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The Dollar Business Bureau The state government of Odisha, which is working on a new state export policy, has set a target of reaching Rs.1 lakh crore of exports by the year 2025. “Odisha has set a target of achieving an export turnover of Rs.1 lakh crore by 2025,” said L N Gupta, Additional Chief Secretary, Micro, Small and Medium Enterprises (MSME) Department on Thursday. The Government is working on a number of enabling factors that would be included into the new export policy in order to give a major boost to the State’s export turnover, he added. “A draft has been prepared for Odisha Export Policy, 2017, which lays emphasis on promoting the exports from traditional as well as non-traditional sectors,” Gupta said while addressing a seminar on export finance in Bhubaneswar. The Odisha Export Policy ...

PTI Aquaculture has seen exponential growth since 2009-10 in India with a projected export figure of $5.6 billion and the country could ambitiously target foreign exchange of $10 billion by 2020 through export, Karnataka Fisheries Minister Pramod Madhwaraj said. Inaugurating the three-day 'Aqua Aquaria India 2017' event, organised by Marine Products Export Development Agency in Mangaluru on Sunday, he said satellite imaging technology using GIS applications and mobile apps for real time monitoring had been introduced in the aquaculture sector for improved performance. The minister said AAI 2017 would help the farming community to identify priority areas and work towards future. Cultured shrimp now contributed over 70% in terms of quantity, about 80% in terms of export value ...

The Dollar Business Bureau India’s marine product exports has witnessed a boost with the introduction of exotic Vannamei shrimp into the country’s  coastal aquaculture system, according to Marine Products Export Development Authority (MPEDA). "Indian marine product exports are doing quite well over the last few years. Major factor that contributed to the increase in exports was the introduction of exotic Vannamei shrimp variety into our coastal aquaculture systems," highlighted MPEDA Chairman Dr A Jayathilak. There has been a considerable rise in shrimp production which led to a corresponding rise in exports considering that frozen shrimp is the major item of export from the country. Frozen shrimp constitutes majorly to the Indian marine products and is primarily sourced from the coastal aquaculture farms. India farms mainly two ...

The Dollar Business Bureau  Commerce and Industry Minister Nirmala Sitharaman on Friday announced a number of measures that include establishing agencies in all coastal states for aquaculture and fisheries and incentives for exporting marine items, under the Merchandise Exports from India Scheme (MEIS).  Currently, government allocates Rs.22,000 crore yearly for exports, under the MEIS.  “From the current fiscal onwards, an additional amount of Rs.1,500 crore will be provided under the MEIS scheme that will include some specific marine and seafood products,” Sitharaman said at the India International Seafood Show in Visakhapatnam.  The aquaculture and fisheries agencies, under the chief ministers’ guidance and led by the chief secretaries of the states, will be under the supervision of Marine Products Export Development Authority (MPEDA), the nodal agency ...

The Dollar Business Bureau India’s marine exports are estimated to grow at about 20% to 5.6 billion in 2016-17, owing to its growth in aquaculture diversification, improved production infrastructure and quality control and value addition.  The upcoming biennial India International Seafood Show (IISS) on September 23-25 in Vishakhapatnam, therefore, will focus on "Safe and Sustainable Indian Aquaculture" and underscore the technological advances and sustainable practices applied in capture & culture fisheries in India, to ensure quality of seafood produced for both domestic and export market. The industry witnessed a decline in its exports during the last fiscal, when the outbound shipments stood at 945,892 MT worth $4.7 billion. The USA and South East Asia continue to be the two major importers of Indian seafood. ...

The Dollar Business Bureau Marine products exports from India recorded an all-time high registering a growth of 10.05% in the last fiscal. Touching a one million tonne mark, marine exports fetched foreign exchange of $5.5 billion to the country during the period. Addressing a press conference on Thursday, Leena Nair, chairman, Marine Products Export Development Authority (MPEDA), said, “During the financial year 2014-15, exports of marine products reached an all-time high of $ 5511.12 million. Marine product exports crossed all previous records in quality, rupee value and $ terms.” By accounting to total quantity of 10, 51,243 MT valued at Rs 3,34,41.61 crore and $5511.12 million, sea food exports grew 6.86 % in quantity, 10.69 % in rupee and 10.05 % ...

List of Agencies Authorized to issue Certificate of Origin[Preferential] SlNo Name of the Agreement Authorized Agencies 1 GlobalSystemOf TradePreferences(GSTP) (i) Export Inspection Council(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts(iii) Tobacco Board forTobacco products 2 India SriLankaFree TradeAgreement (ISLFTA) (i) Export InspectionCouncil(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 3 ASEAN-India Free TradeAgreement (ASEAN-India FTA) (i) Export InspectionCouncil(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 4 India-Korea ComprehensiveEconomic     Partnership     Agreemen(IKCEPA) ((i) Export Inspection Council(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 5 India-MalaysiaComprehensive Economic    Cooperation    Agreemen (IMCECA) (i) Export InspectionCouncil(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 6 India-Japan ComprehensiveEconomic     Partnership     Agreemen(IJCEPA) (i) Export InspectionCouncil(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts(iii) TextilesCommittee–for textilesandmadeups 7 India-AfghanistanPreferentialTradinAgreement (India-AfghanistanPTA) ((i) Export InspectionCouncil(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 8 South AsiaFree Trade Area(SAFTA) ((i) Export Inspection Council(EIC)-for allgoods(ii) Marine Products Export Development Authority (MPEDA)-forMarineproducts 9 India-Chile      Preferential       TradinAgreement (India-Chile PTA) (i) ...

Odisha, one of the major seafood exporting states in the country, is yet to achieve its full potential as the exporters from the region continue to depend on ports in neighbouring states for export. Gora Chand Mohanty, Regional President, Seafood Exporters Association of India & CEO, Seagold Overseas in an exclusive interview with The Dollar Business, speaks on various issues related to seafood farming and the role of Paradip Port to promote trade in the region Interview by Sisir Pradhan | The Dollar Business TDB: Odisha has some of the major shrimp and seafood exporters in the country. But the exporters from the region have been depending on Visakhapatnam Port for export as Paradip Port doesn’t provide reefer container shipment ...