India aims to double marine product exports to Rs.1 lakh cr in 5 years

The export target will be achieved through sustainable fishing, ensuring quality and variety and by supporting the entire fisheries ecosystem

The export target will be achieved through sustainable fishing, ensuring quality and variety and by supporting the entire fisheries ecosystem
The export target will be achieved through sustainable fishing, ensuring quality and variety and by supporting the entire fisheries ecosystem

Road map to achieve an export turnover of Rs.1 lakh crore ready

Union Minister of Commerce and Industry, Food & Public Distribution and Textiles Piyush Goyal has said that India aims to double marine product exports to Rs.1 lakh crore in the next five years from the present around Rs.50,000 crore,

Speaking at the Marine Products Export Development Authority (MPEDA), Kochi, Goyal said, “This target will be achieved through sustainable fishing, ensuring quality and variety, promotion of coastal shipping and aquaculture, and by supporting the entire fisheries ecosystem.”

At the event, K N Raghavan, Chairman of MPEDA, presented a road map to achieve an export turnover of Rs.1 lakh crore.

Goyal further said that the free trade agreements have been finalized with the UAE and Australia, while negotiations are in progress for such an agreement with the UK and Canada. The minister said negotiations to reach an FTA with the EU will begin in Brussels on the 17th of this month.

The Minister had an interaction with the Seafood Exporters Association of India (SEAI) at the MPEDA office and had an extensive discussion on various issues, challenges, and solutions facing the sector and also met with fishermen from Kerala, Tamil Nadu, Puducherry, and Karnataka.

He assured interventions to minimize the hurdles to the import of raw materials for value addition so that India can be transformed into a seafood processing hub in the near future.

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1 COMMENT

  1. There are reports of Indian Wheat shipments being rejected. This is not new, the wheat shipments to IRAQ too have been rejected in the past. If we are to be established wheat exporter suitable ports with Silos of adequate capacities and proper fumigation arrangements have to be in place. Manually bleeding bags in the ship’s holds is not the answer. What happens to the rejected shipment and who takes the hit?

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