India targets $30 billion in seafood exports in next five years, says Union Commerce Minister Piyush Goyal

Union Minister for Commerce and Industry Piyush Goyal has acceptable an ambitious people for India’s seafood sector, aiming to standard exports to $30 cardinal implicit the adjacent 5 years.

Addressing the nationalist store connected seafood exports successful Visakhapatnam connected Friday, Mr. Goyal lauded the resilience and integrity of the nation’s sportfishing community, noting their adherence to planetary standards and practices.

Highlighting the sector’s robust growth, Mr. Goyal noted that seafood accumulation reached 164 lakh tonnes by 2024. The export value, which stood astatine $5 cardinal historically, had surged to $8.5 cardinal successful the existent fiscal year, reflecting a maturation complaint of 25% to 30%. He attributed this trajectory to the governance nether Prime Minister Narendra Modi, which facilitated broad improvement crossed each sectors implicit the past 2 years.

“India presently exports premium-quality seafood to 38 countries, a footprint the authorities intends to grow significantly. Central to this strategy is the Pradhan Mantri Matsya Sampada Yojana (PMMSY), which provides the model for modernising infrastructure and enhancing productivity,” the Union Minister said.

Emphasising that Indian marine products indispensable scope each country of the globe, Mr. Goyal reaffirmed the government’s committedness to empowering those who beryllium connected quality for their livelihood. “By leveraging organization enactment and sustainable practices, India is positioned to go a dominant, high-quality subordinate successful the planetary seafood market,” helium said.