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Hans India
13 hours ago
- Business
- Hans India
Identifying state-specific species key to boost India's seafood exports: Minister
New Delhi: Value addition and identifying state-specific species hold key to boosting India's seafood exports, Union Minister Rajiv Ranjan Singh has said. Singh underscored the importance of value addition in Indian seafood to enhance its export potential. Speaking at the 'Seafood Exporters Meet 2025,' he highlighted the ongoing government initiatives being taken in the fisheries sector, including the development of a single-window system for better market linkages for all stakeholders, strengthening of High Seas and Exclusive Economic Zone (EEZ) fishing, and upgrading infrastructure, all aimed at further bolstering the fisheries sector. The minister emphasised on Marine Products Export Development Authority's (MPEDA) pivotal role in navigating the tariff challenges faced by the industry and urged MPEDA, along with state governments, to conduct stakeholder consultations for accurate mapping of state-wise species-specific exports and identifying new export opportunities. He also assured the stakeholders of the government's commitment to further strengthening Indian seafood exports. Dr Abhilaksh Likhi, Secretary (Fisheries), MoFAH&D, highlighted that only about 10 per cent of India's seafood exports by value are currently value-added products, stressing the need to raise this share to 30–60 per cent in line with global benchmarks through enhanced domestic production or import-and-re-export strategies. He expressed concern over the heavy dependence on a single species, Whiteleg shrimp which accounts for 62 per cent of export value but only 38 per cent of quantity. Dr Likhi stated the urgency of reducing post-harvest losses and assured that issues related to tariff and non-tariff barriers would be addressed in coordination with the Department of Commerce, Ministry of External Affairs, and other relevant authorities. He also called for targeted inputs to identify and finance infrastructure upgrades that would significantly boost value addition across the seafood export value chain. India's annual fish production has witnessed a significant growth of 104 per cent, rising from 95.79 lakh tonnes in FY 2013-14 to 195 lakh tonnes in FY 2024-25. Inland fisheries and aquaculture have emerged as key contributors, accounting for over 75 per cent of the total production.
Mint
a day ago
- Business
- Mint
Govt asks seafood exporters to explore new markets amid US tariff hike
New Delhi, Aug 11 (PTI) The government on Monday asked seafood exporters to "bravely face" the current challenge of high US tariffs and explore alternative markets to ship shrimps and other fish varieties. Addressing a press conference, Union Minister for Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said alternative markets are available for India's seafood exports. "The EU, Japan, South Korea, UK, Russia, Australia, West Asia, South East Asia and many countries are available for export of Indian seafoods," he said. "We have asked them (exporters) to face the current challenge bravely. There are alternative markets available... Where there is a will, there is a way," Singh added. The minister emphasised the need for improving value addition and packaging before reaching other markets. "We have told them that before reaching other markets, there is a need to improve value addition and packing. We have asked to work in this direction," he noted. Singh also asked exporters to take advantage of the Fishery Infrastructure Development Fund to upgrade and strengthen value-addition, processing and packaging facilities. To address export concerns, the Marine Product Export Development Authority (MPEDA) has been asked to meet exporters in four major producing states and help them prepare for new markets. The minister said MPEDA will help identify specific fish varieties, value addition, and modernising processing and packing infrastructure. "We had a fruitful meeting. Some positive suggestions were made," the minister said. Ministers of State for Fisheries, Animal Husbandry and Dairying S P Singh Baghel and George Kurian, and Fisheries Secretary Abhilaksh Likhi were also present. When asked if exporters demanded a financial package to tide over the current difficult situation, Singh said: "A few days back, the Prime Minister had clearly said that we will not compromise on the interest of farmers. All exporters said they side with the PM on this issue and accept the challenge and look for new avenues." Exporters have identified new markets and have started exploring them, he said. More than 50 individual exporters and representatives of key fish-growing states attended the meeting. The minister said exporters have made certain suggestions to be included in the Pradhan Mantri Matsya Sampada Yojana (PMMSY) during the 16th Finance Commission. He said the government has come out with draft guidelines on fishing in high seas and Exclusive Economic Zones, and sought public comments within a month. "This will harness fisheries, especially tuna fish in Lakshadweep islands and Andaman and Nicobar and give a further boost to India's export," he added.
Economic Times
a day ago
- Business
- Economic Times
Govt asks seafood exporters to explore new markets amid US tariff hike
New Delhi: The government on Monday asked seafood exporters to "bravely face" the current challenge of high US tariffs and explore alternative markets to ship shrimps and other fish varieties. Addressing a press conference, Union Minister for Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said alternative markets are available for India's seafood exports. "The EU, Japan, South Korea, UK, Russia, Australia, West Asia, South East Asia and many countries are available for export of Indian seafoods," he said. "We have asked them (exporters) to face the current challenge bravely. There are alternative markets available... Where there is a will, there is a way," Singh added. The minister emphasised the need for improving value addition and packaging before reaching other markets. "We have told them that before reaching other markets, there is a need to improve value addition and packing. We have asked to work in this direction," he noted. Singh also asked exporters to take advantage of the Fishery Infrastructure Development Fund to upgrade and strengthen value-addition, processing and packaging facilities. To address export concerns, the Marine Product Export Development Authority (MPEDA) has been asked to meet exporters in four major producing states and help them prepare for new markets. The minister said MPEDA will help identify specific fish varieties, value addition, and modernising processing and packing infrastructure. "We had a fruitful meeting. Some positive suggestions were made," the minister said. Ministers of State for Fisheries, Animal Husbandry and Dairying S P Singh Baghel and George Kurian, and Fisheries Secretary Abhilaksh Likhi were also present. When asked if exporters demanded a financial package to tide over the current difficult situation, Singh said: "A few days back, the Prime Minister had clearly said that we will not compromise on the interest of farmers. All exporters said they side with the PM on this issue and accept the challenge and look for new avenues." Exporters have identified new markets and have started exploring them, he said. More than 50 individual exporters and representatives of key fish-growing states attended the meeting. The minister said exporters have made certain suggestions to be included in the Pradhan Mantri Matsya Sampada Yojana (PMMSY) during the 16th Finance Commission. He said the government has come out with draft guidelines on fishing in high seas and Exclusive Economic Zones, and sought public comments within a month. "This will harness fisheries, especially tuna fish in Lakshadweep islands and Andaman and Nicobar and give a further boost to India's export," he added. Last week, the US further increased reciprocal tariffs from 25 per cent to up to 50 per cent on Indian goods.
