Seafood Of India

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Can India’s Deep-Sea Fishing Boom Drive ₹1 Lakh Crore in Seafood Exports by 2030? A detailed analysis.

India’s deep-sea fishing initiative has the potential to help achieve the ambitious target of ₹1 lakh crore in seafood exports by 2030, but it’s not guaranteed. Currently, seafood exports stand at ₹60,523 crore, and reaching ₹1 lakh crore means increasing by about ₹39,477 crore over five years. This is a big jump, and deep-sea fishing could play a key role by tapping into untapped fish populations in the Exclusive Economic Zone (EEZ), up to 200 nautical miles offshore. The government is pushing for advanced vessels and digital tools like the National Fisheries Digital Platform (NFDP) to support this, focusing on high-value species like tuna, which could add significant value—research suggests up to 3 lakh tons of yellowfin tuna, worth around US$679 million. That’s a big boost, but it’s not the whole story. Other species like deep-sea shrimps and myctophids also have potential, though exact figures are harder to pin down. However, there’s a catch—past deep-sea fishing efforts in India have struggled, with issues like overfishing and unsuitable vessels. An unexpected detail is that some fishermen have reported technical problems with the new boats, which could slow progress. Plus, sustainability is crucial; we can’t risk harming marine ecosystems while chasing exports. It seems likely that with the right support and sustainable practices, this initiative could drive growth, but it’ll need careful management to succeed by 2030. Survey Note: Detailed Analysis of India’s Deep-Sea Fishing Initiative for Enhanced Seafood Exports India’s exploration of deep-sea fishing as a strategy to boost seafood exports to ₹1 lakh crore by 2030 represents a significant policy shift, aiming to elevate the country’s position in the global market. This initiative, recently highlighted by Union Minister of State for Fisheries George Kurian, involves leveraging advanced technology and engaging local fishing communities, but it also faces potential challenges that could influence its outcomes. Below, we delve into the details, including current statistics, government plans, and broader implications, to provide a comprehensive overview. Current Export Figures and Target As of February 2025, India’s annual seafood exports for the fiscal year 2023-24 stood at ₹60,523 crore, approximately US$7.38 billion, based on an exchange rate of around 86.84 INR per USD (India’s seafood exports increased by over 30% in last four years, stand at Rs. 61,043.68 crore (US$ 7.37 billion) in 2023-24 | IBEF). The target of ₹1 lakh crore translates to about US$11.5 billion, requiring an increase of roughly US$4.12 billion over the next five years to 2030. This ambitious goal necessitates a compound annual growth rate (CAGR) of approximately 9% in value, considering the current base and timeline. Deep-Sea Fishing Potential and Species Deep-sea fishing in India refers to fishing within the EEZ, extending 200 nautical miles offshore, targeting resources beyond the traditional coastal waters. The initiative focuses on high-value species with untapped potential: The total potential from deep-sea fishing could thus be substantial, potentially contributing over US$1 billion annually if fully realized, though this is speculative given the lack of comprehensive data on shrimps and myctophids. Government Plans and Initiatives The government is actively supporting the transition from near-shore to deep-sea fishing through several measures: Challenges and Historical Context Despite the potential, deep-sea fishing in India has a history of mixed outcomes. Past initiatives, such as those in the 1990s, faced significant backlash due to overfishing and impacts on traditional fishermen, leading to policy revisions (‘Deep sea fishing in India is already a flop’). Recent reports highlight operational challenges, with fishermen citing technical issues with provided vessels, many lying idle due to unsuitability for Kerala’s coast (Fishermen cite problems with vessels handed over as part of State govt.’s deep-sea fishing project – The Hindu). Sustainability is another concern, with research indicating overfishing pressures in near-shore waters and the need for careful management to prevent ecological damage (Indian Deep Sea Fisheries – Its Prospects, Issues and Challenges – MedCrave online). Warming seas and declining coastal stocks are pushing fishers into deeper waters, adding complexity (Warming seas push India’s fishers into distant, and more dangerous, waters – Mongabay). Market Demand and Competition India’s key export markets include the USA, China, and the EU, with frozen shrimp and fish being major items (India’s seafood exports reach record high in FY 2023-24). The global demand for high-value species like tuna is rising, offering opportunities, but competition from countries like Thailand and Vietnam remains stiff. Value addition and adherence to international standards will be crucial for capturing premium markets. Progress and Implementation As of February 2025, the initiative is in progress, with events like the February 20, 2025, gathering in Indore highlighting community engagement and NFDP registration (India exploring deep-sea fishing to enhance sea-food exports to ₹1 lakh crore – CNBC TV18). However, the scale of vessel deployment and actual production increases from deep-sea fishing remain unclear, with historical data suggesting slow implementation rates. Conclusion and Future Outlook India’s ambition to reach ₹1 lakh crore in seafood exports through deep-sea fishing is a strategic step towards economic growth and global market presence. By integrating advanced technology, digital platforms, and community engagement, the government aims to achieve this target while fostering sustainability. However, the success of this plan will depend on addressing challenges such as overfishing, ensuring ecological balance, and maintaining the livelihoods of small-scale fishermen. As of February 25, 2025, this initiative represents a promising yet complex endeavor, with significant implications for India’s fishing industry and marine environment. Table: Key Statistics and Initiatives Category Details Current Seafood Exports ₹60,523 crore (US$7.38 billion) annually Target Seafood Exports ₹1 lakh crore (US$11.5 billion) by 2030 Vessel Range 200 nautical miles offshore Tuna Potential Up to 3 lakh tons, valued at US$679 million NFDP Launch Year 2024 MP Registered Fishermen Over 60,000 on NFDP Deep-Sea Shrimp Fisheries Existing, mainly for export to US and EU Myctophid Potential Part of 2 million tons possible from EEZ This detailed analysis incorporates all relevant information from the provided link and additional context to ensure a thorough understanding of India’s deep-sea fishing strategy. Key Citations

