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India's seafood exports hit a record high in both volume and value during 202526, reaching 19,72,018 metric tonnes worth Rs 73,890.46 crore (USD 8.46 billion), despite global challenges, MPEDA Chairman P Jawahar said on Monday. The Kochi-based Marine Products Export Development Authority is a statutory body established under the Ministry of Commerce and Industry, Government of India, to promote and regulate the export of marine products. According to MPEDA figures, the United States and China remained the top importers of Indian seafood during the fiscal year, while frozen shrimp continued to dominate the export basket. Frozen shrimp, the leading export item, generated Rs 49,037.93 crore (USD 5,624.48 million), accounting for 40.19 per cent of the total quantity exported and 66.52 per cent of total dollar earnings from seafood exports, a statement said. During 202526, India exported 7,92,647 MT of frozen shrimp. Shrimp exports registered growth of 13.16 per cent in rupee terms and
The European Union (EU) has approved 102 additional fishery establishments for the export of India's marine products to EU member countries, the Marine Products Export Development Authority (MPEDA) announced on Thursday. MPEDA considers it as a major development that would help the country's seafood sector make deeper inroads in European markets and help cushion the impact of US tariffs. With this, the number of EU-approved Indian seafood export units has increased to 604--marking an enormous step forward in enhancing India's presence in the highly lucrative European seafood market. This landmark achievement came after a string of parleys Commerce Minister Piyush Goyal and his senior ministry officials held with their EU counterparts, aimed at bolstering confidence in India's robust seafood control mechanisms, MPEDA said. MPEDA and the Export Inspection Council (EIC) also played a crucial role in this deal through their sustained and coordinated efforts in strengthening food safety
India's seafood exporters are preparing to ship 35,000-40,000 tonnes of shrimp to the United States with orders remaining stable after US President Donald Trump paused a planned 26 per cent reciprocal tariff, reducing the duty to 10 per cent, industry officials said on Monday. "There is a lot of relief now as we are at par with other exporters to the US. Now the shipments that were held back will be processed," Seafood Exporters Association of India Secretary General K N Raghavan told PTI. About 2,000 containers of shrimp that had been delayed are now being readied for export following Trump's April 9 decision to pause the higher tariffs just one week after announcing them on April 2, he said. The temporary reprieve maintains a 10 per cent blanket tariff on all countries except China, which faces a 145 per cent duty. Currently, Indian shrimp exports to the US face an effective customs duty of 17.7 per cent, including 5.7 per cent in countervailing duties and 1.8 per cent in ...
Union Minister Rajiv Ranjan Singh on Wednesday said the government is focusing on increasing annual seafood exports to Rs 1 lakh crore from around Rs 60,000 crore last fiscal and will also take measures to strengthen the foundation of the fishery sector over the next five years. Singh, who is Union Minister for Fisheries, Animal Husbandry & Dairying, was addressing an event to mark the 4th Anniversary of Pradhan Mantri Matsya Sampada Yojna (PMMSY) here. He also launched Pradhan Mantri Matsya Kisan Samridhi Sah-Yojna, and released the standard operating procedure on production & processing clusters in the fisheries sector. The minister noted that the fishery sector, which provides livelihood for more than 3 crore fishers and fish farmers, did not get due attention since independence. However, Singh said the Prime Minister Narendra Modi-led government has taken various decisions since 2014 for the growth of this important sector, including the launch of the PMSSY scheme with an .
Visakhapatnam Port emerged as India's top seafood exporting gateway, clocking an impressive shipment of 3.14 lakh tonnes, valued at Rs 17,984 crore in fiscal 2023-24, a port official said on Monday. Mumbai-based Jawaharlal Nehru Port Authority (JNPA), which handled over 2.4 lakh tonnes of seafood, valued at Rs 6,396 crore is ranked behind the Visakhapatnam port, followed by Cochin Port at the third position, logging over 1.81 lakh tonnes (Rs 6,120 crore). "Visakhapatnam Port has established itself as the premier port in India for marine product shipments, handling an impressive 3,14,199 tonnes of seafood valued at Rs 17,984 crore in FY24. This achievement positions Visakhapatnam Port at the forefront of the nation's seafood export sector," said Visakhapatnam Port Authority (VPA) secretary T Venu Gopal in a press release. According to Venu Gopal, India's seafood exports touched an all-time high of nearly 18 lakh tonnes in the previous fiscal, worth Rs 60,534 crore. Incidentally, thi
Indian shrimp exporters follow a robust regulatory and safety regime, as it helps them to ship quality marine products to developed regions like the US and Europe, a senior government official said on Wednesday. India is aiming to increase seafood exports to Rs one lakh crore in the next two years by increasing its processing capacity and shifting to higher value-added products, the official added. Debunking certain reports of poor working conditions and safety standards, the official said India's 548 seafood units are regularly inspected and monitored by various government agencies. "These units follow world-class quality and standards, and the major export destinations are developed nations," the commerce ministry official said. Some reports that are alleging food safety and bad labour conditions in the Indian shrimp industry are wrong and baseless, the official noted. All units are registered with MPEDA (Marine Products Export Development Authority) and FSSAI (Food Safety and .
Announcements of measures in the interim Budget such as high capex, three major economic railway corridors, and a target to increase seafood exports would help boost the country's overall outbound shipments, exporters say. The government has proposed to step up the implementation of Pradhan Mantri Matsya Sampada Yojana (PMMSY) by enhancing aquaculture productivity from existing 3 tonne to 5 tonne per hectare, and setting up five integrated aqua parks. CII National Committee on Exports and Imports Chairman Sanjay Budhia said that the announcement of a Rs 1 lakh crore corpus for innovation with a 50-year interest-free loan for long-term financing, refinancing at no or nil interest rates will encourage the private sector to scale up R&D and innovation in sunrise domains and new age technologies. "There is a reinforcement of continued thrust on exports. Announcement of three economic corridors, multi-modal connectivity, emphasis on additional airports, etc. and doubling the target of .
Seafood exports have more than doubled since 2013-14 and touched nearly Rs 64,000 crore last fiscal Union Minister of Fisheries, Animal Husbandry & Dairying Parshottam Rupala on Wednesday said. "While the seafood exports stood at Rs 30,213 crore in 2013-14, the same has increased to Rs 63,969.14 crore during FY 2022-23, an increase of 111.73 per cent in spite of pandemic-imposed challenges in global markets," an official statement said. Indian seafood is exported to 129 countries, with the largest importer being the US. "In fact, the value of the cumulative exports for the 9-year period of 2014-15 to 2022-23 stood at Rs 3.41 lakh crore as against Rs 1.20 lakh crore for the 9-year preceding 2014-15 i.e. the period 2005-06 to 2013-14," the statement said. The minister informed that during the last 9 years, the annual fish production of India has increased from 95.79 lakh tonne (at the end of 2013-14) to an all-time record of 162.48 lakh tonne (at the end of 2021-22) -- an increase ..