Marine Products

India's exports to the US contribute 34 per cent of readymade garments shipments and 39 per cent of cotton fabrics shipments

India's seafood industry can explore alternative markets to cushion the impact of higher US tariffs on a range of Indian goods, D V Swamy, chairman of the Marine Products Export Development Authority (MPEDA), said on Saturday. Swamy noted that the country's marine products sector has repeatedly shown resilience in the face of crises. He said the Centre has identified Russia, the UK, the European Union, Norway, Switzerland, the Middle East and South Korea as new focus markets for seafood exports. Let's not call it an obstacle; it's actually an opportunity. We learn from challenges and improve with each of them, Swamy said at a press conference on the eve of MPEDA's 53rd anniversary. The agency is an autonomous body under the Union Ministry of Commerce and Industry, mandated to promote India's seafood exports. The MPEDA chief said the sector has been adaptive throughout its five-decade history and stressed the need to diversify both markets and seafood varieties. Ecuador is one countr

Exports of marine products contracted by 8.74 per cent to USD 7.37 billion during 2023-24 due to demand slowdown in key markets of the US and Europe, according to the commerce ministry data. Indian exporters, however, expressed confidence that in 2024-25, marine exports would register a healthy growth as they are getting good orders. The shipments stood at USD 8 billion in 2022-23, the data showed. According to exporters, demand slowdown, high inflation in developed economies and increasing exports of frozen shrimp from Ecuador to America are some of the reasons for dip in India's exports last fiscal. Leading exporters from the sector Yogesh Gupta, Managing Director, Megaa Moda, said that as the US has imposed anti-dumping duty on Ecuador, "our products would now compete and increase exports". He said that the order books are healthy so far. "Now frozen shrimp from India and Ecuador will compete in the US market and we are hopeful to gain. In 2024-25, our exports will register go

These commodities constitute over a fourth of the export value for April-February, commerce department data showed

Rolls-Royce and easyJet said that they have successfully run an aircraft engine using green hydrogen created by wind and tidal power

Pre-clinical trials show no evidence of side effects in the product, which is the ninth such to be developed from marine organisms by Kochi-based CMFRI

Goyal says wheat exports in FY23 will be over 10 million tonnes

Exports of marine products jumped 35 per cent to $6.1 billion during April-December 2021 as compared with $4.5 billion in the same period of the previous year, the commerce ministry said

China is one of the key markets for India as far as marine exports are concerned

MPEDA has opened a quality control laboratory here to facilitate tests for seafood processors and exporters to confirm to product safety as per international regulatory requirements

The pre-harvest testing of aquaculture products is mandatory for export to European Union countries