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Innovations in Aquaculture and Marine Biotechnology: Driving Sustainable Growth

New Delhi, India – February 24, 2025 The Aquaculture and Marine Biotechnology program, implemented by the Department of Biotechnology, is at the forefront of enhancing aquaculture production and productivity while harnessing marine resources for valuable products and processes. This program plays a vital role in the agricultural economy by ensuring food production for nutritional security. The Department has undertaken various initiatives to benefit the aquatic and marine sectors, including the development of novel cell lines, improvement of aqua feed, creation of advanced diagnostics and therapeutics, research on fish genomics and transcriptomics, management of fish and shellfish diseases, exploration of marine ornamental resources, and engagement in bio-prospecting activities. Shrimp Diet Research: A Breakthrough in Aquaculture Nutrition One of the key areas of research in aquaculture nutrition is the replacement of fish meal, an expensive and unsustainable ingredient in shrimp feeds. Scientists at the ICAR-Central Institute of Brackish water Aquaculture in Chennai have made significant progress in this area. Their studies have shown that yeast fermentation of soybean meal significantly improves the inclusion level in shrimp diets, increasing nutrient digestibility and growth. The growth trial results indicated that soybean meal can be included up to 35% in the grow-out feed of P. vannamei, with fermentation improving growth by approximately 8.5%. This innovation not only reduces the reliance on fish meal but also enhances the sustainability and efficiency of shrimp farming. CIFA-Brood-Vac: A Novel Vaccine for Fish Spawn Another groundbreaking initiative is the development of CIFA-Brood-Vac, a novel vaccine designed to prevent mortality in fish spawn. This vaccine ensures healthy aquaculture stock by protecting fish spawn from diseases, thereby securing the future of aquaculture. The vaccine has been tested and proven effective in various trials, contributing to the overall health and productivity of fish populations. Interactive Fish Feed Designer (IFFD) Software In addition to these innovations, the development of the Interactive Fish Feed Designer (IFFD) version 2 software represents a significant leap forward in the formulation of cost-effective fish feed. This user-friendly software allows for the creation of fish feed using non-conventional ingredients, making it more sustainable and economically viable. The software is designed to help aquaculture farmers and feed manufacturers optimize their feed formulations, ensuring better growth and health of fish while reducing costs. Other Key Achievements and Initiatives Conclusion The integration of biotechnology into aquaculture and marine biotechnology is fostering sustainable food production, disease resistance, and enhanced productivity. These innovations, backed by research and commercialization efforts, are paving the way for a resilient and efficient aquaculture ecosystem. As biotechnology continues to evolve, its role in ensuring food security and environmental sustainability will only strengthen in the years to come.

