November 24, 2025 | 23:35 GMT +7

  • Click to copy
Thursday- 10:14, 04/04/2024

India aims to expand seafood exports to $12 billion in two years

(VAN) India is aiming to expand its seafood exports to around $12 billion in the next two years from $8 billion currently, mainly by focusing on high-end markets including the United States and Europe.
Women clean prawns at a fish market amidst the spread of the coronavirus disease (COVID-19), in Mumbai.

Women clean prawns at a fish market amidst the spread of the coronavirus disease (COVID-19), in Mumbai.

India has emerged as the biggest supplier of seafood, particularly frozen shrimps, to the United States, with exports doubling over eight years to $2.6 billion in 2022/23, one of the officials at the Commerce Ministry told a small group of reporters.

Total frozen shrimp exports topped $5.6 billion in 2022/23, according to commerce ministry estimates.

"The government intends to focus on value addition and supply to high-end markets while creating awareness about good labour and environment practices among exporters," the officials said.

Shrimp farming has emerged as a big opportunity for nearly 200,000 workers, mainly women in the Southern states of Andhra Pradesh, the second official said, noting, however, that global demand could remain weak this fiscal year.

Both officials declined to be named as they were not authorised to speak to the media ahead of a general election which begins this month.

China, the European Union, South East Asia, Japan and Middle Eastern countries have also emerged as major markets for India's frozen shrimp, produced in village ponds. Other seafood like frozen fish, octopus and cuttlefish is also finding international buyers.

Responding to a report on exploitative labour practices of some shrimp exporters, released by the Chicago-based Corporate Accountability lab, a human rights legal group, officials said the allegations were "baseless" and possibly driven by trade rivalry with other countries and the U.S. industry.

Commerce ministry officials will meet seafood exporters and take up the issue with the state government to ensure all export houses meet the expectations of buyers and overseas consumers, the first official said.

To rule out any buyer concerns, the government could consider an independent study of the working conditions, he said.

Separately, the Federation of Indian Export Organisation (FIEO), the top exporter body, has said shrimp exporters were complying with food safety and quality norms to meet the requirements of importing nations including the U.S..

($1 = 83.4497 Indian rupees)

H.D

(Reuters)

COP30 seals uneasy climate deal that sidesteps fossil fuels

COP30 seals uneasy climate deal that sidesteps fossil fuels

(VAN) Brazil's COP30 presidency pushed through a compromise climate deal on Saturday that would boost finance for poor nations coping with global warming but that omitted any mention of the fossil fuels driving it.

Are UK poultry farmers facing the highest risk winter yet for avian influenza?

Are UK poultry farmers facing the highest risk winter yet for avian influenza?

(VAN) Poultry farmers in the UK have been warned that they could face one of the worst winters yet for bird flu.

Thai rice market surges as jasmine rice hits 16,100 baht per tonne

Thai rice market surges as jasmine rice hits 16,100 baht per tonne

(VAN) Prices of main-crop paddy have risen sharply, with jasmine rice hitting 16,100 baht per tonne — the highest level in years.

FAO brings agrifood systems to the forefront of climate action

FAO brings agrifood systems to the forefront of climate action

(VAN) In Brazil, FAO unveiled a series of reports and initiatives showing how sustainable agrifood systems are a solution to the climate crisis.

Rare earths: Federal backing and tech advances aim to help the U.S. catch up to China

Rare earths: Federal backing and tech advances aim to help the U.S. catch up to China

(VAN) With names like neodymium and dysprosium, rare-earth elements sound exotic — and their perceived scarcity has only added to the mystique.

Genetically engineered fungi are protein-packed, sustainable, and taste similar to meat

Genetically engineered fungi are protein-packed, sustainable, and taste similar to meat

(VAN) In a new study published in Trends in Biotechnology, researchers used a gene-editing technology called CRISPR to increase a fungus's production efficiency and cut its production-related environmental impact by as much as 61%- all without adding any foreign DNA.

China doesn’t want to lead alone on climate policies, senior adviser warns

China doesn’t want to lead alone on climate policies, senior adviser warns

(VAN) A top official in Beijing’s Cop delegation says China is committed to clean energy – but US’s absence is a problem.

Read more