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India forecast seafood exports to hit $10 billion by 2020

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Staff Writer | September 24, 2016
The Government of India believes that a safe and sustainable aquaculture will help to give seafood exports a major thrust by 2020, as by that time export turnover has been forecast to hit $10 billion.
India seafood
Food in Asia   The 20th India International Seafood Show 2016
The announcement was made by chairman of Marine Products Exports Development Authority (MPEDA) A Jayathilak on addressing a media conference at the inaugural session of the three-day 20th India International Seafood Show 2016, Times of India reported.

Jayathilak also said that sustainable fishing and aquaculture production methods through diversification particularly of L vannemei will aid this growth.

According to official statistics, in 2015-16, India's marine exports stood at $4.7 billion by exporting 945,000 tonnes.

Referring to the event, Seafood Exporters Association of India (SEAI) national president V Padmanabham pointed out it has provided a platform for manufacturers and suppliers of seafood processing machinery, packaging systems, certifications, processing ingredients, cold chain system and logistics.

SEAI president also stressed that: “AP (Andhra Pradesh) is the shrimp capital of India” and that “various policies by the state and central government will help improve the seafood exports from AP.”

For his part, SEAI secretary general Elias Sait said that as an increasing number of airlines are beginning to operate from Vizag, the sashimi grade tuna can be exported to Japan, which would provide three times value as compared to normal variety of tuna.

Also present at the event, Union Minister of State for Commerce (independent charge) Nirmala Seetharaman said the growth of the industry was self-motivated, especially in Andhra Pradesh, but the emphasis should be on value-addition, The Hindu Business Line informed.

The seafood show is attended by around 1,200 Indian delegates and 200 foreign delegates as well as by participants from various countries including Japan, the US and Germany.