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World Aquaculture 2025 India: Opportunities, Options, and Optimism

The highly anticipated World Aquaculture 2025 India conference is set to take place in Hyderabad from November 10 to 13, 2025. This prestigious event, part of the World Aquaculture conference series, returns to India after its successful debut in Chennai in 2019. This year’s conference will focus on the broad theme of “Opportunities, Options, and Optimism,” aiming to inspire innovation and foster collaboration within the aquaculture sector. Event Highlights Networking and Knowledge Exchange Over the three-day event, attendees will have the opportunity to network with industry professionals, researchers, and entrepreneurs. Specialized sessions will cover a wide range of aquaculture topics, providing a platform for in-depth discussions and knowledge sharing. This event is designed to bring together experts and professionals from around the world to explore the latest trends, challenges, and opportunities in the aquaculture industry. Trade Exhibition Parallel to the conference, a three-day trade exhibition will feature both international and Indian companies showcasing the latest products, services, and equipment essential for efficient aquaculture management. The trade show will provide an additional opportunity for attendees to connect with potential partners, explore new technologies, and discuss solutions to drive progression in the aquaculture industry. Call for Abstracts The event organizers are inviting abstract submissions for presentations on aquaculture research, projects, or innovative ideas. This provides an excellent opportunity for participants to present their work to a community of experts and professionals. Abstract submissions will be accepted until August 31, 2025. Key Themes and Sessions The conference will cover a wide range of topics, including: Why Attend? World Aquaculture 2025 India offers a unique opportunity for professionals, researchers, and entrepreneurs to: Conclusion World Aquaculture 2025 India promises to be a significant event in the global aquaculture calendar. With its focus on “Opportunities, Options, and Optimism,” the conference aims to inspire and foster collaboration within the sector. Attendees will have the chance to engage with industry leaders, explore cutting-edge technologies, and contribute to the future of sustainable aquaculture. About The Fish Site The Fish Site is a leading online platform dedicated to providing the latest news, analysis, and insights into the global aquaculture industry. For more information on World Aquaculture 2025 India, visit The Fish Site.

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India Sets Sail for ₹1 Lakh Crore Seafood Export Goal with Deep-Sea Fishing Push

