Commerce and Business Minister Piyush Goyal stated the purpose could be achieved by specializing in bettering manufacturing and high quality. File |Picture Credit score: ANI
Commerce and Business Minister Piyush Goyal on Friday (5 June 2026) known as for rising seafood exports from the present $8.5 billion to $30 billion over the following 5 years.
He additionally advocated specializing in high quality and manufacturing of value-added merchandise to promote at good costs within the worldwide market. “Let’s intention for $30 billion within the subsequent 5 years,” he stated at a nationwide workshop on seafood exports held in Visakhapatnam.
He stated the purpose could be achieved by specializing in bettering manufacturing and high quality. India has signed 9 free commerce agreements with developed nations within the final three-and-a-half years, which is able to enhance market entry on this sector, Goyal added.
“Let’s take Indian fish to the world. We’ll scale back the import of uncooked shrimp, export value-added merchandise and construct our model,” he stated. Talking on the occasion, Fisheries, Animal Husbandry and Dairying Minister Rajiv Ranjan Singh stated there’s a want to extend India’s share in world seafood exports.
He stated efforts had been underway to extend worth addition in seafood exports to maximise advantages for exporters and small-scale fishermen. Mr. Singh additionally known as for infrastructure growth to advertise exports from landlocked states, which have a small market share.
Regardless of excessive tariffs imposed by the US (55.8%), Indian exporters ensured elevated exports to the EU, Japan, China and Southeast Asia to offset the losses, he added.
He additionally indicated that the Nationwide Fisheries Board will quickly arrange a regional workplace in Andhra Pradesh, India’s largest fish and shellfish exporter with aquaculture manufacturing of 55.39 million tonnes and a 66% share of shrimp exports in 2025-26.
India’s seafood exports will hit a file excessive of Rs 73,890.46 billion ($8.45 billion) in 2025-26, with export quantity reaching 19.72 billion tonnes and the sector setting a goal of attaining export worth of $1 billion.
The US and China continued to be India’s major export locations for seafood, and frozen shrimp maintained its place as a serious export product. Civil Aviation Minister Rammohan Naidu stated the federal government is contemplating doubling the variety of airports to greater than 350.
He added that there are plans so as to add extra cargo airports within the nation. Naidu stated the ministry is contemplating growing one airport, one product in keeping with the one district, one product coverage. He additionally proposed decreasing the processing time for export shipments at cargo terminals.
