to provide better market access for the fisheries sector.

The Memorandum of Understanding (MoU) was signed in the presence of Union Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala, Minister of State L Murugan, Fisheries Secretary Abhilaksh Likhi, ONDC Managing Director T Koshy and other officials.

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"This is a historical MoU," Rupala said adding that the collaboration will unlock the potential of digital commerce for the Indian fisheries sector, an official statement said.

Rupala also said the collaboration would serve numerous benefits for fisheries industries like reduced transaction costs, increased market reach, improved transparency, increased competition & competitiveness, innovation, and employment generation.

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The collaboration aims to empower all stakeholders, including traditional fishermen, fish farmer producer organizations, entrepreneurs from the fisheries sector to buy and sell their products through ONDC in a structured manner, the statement said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)