February 24, 2025 – India is charting new waters in its quest to become a global seafood powerhouse, with ambitious plans to boost annual exports from ₹60,523 crore to an impressive ₹1 lakh crore. The key? A bold move into deep-sea fishing, backed by cutting-edge technology and a renewed focus on empowering local fishermen. This exciting development, announced by Union Minister of State for Fisheries George Kurian, promises to transform the nation’s fishing industry and elevate its standing on the world stage. A Game-Changing Strategy The government is rolling out a fleet of advanced fishing vessels capable of venturing 200 nautical miles into the ocean, tapping into rich, untapped fish stocks within India’s Exclusive Economic Zone (EEZ). These modern boats, equipped with tools like GPS and fish finders, are set to revolutionize deep-sea fishing, targeting high-value catches such as tuna and oceanic squids. This isn’t just about bigger boats—it’s about smarter fishing, with an eye on sustainability and global demand. Community at the Heart of the Plan On February 20, 2025, the Depalpur region of Indore buzzed with optimism as 1,500 fishermen, fishery cooperative societies, and entrepreneurs gathered to hear Minister Kurian unveil the initiative. The event spotlighted the National Fisheries Digital Platform (NFDP), a game-changing tool launched in 2024 that’s already connected over 60,000 fishermen from Madhya Pradesh alone. This digital hub is designed to streamline operations, boost coordination, and give fishers a stronger voice in the industry. “This is about building a future where every fisherman thrives,” Kurian said, encouraging more to join the platform. Madhya Pradesh Leads the Way Madhya Pradesh is emerging as a star player in this seafood revolution. With around 2 lakh registered fishermen and an annual fish production of 3.82 lakh tonnes, the state is poised to make waves in the export market. The enthusiasm at the Indore event signals a groundswell of support, as local communities rally behind the government’s vision. A Sustainable Future in Sight While the focus is on growth, there’s a clear commitment to doing it right. The plan emphasizes sustainable fishing practices within the EEZ, ensuring that marine ecosystems remain healthy for generations to come. By empowering coastal states to issue marine fishing licenses and aligning with international standards, India is striking a balance between ambition and responsibility. Why It Matters This isn’t just about numbers—it’s about opportunity. The push to ₹1 lakh crore in exports means more jobs, stronger rural economies, and a bigger slice of the global seafood pie for India. As warming seas and declining coastal stocks challenge traditional fishing, going deeper makes sense, and the timing couldn’t be better. Looking Ahead With advanced vessels setting sail, digital tools lighting the way, and fishermen ready to seize the moment, India’s deep-sea fishing initiative is off to a promising start. As of February 24, 2025, the nation stands on the brink of a seafood export boom that could redefine its fishing industry—and its place in the world. For fishermen, entrepreneurs, and seafood lovers alike, this is a tide worth riding.

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India’s Aquaculture Sector: A Boon for Employment and Foreign Exchange Earnings

New Delhi, India – February 23, 2025 The aquaculture sector in India has recently garnered significant government attention due to its potential to generate substantial employment opportunities and contribute to the country’s GDP. The Union Budget 2025 has allocated a record annual budgetary support of ₹2,703.67 crore for the fisheries sector, marking a 3.3% increase from the previous year’s allocation of ₹2,616.44 crore. The Union Budget 2025-26 has emphasized the need for a sustainable framework to harness fisheries from exclusive economic zones (EEZ) and high seas, with a special focus on the Lakshadweep and Andaman & Nicobar Islands. This initiative is expected to drive growth in the marine sector by tapping into the untapped potential of marine fish resources in the Indian EEZ and high seas. In her Budget speech, Finance Minister Nirmala Sitharaman highlighted that India ranks second globally in fish production and aquaculture, with seafood exports valued at ₹60,000 crore. This underscores the importance of increasing focus and effort on this high-potential sector. A High-Potential Sector on the Rise Aquaculture, which involves the farming of fish, shrimp, algae, and other aquatic species, has experienced remarkable growth in recent years. It has become one of India’s most dynamic and high-potential sectors, driven by rising global demand for seafood, technological advancements, and improved production methods. According to government data, India’s seafood export volume reached an unprecedented 17,81,602 tonnes in FY24, valued at ₹60,523.89 crore (approximately $7.38 billion). This surge in exports highlights the growing role of Indian aquaculture in the global seafood market and its increasing economic significance. As per a Press Information Bureau (PIB) report, the fisheries and aquaculture sector contributes approximately 1% to India’s Gross Domestic Product (GDP) and over 5% to the agricultural GDP. India is the third-largest fish producer worldwide, accounting for around 8% of global fish production. This not only strengthens India’s position as a major player in the global seafood industry but also makes significant contributions to the national economy. The sector adds about 1.09% to the country’s Gross Value Added (GVA) and over 6.72% to agricultural GVA. With continued innovation and investment, aquaculture in India is poised to further enhance its contribution to economic growth, job creation, and food security, making it a critical component of the nation’s future growth strategy. Enhancing the Impact of Aquaculture Development While the Indian aquaculture sector is witnessing rapid growth and exports are reaching record highs, a significant portion of the industry still lacks proper structure, quality control, and efficient marketing practices. This hampers its profitability. The government has initiated several programs to formalize the sector, such as the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and the Fisheries and Aquaculture Infrastructure Development Fund (FIDF). Formalizing the sector will lead to higher yields due to standardized farming practices and reduced wastage through optimized resource use. This will also generate more employment as more workers enter the sector due to factors such as job stability, better wages, and social security. At the global level, Indian seafood products will have greater access to global markets, boosting foreign exchange earnings. The development of India’s aquaculture sector holds immense potential to reshape the country’s economic landscape, propelling it towards greater dominance in the fisheries industry. While India has already secured its position as the second-largest aquaculture producer globally, its future growth lies in expanding its marine fisheries sector. Currently, the country’s reliance on inland resources is evident, with 131.13 lakh tonnes of the total 175.45 lakh tonnes of fish production in FY2022-23 coming from inland fisheries, and only 44.32 lakh tonnes from marine sources. This presents a clear opportunity to tap into the vast and largely untapped potential of the marine sector, which, with sustainable practices and enhanced infrastructure, can significantly boost production and exports. India’s aquaculture sector is not only a cornerstone of employment—providing livelihoods to nearly 28 million people—but also holds the key to increasing the country’s foreign exchange earnings. By formalizing and expanding its reach in marine fisheries, India can achieve enhanced access to global markets, positioning itself as a dominant force in the international seafood trade. As the sector evolves, the combination of government focus on sustainable harnessing of fisheries from EEZ and high seas, growing production, improved quality control, and international market access will solidify India’s role as a leader in global aquaculture, creating a ripple effect of economic growth and job creation for years to come.