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Business Standard
a day ago
- Business
- Business Standard
Govt asks seafood exporters to explore alternative mkts amid US tariff hike
The government on Monday asked seafood exporters to "bravely face" the current challenge of high US tariffs and explore alternative markets to ship shrimps and other fish varieties. Addressing a press conference, Union Minister for Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said alternative markets are available for India's seafood exports. "The EU, Japan, South Korea, UK, Russia, Australia, West Asia, South East Asia and many countries are available for export of Indian seafoods," he said. "We have asked them (exporters) to face the current challenge bravely. There are alternative markets available... Where there is a will, there is a way," Singh added. The minister emphasised the need for improving value addition and packaging before reaching other markets. "We have told them that before reaching other markets, there is a need to improve value addition and packing. We have asked to work in this direction," he noted. Singh also asked exporters to take advantage of the Fishery Infrastructure Development Fund to upgrade and strengthen value-addition, processing and packaging facilities. To address export concerns, the Marine Product Export Development Authority (MPEDA) has been asked to meet exporters in four major producing states and help them prepare for new markets. The minister said MPEDA will help identify specific fish varieties, value addition, and modernising processing and packing infrastructure. "We had a fruitful meeting. Some positive suggestions were made," the minister said. Ministers of State for Fisheries, Animal Husbandry and Dairying S P Singh Baghel and George Kurian, and Fisheries Secretary Abhilaksh Likhi were also present. When asked if exporters demanded a financial package to tide over the current difficult situation, Singh said: "A few days back, the Prime Minister had clearly said that we will not compromise on the interest of farmers. All exporters said they side with the PM on this issue and accept the challenge and look for new avenues." Exporters have identified new markets and have started exploring them, he said. More than 50 individual exporters and representatives of key fish-growing states attended the meeting. The minister said exporters have made certain suggestions to be included in the Pradhan Mantri Matsya Sampada Yojana (PMMSY) during the 16th Finance Commission. He said the government has come out with draft guidelines on fishing in high seas and Exclusive Economic Zones, and sought public comments within a month. "This will harness fisheries, especially tuna fish in Lakshadweep islands and Andaman and Nicobar and give a further boost to India's export," he added. Last week, the US further increased reciprocal tariffs from 25 per cent to up to 50 per cent on Indian goods.
Time of India
a day ago
- Business
- Time of India
Govt asks seafood exporters to explore new markets amid US tariff hike
New Delhi: The government on Monday asked seafood exporters to "bravely face" the current challenge of high US tariffs and explore alternative markets to ship shrimps and other fish varieties. Addressing a press conference, Union Minister for Fisheries , Animal Husbandry and Dairying Rajiv Ranjan Singh said alternative markets are available for India's seafood exports. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program "The EU, Japan, South Korea, UK, Russia, Australia, West Asia, South East Asia and many countries are available for export of Indian seafoods," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo "We have asked them (exporters) to face the current challenge bravely. There are alternative markets available... Where there is a will, there is a way," Singh added. The minister emphasised the need for improving value addition and packaging before reaching other markets. Live Events "We have told them that before reaching other markets, there is a need to improve value addition and packing. We have asked to work in this direction," he noted. Singh also asked exporters to take advantage of the Fishery Infrastructure Development Fund to upgrade and strengthen value-addition, processing and packaging facilities. To address export concerns, the Marine Product Export Development Authority (MPEDA) has been asked to meet exporters in four major producing states and help them prepare for new markets. The minister said MPEDA will help identify specific fish varieties, value addition, and modernising processing and packing infrastructure. "We had a fruitful meeting. Some positive suggestions were made," the minister said. Ministers of State for Fisheries , Animal Husbandry and Dairying S P Singh Baghel and George Kurian, and Fisheries Secretary Abhilaksh Likhi were also present. When asked if exporters demanded a financial package to tide over the current difficult situation, Singh said: "A few days back, the Prime Minister had clearly said that we will not compromise on the interest of farmers. All exporters said they side with the PM on this issue and accept the challenge and look for new avenues." Exporters have identified new markets and have started exploring them, he said. More than 50 individual exporters and representatives of key fish-growing states attended the meeting. The minister said exporters have made certain suggestions to be included in the Pradhan Mantri Matsya Sampada Yojana (PMMSY) during the 16th Finance Commission. He said the government has come out with draft guidelines on fishing in high seas and Exclusive Economic Zones, and sought public comments within a month. "This will harness fisheries, especially tuna fish in Lakshadweep islands and Andaman and Nicobar and give a further boost to India's export," he added. Last week, the US further increased reciprocal tariffs from 25 per cent to up to 50 per cent on Indian goods.
