Seafood exports to surge to $14 bn by 2025: Govt

India is aiming to double its seafood exports to $14 billion by 2025 from the FY22 level, Union minister of state for commerce and industry Anupriya Patel said in Kolkata.

The country exported 1.36 million tonne (MT) of seafoods during 2021-22, earning an all-time record of $7.76 billion. “In two years from now, we plan to achieve a target of $14 billion,” she said after inaugurating the 23rd edition of India International Seafood Show (IISS).

Noting that India is already among the world’s top five seafood-exporting countries,the minister said 17% of the country’s agricultural exports comprises fish and allied products. “We are the world’s third-largest fish producer, second-largest aquaculture producer and fourth-largest seafood exporter,” she pointed out at the start of the three-day event being organised by the Marine Products Export Development Authority (MPEDA) in association with the Seafood Exporters Association of India (SEAI).

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