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Commerce Minister Piyush Goyal Visits MPEDA, Addresses Seafood Sector Challenges

KOCHI, Feb 21, 2025 – Union Minister for Commerce and Industry, Piyush Goyal, visited the Marine Products Export Development Authority (MPEDA) headquarters in Kochi today, engaging with key stakeholders from India’s seafood industry.During his visit, Minister Goyal held review meetings with officials from the Rubber Board, Spices Board, and MPEDA, focusing on opportunities and challenges facing these sectors.“Ask for the moon, and the government will bring it for you,” Goyal declared, emphasizing the government’s commitment to ensuring product quality. He pledged to upgrade laboratories with cutting-edge technology to meet international standards and highlighted the importance of sustainability initiatives like PM Matsya Teyojana in supporting the marine industry.In discussions on seafood exports, Goyal noted positive trends in exports to the United States, which accounts for 36% of India’s seafood exports. However, exports to China, Japan, and Vietnam have declined due to factors including excessive shrimp production in Ecuador and China, along with lower unit prices.The minister praised MPEDA’s efforts to address export challenges, particularly the implementation of Turtle Excluder Devices required by the US for wild-caught shrimp imports. He also commended MPEDA’s training programs for farmers, fishers, and processors, which focus on hygiene practices and production of value-added seafood products.During stakeholder meetings, industry representatives raised concerns about market access, regulatory challenges, and environmental issues. Specific issues included pollution in Vembanad Lake affecting shrimp farming and concerns from fishermen about potential catch losses due to Turtle Excluder Devices.In response, Minister Goyal announced the initiation of a Credit Guarantee Scheme by MPEDA to support small fish farms and instructed MPEDA to expedite the registration process with the Coastal Aquaculture Authority.MPEDA, a statutory body under the Ministry of Commerce and Industry, is dedicated to developing and regulating marine product exports from India while promoting sustainable practices and quality standards.

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India Assumes Chairmanship of Bay of Bengal Inter-Governmental Organisation

