Piyush Goyal, Minister of Commerce and Business. File |Photograph Credit score: ANI
Commerce and Business Minister Piyush Goyal mentioned on Tuesday (18 November 2025) that Russia will approve round 25 fishing amenities in India, which can qualify them to produce to India.
Just lately, the European Union (EU) accepted the export of an extra 102 models of seafood merchandise from India.
“Russia can also be on observe to approve about 25 fishing amenities,” he advised reporters in New Delhi.
He mentioned India is in talks with a number of different international locations, together with the UAE, to diversify its shrimp and fish exports.
The event can also be necessary for diversifying India’s shrimp exports, which have been hit exhausting by the hefty 50% tariff imposed by the USA.
India’s shrimp exports in 2024-25 have been price $4.88 billion, accounting for 66% of complete seafood exports.
Requested in regards to the progress in negotiations for a proposed free commerce settlement between India and the EU, Goyal mentioned: “I’m very assured that we can attain an settlement with the EU within the coming months, topic to finding out a number of the final mile points which are at the moment underneath negotiation.”
