India Aims to Double Seafood Exports in Two Years, Debunking Safety Concerns
A senior Indian government official has outlined ambitious plans to significantly boost the country’s seafood export industry. The goal is to reach Rs 1 lakh crore (approximately $12.5 billion) within the next two years. This strategy hinges on increasing processing capacity and transitioning to higher value-added seafood products. The official,
A Heartfelt Dive into India’s Shrimp Saga: Crafting a Future Where Everyone Wins
Let’s chat about something that’s been bubbling up in the world of seafood – the Indian shrimp industry. You might’ve heard some buzz, with folks taking sides and a bit of drama unfolding. Elias Sait from the Seafood Exporters Association of India wasn’t too thrilled, calling out what he sees
Shrimp Sinking: What’s Causing the Industry Downturn?
The shrimp industry holds a significant position in India’s total seafood basket. In FY23, the country’s seafood exports amounted to $8 billion, with frozen shrimps commanding a whopping 70 per cent share of this total. However, the industry has weathered rough times of late. From losing its crown as the
Indian seafood exporters benefit from rupee settlement with Russia
India’s seafood exports to Russia have seen a significant boost in the last nine months, thanks to the new mechanism of trade settlement in rupees that was introduced by the Reserve Bank of India (RBI) in July 2022. According to the data from the Marine Products Export Development Authority (MPEDA),
High Hopes for High Seas: Can Infrastructure Investment and Seafood Boost India’s Exports
India’s export scene faces a tough challenge with a recent 5.7% dip in merchandise exports. However, amidst the decline, a glimmer of hope emerges from two key areas: high capital expenditure (capex) and a focus on boosting seafood exports. Let’s dive into the details and see if these strategies can
Navigating the Blue Wave: A Deep Dive into India’s Seafood Sector and the Top 5 Stocks Poised for Exponential Growth
Introduction:India, blessed with an extensive coastline and thriving river environments, has emerged as the world’s third-largest seafood-producing nation, capturing global markets with its quality seafood. The recent surge in seafood exports, reaching an all-time high of US$8.09 billion in the financial year 2022-23, has catapulted the sector into the spotlight.
Shrimp Boom: Indian Seafood Swims Upstream as Exports Dive
While global economic woes dampen seafood exports, India’s domestic market is experiencing a delightful catch. Premium companies are diving in, lured by the rising demand for succulent shrimp, squid, lobster, and seer fish. This shift presents a unique opportunity to transform the largely unorganized Indian seafood industry and establish the
Asian Seafood in Limbo: India’s Onion Export Ban Hurts Beloved Dishes
Across Asia, beloved seafood dishes are losing their spice due to India’s unexpected ban on onion exports. From Bangladesh’s fragrant biryanis to Sri Lanka’s fiery fish curries, the humble onion, usually sourced from India, is now shrouded in uncertainty. The sudden export halt, spurred by a domestic price hike, has
Indian Seafood Giant Captain Fresh Prepares to Reel in Europe and America: Salmon Processor and Shrimp Importer Acquisitions on the Hook
Forget whale watching, the Indian seafood industry is preparing to make some serious waves of its own. Venture capital-backed Captain Fresh, a rising star in the sector, is casting its net across two continents, with potential acquisitions of a European salmon processing plant and a US shrimp importer simmering. Europe’s
Global Shrimp Council Sets Sail for US Shores: Nine Countries, 20 Companies Aim to Hook American Hearts (and Plates)
A new force has risen in the world of shrimp: the Global Shrimp Council (GSC), a powerful alliance of nine countries and 20 companies with their sights firmly set on conquering the American market. This ambitious initiative, spearheaded by America’s National Fisheries Institute (NFI), is more than just a marketing
US Investigates Indian Shrimp Exports, Threatening Tariffs and Hurting Exporters
The United States is currently investigating claims that Indian shrimp exports are being subsidized by the Indian government. This has raised concerns among Indian shrimp exporters and fishermen, who fear that the US will impose tariffs on Indian shrimp, making it more expensive in the US market and hurting their
Kerala based Startup Launches Digital Platform for Decentralized Finance in Seafood Exports
Breaking Barriers for Seafood Exporters: A New Wave of Decentralized Finance A revolutionary digital platform, Renai.IO, is poised to disrupt the seafood export industry by offering a decentralized finance (DeFi) solution for exporters seeking cheaper and easier access to funding. This Kerala-based startup, led by entrepreneur Avira Tharakan, promises to
Indian Expat’s Innovative Research Paves the Way for Greener Seafood Exports
From Sea to Sustainability: Ajith PJ’s Research Paves the Way for Greener Seafood Exports A transformative wave is cresting in the maritime industry, driven by the innovative research of Indian expat Ajith PJ. His doctoral research, focused on measuring energy efficiency and reducing carbon emissions in offshore support vessels, has