New Delhi, India – February 22, 2025 India has officially taken over the chairmanship of the Bay of Bengal Inter-Governmental Organisation (BOBP-IGO) from Bangladesh during the 13th Governing Council Meeting held in Malé, Maldives. This transition marks a significant moment for regional fisheries management and underscores India’s commitment to sustainable fisheries and marine resource management. About Bay of Bengal Inter-Governmental Organisation The BOBP-IGO was established in 2003 as a regional fisheries advisory body. It evolved from the Bay of Bengal Programme of the Food and Agriculture Organization (FAO) of the United Nations, which was initiated in 1979. The organization aims to assist member countries in enhancing livelihood opportunities for small-scale fisherfolk in the Bay of Bengal region. Current member countries include Bangladesh, India, Maldives, and Sri Lanka, while Indonesia, Malaysia, Myanmar, and Thailand participate as cooperating non-contracting parties. India’s Vision for Regional Collaboration During the meeting, Dr. Abhilaksh Likhi, Secretary of the Department of Fisheries, Government of India, highlighted India’s commitment to upholding and building upon the achievements of the BOBP-IGO. He emphasized the importance of regional collaboration and the crucial role India and other countries play in advancing the interests of developing nations. Dr. Likhi urged all member nations to enhance mutual support through the exchange of knowledge, technology, experiences, data, and best practices. Key Areas of Focus India has identified several key areas for increased regional cooperation: International Support and Collaboration India remains optimistic about receiving continued support from international organizations such as the FAO, the Southeast Asian Fisheries Development Center (SEAFDEC), and the United Nations Office on Drugs and Crime (UNODC). These collaborations are expected to strengthen the region’s blue economy, harmonize economic development, and contribute to poverty alleviation. Future Vision and Goals India’s leadership in BOBP-IGO aligns with the national goal of ‘Viksit Bharat 2047’, which envisions significant advancements in regional fisheries management and sustainable development. The Department of Fisheries aims to lead member nations effectively and ensure progress in the development of small-scale fisheries across the region. Conclusion India’s assumption of the chairmanship of the Bay of Bengal Inter-Governmental Organisation marks a pivotal moment for regional fisheries governance. Through strong leadership, enhanced collaboration, and a commitment to sustainable practices, India aims to ensure the long-term health and productivity of the Bay of Bengal’s marine resources, benefiting millions of people who depend on these resources for their livelihoods

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14th Asian Fisheries and Aquaculture Forum Convenes in New Delhi, India

New Delhi, India – February 12-15, 2025 The 14th Asian Fisheries and Aquaculture Forum (14AFAF), a triennial scientific forum organized by the Asian Fisheries Society, took place in New Delhi, India, from February 12 to 15, 2025. This event served as a crucial platform for discussing global trends and addressing challenges in the fisheries and aquaculture sector. Under the theme “Greening the Blue Growth in Asia-Pacific,” the forum facilitated the exchange of innovative ideas and research experiences, emphasizing sustainable development goals and the balance between economic advancement and ecological conservation. Inauguration and Participation The forum was inaugurated by India’s Union Minister of Fisheries, Animal Husbandry and Dairying, and Panchayati Raj, Shri Rajiv Ranjan Singh. Over 1,000 delegates from 24 countries participated, including researchers, scientists, policymakers, industry leaders, and other stakeholders. This diverse participation highlighted the global importance of the fisheries and aquaculture sector. Technical Sessions and Parallel Events The forum featured 15 technical sessions covering a wide range of topics crucial to the advancement of fisheries and aquaculture. These sessions included: Parallel events included the Dialogue on Riverine Fisheries and Ecology, an International Development Research Centre (IDRC)-WorldFish Panel Discussion, a Symposium on “Aquatic Animal Diseases: Emerging Challenges and Preparedness,” and an Academia-Industry-Government Meet on “De-risking Shrimp Aquaculture Value Chain for Improved Global Competitiveness.” Key Takeaways from 14AFAF Conclusion The 14th Asian Fisheries and Aquaculture Forum reinforced the need for a holistic approach—blending technology, ecology, and equity—to transform the fisheries and aquaculture sector into a globally competitive, socially just, and environmentally resilient industry. Regional cooperation for transboundary resource management and equitable benefit-sharing among small-scale fishers were deemed crucial for safeguarding livelihoods and ecosystems. About FAO The Food and Agriculture Organization (FAO) of the United Nations is a specialized agency dedicated to leading international efforts to defeat hunger and improve nutrition and food security. FAO supports countries in their efforts to achieve sustainable development goals and promotes the sustainable use of natural resources. For more information, visit the FAO website at www.fao.org.

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