Indias seafood exports growing steadily, but some areas require attention
The target now is to reach $10 billion by 2020, and it is hoped that higher production will help the sector touch $6 billion in FY2014-15, despite dampened shrimp prices and a firm rupee. Abraham J. Tharakan, President, Seafood Exporters Association of India (SEAI) Today, India’s seafood is popular all around the word with exports to around 100 countries. Growing from a mere Rs.3.92 crore in 1961-62 to Rs. 16,597.23 crore in 2011-12, the growth story of India’s seafood exports is amazing. Driving this growth is improved quality standards and the changing export matrix for India, which has changed from export of mostly dry fish/shrimps to neighbouring countries to exports of frozen shrimps to countries like Southeast Asia, USA ...
Indias seafood exports post record growth of 60% in FY2013-14
Shrimps, particularly the L. Vannamei variety driving phenomenal growth of India’s seafood production and exports The Dollar Business Bureau | @TheDollarBiz India’s seafood exports grew at a record 60% y-o-y in FY2013-14, reaching around Rs.30,213.26 crore (almost $5 billion), compared to Rs.18,856.26 crore earned in the previous year, according to the Agriculture Ministry. Unit value of seafood exports have improved significantly and steadily in the recent years, reaching Rs.3,07,121.48 per tonne in FY2013-14, which is more than double the unit value of Rs. 1,48,113.16 per tonne seen in FY2009-10. Unit value of seafood exports grew by almost 50% Y-o-Y in FY2013-14 alone. Source - Ministry of Agriculture Higher returns have also led to robust growth in production which has grown ...
Aquaculture shrimps can help Indias seafood exports reach $10 billion by 2020: SEAI
States should emulate Andhra Pradesh, which by its spectacular aquaculture shrimp production, has enabled India to overtake Thailand as the largest supplier of shrimp to USA. The Dollar Business Bureau | @TheDollarBiz Concerns of over-fishing and climate change are forcing a change in production and exports of seafood products across the world. India is not unaffected. Abraham J. Tharakan, President, Seafood Exporters Association of India (SEAI) While Indias seafood exports have grown steadily to around $5 billion in FY2013-14, and are estimated to grow to $6 billion in FY2014-15, experts say that aquaculture is perhaps the only reliable way India can meet its seafood export target of $10 billion by 2020. Abraham J. Tharakan, President of the Seafood Exporters Association of India (SEAI), told ...
