Bank of India and ICAR-CIFT Sign MoU to Boost Sustainable Aquaculture Development

New Delhi, May 26, 2025: Bank of India has entered into a Memorandum of Understanding (MoU) with the ICAR-Central Institute of Fisheries Technology (ICAR-CIFT), Kochi. This partnership aims to provide crucial financial support and promote sustainable development in the aquaculture sector across the country.

ICAR-CIFT is a premier institution under the Indian Council of Agricultural Research. It addresses the entire value chain of fisheries, from harvest to post-harvest operations. The institute specializes in providing advanced technologies and services to the fishing and fish processing industries in areas such as craft and gear, product development, packaging, waste utilization, nutrition, microbiology, biotechnology, engineering, quality assurance, and outreach.

The MoU was signed in the presence of senior officials including Mr. Ashok Kumar Pathak, Chief General Manager of Bank of India, Mr. Nakula Behera, General Manager of Bank of India, and Dr. George Ninan, Director of ICAR-CIFT.

This collaboration is expected to enhance access to financial services for stakeholders in the aquaculture sector, facilitating growth, innovation, and sustainable practices in line with national development goals.