Despite global uncertainties, India's C-Food Exports boom

New -Delhi, May 18 (IANS). According to the data from the Ministry of Trade and Industry, the export of sea food in India recorded a strong growth of 17.81 percent in April this year, which amounted to $ 0.58 billion. The country plays its important role as the fourth largest producer of marine products in the international market. In the financial year ending 31 March 2025, the country exported 16.85 million tonnes of sea products, with an increase of more than 60 percent. In terms of value, export financial year 2015 rose from $ 5.4 billion to $ 7.2 billion. Despite the US announcement of tariff growth, this rate will continue to 2025-26. Meanwhile, bilateral trade is on the path of completion of export and imports between India and the US to increase the flow of imports. India now exports seafood to 130 countries, which are more than 105 countries in 2014-15. This reflects the increasing range of the country’s marine products. Frozen shrimp is the most exported marine product, which contributes 40 percent of the total volume and 66.12 percent of the total export price, with the US and China the largest markets. India’s export capacity and high value achievement are promoted by the Pradhan Mantri Fisheries scheme of the center (PMMSsy), which supports a basket of intervention with the fisheries value chain. This includes quality fish production, extension of salt water agriculture, diversification and intensive, which promotes export -oriented species. A senior official said that the use of technology, the use of strong disease management and detection, training and capacity building, the construction of subsequent infrastructure with uninterrupted cold chains, the development of modern fish ports and fish landing centers are also part of the scheme, which has given a major boost to the production and export of seafood in the country. The central government is now on a target to reach $ 18 billion (Rs 1.57 Lakh Crore) export business by 2030. The statement said that the target was set on the Vision Document-2030 for the execution of Sea Food, set by the Marine Products Export Development Authority (Mpeda). This authority works under the Ministry of Trade and Industry. Mpeda plays an important role in monitoring seafood exports from the country. Fisheries division implements the most important PMMsy scheme in all states and trade union areas with an investment of Rs 20.050 crore in the fisheries sector for five years from FY 2020-21 to FY 2024-25, which led to an increase in export. -Ians skt/kr