India Aims for $30 Billion Seafood Export Target Through National Workshop
India Eyes $30B Seafood Export Target; Workshop Focuses on Growth
Asianet Newsable
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India is targeting $30 billion in seafood exports over the next five years, focusing on value addition and sustainability. A recent workshop in Visakhapatnam gathered industry stakeholders to discuss challenges and strategies for enhancing the seafood export ecosystem.
- 01India's seafood exports grew by nearly 70% in value over the last decade, currently holding about 4% of global seafood trade.
- 02Union Commerce Minister Piyush Goyal emphasized the need for value addition and market diversification to achieve the $30 billion target.
- 03Frozen shrimp remains the leading seafood export item, with exports valued at approximately ₹73,890 crore (around $8.46 billion).
- 04The workshop addressed challenges such as disease management, rising input costs, and logistics in the seafood sector.
- 05A commitment was made to enhance sustainability, traceability, and export infrastructure for improved global competitiveness.
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India is setting an ambitious target of $30 billion in seafood exports within the next five years, as highlighted during a two-day National Workshop on Seafood Exports held in Visakhapatnam. Organized by the Department of Commerce, the workshop aimed to enhance the seafood export ecosystem through value addition, sustainability, and improved market access. Union Commerce and Industry Minister Piyush Goyal noted that India's marine product exports have surged nearly 70% in value over the past decade, contributing to about 4% of global seafood trade. He urged stakeholders to focus on value-added products and leverage opportunities from recent Free Trade Agreements with 38 countries. The workshop also addressed various challenges, including disease management and logistics, while emphasizing the importance of strengthening sustainability and infrastructure in the seafood sector. The commitment to enhance India's global competitiveness in seafood exports was a key takeaway from the discussions.
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The target of $30 billion in seafood exports aims to boost local economies and create jobs in the seafood sector.
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