New Delhi: In the middle of trying to making the country’s economy $5 trillion, all sectors are giving their best output in the contribution. On Friday, The Marine Products Export Development Authority (MPEDA) Chairman said, “India’s seafood exports rose 15 percent on year to USD 1.99 billion in the first quarter ended June 2022. In 2021-22, total exports were 7.76 billion, a jump of 30 percent over FY21.”
MPEDA Chairman K N Raghavan was here to participate in a roadshow for the India International Seafood Show 2023 to be held in Kolkata on February 15-17, 2023, after a gap of 16 years.
According to an official, seafood shipments to Europe are expected to increase in the years to come, with the likely easing of certain curbs imposed by the European Union. Europe contributes about 15 percent of the total exports in this segment.
According to the media report, India faces embargoes related to residue antibiotic traces in shrimp export consignments, restricting shipments of marine products to the European market. The Indian government has been taking several measures to overcome the problem through direct intervention and dialogues, said Seafood Exporters Association of India President Jagdeesh Fofandi, who was also present at the event.
K.N.Raghavan said, “The government is planning to double its marine export by 2025,”
However, the US is the largest market with 43 percent share, followed by China and Europe with 15 percent each, and Japan with nine percent.
(Vinayak)