Seafood exports declines in FY2016-17 after seven years
The Dollar Business Bureau India’s seafood exports fell in both value and volume terms during the 2015-16 fiscal, after registering a constant growth in the last seven financial years, Marine Products Export Development Authority (MPEDA) announced on Friday. During the financial year 2015-16, seafood exports from India contracted 10% to 945,892 tonnes as against 1,051,243 tonnes in the fiscal 2014-15. While in value terms, exports shrank by 15% to $4.7 billion (Rs.30,420.83 crore) from $5.5 billion (Rs. 33,441.61 crore) a year ago Meanwhile, the unit value of exports, too, stood lower at $4.96 per kg from $5.46 per kg in the previous fiscal. MPEDA chairman S Jayathilak indicated several global factors i.e. decrease in capture fishery, devaluation of the Japanese currency, depreciation of euro, ...
India plans Blue Revolution to boost seafood production, exports
Satyapal Menon | @TheDollarBiz Fishermen haul in a catch of sardine from wooden boats during deep sea fishing trip in the Arabian Sea near Kannur, Kerala, India Beginning from the green revolution, India has had a white revolution with focus on increasing milk production in the country, and here comes the latest - Blue revolution. Even before attempting to figure what exactly this means, the government plans to deploy measures to net in more fish – in terms of not just the catch, but also dollars - than we have done till date. In fact, India has been having quite a considerable haul of seafood over the years. There is always an ocean to be tapped, and this is precisely ...
