1 day ago
1
Commerce and Industry Minister Piyush Goyal connected Friday (June 5, 2026) called for expanding seafood exports to $30 cardinal implicit the adjacent 5 years, up from the existent $8.5 billion.
He besides pitched for focusing connected prime and manufacturing of value-added products to fetch bully prices successful planetary markets. "Let's people $30 cardinal successful the adjacent 5 years," helium said successful Visakhapatnam astatine the National Workshop connected Seafood Exports.
He said the people tin beryllium achieved by focusing connected expanding accumulation and quality. India has finalised 9 escaped commercialized agreements with developed nations successful the past 3 and a fractional years, and it volition supply greater marketplace entree for the sector, Mr. Goyal added.
"Take India's food crossed the world. Reduce import of earthy shrimp and export value-added goods and physique brands," helium noted. Speaking astatine the event, Fisheries, Animal Husbandry and Dairying Minister Rajiv Ranjan Singh said determination is simply a request to rise India's stock successful planetary fisheries exports.
He said that efforts are underway to summation worth summation successful fisheries exports to maximise gains for exporters and tiny fishermen. Mr. Singh besides called for the instauration of infrastructure to beforehand exports from inland states, whose stock is less.
Despite precocious tariffs (55.8%) by the U.S., India's exporters ensured a emergence successful exports to the EU, Japan, China, and Southeast Asia to offset immoderate losses, helium added.
He besides hinted that the National Fisheries Board volition soon acceptable up a determination bureau successful Andhra Pradesh, the largest shaper of food and seafood exporter successful India, with an aquaculture accumulation of 55.39 lakh tonnes successful 2025-26, and holds a 66% stock successful shrimp exports.
India's marine merchandise exports reached a grounds ₹73,890.46 crore ($8.45 billion) successful 2025-26, with export volumes of 19.72 lakh metric tonnes, portion the assemblage has acceptable a people of achieving $1 lakh crores successful exports.
The U.S. and China continued to beryllium the main destinations for Indian seafood exports, portion frozen shrimp retained its presumption arsenic the flagship export product. Civil Aviation Minister Rammohan Naidu said the authorities is looking to treble the fig of airports to implicit 350.
He added that determination are plans to adhd much cargo airports successful the country. Mr. Naidu said that connected the lines of One District One Product, the Ministry is looking astatine processing 1 airport, 1 product. He besides suggested reducing processing clip for export consignments astatine cargo terminals.
