Drone Technology Takes Flight: A New Era for India’s Fisheries Sector
Union Minister of State Shri George Kurian inaugurates workshop on Application and Demonstration of Drone Technology in Fisheries and AquacultureDrone technology in the fisheries sector is going to be a game changer- Union Minister Shri George Kurian Centre to develop 100 climate resilient coastal villages to protect fisher livelihood said
Potential Shifts in Seafood Exports: Indian Industry Eyes Opportunities Amidst US Market Changes Post-Trump Victory
In the wake of Donald Trump’s recent electoral victory, Indian marine exporters are optimistic about a potential resurgence in seafood exports to the United States. They believe that a revitalized US economy could lead to increased consumer demand, particularly for shrimp products. Currently, the US seafood market is experiencing sluggishness,
Andhra Pradesh Leads the Way in Fishing and Aquaculture: A Deep Dive into India’s Aqua Sector
Andhra Pradesh has emerged as a dominant force in India’s fishing and aquaculture sector, accounting for an impressive 41% share of the country’s total fish production. This remarkable achievement not only underscores the state’s strategic geographic advantages but also highlights the concerted efforts of local authorities, farmers, and businesses in
New Study : India’s Seafood Consumption Projected to Double by 2048
A new study paints a promising picture for India’s seafood industry, predicting a significant rise in fish consumption within the next two and a half decades. The “Fish Consumption in India: Patterns and Trends” Study This research, conducted jointly by ICAR (Indian Council of Agricultural Research) and WorldFish, along with
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,
MPEDA Chairman Rejects Criticism, Calls Shrimp Industry “Guilt-Free”
Dodda Venkata Swamy, chairman of India’s Marine Products Export Development Authority (MPEDA), is pushing back against recent media reports and NGO allegations regarding labor abuses, unsanitary conditions, and food safety violations in the Indian shrimp industry. Swamy maintains that India produces “guilt-free seafood” and boasts a “robust regulatory framework” with
Sustainable Seafood Certifier ASC Exits China, Raising Concerns About Industry Practices
The Aquaculture Stewardship Council (ASC), a leading organization promoting responsible fish farming practices, is pulling out of China. This move comes amidst growing scrutiny of seafood certification bodies and concerns about ethical and sustainable practices in the industry, particularly in Asia. Strategic Retreat or Deeper Issues? The ASC announced their
US Imposes Potential Countervailing Duties on Shrimp Imports from Ecuador, India, and Vietnam
The US shrimp industry has received a boost as the Department of Commerce (DOC) announced preliminary countervailing duties on shrimp imports from Ecuador, India, and Vietnam. These duties are meant to offset any unfair advantage these countries might have gained from government subsidies. The Findings: The DOC determined that shrimp
US Senator Calls for Action on Potentially Unethical Shrimp Imports from India
Louisiana Senator Bill Cassidy is urging the United States Trade Representative (USTR) to investigate potential labor abuses and antibiotic use in India’s shrimp industry. The Senator’s request comes in response to a recent whistleblower report raising concerns about the safety and ethics of shrimp imported from India. Senator Cassidy expressed
Norway Cracks Open Indian Seafood Market with New Free Trade Deal
Good news for Norwegian seafood producers! A recently signed free trade agreement between Norway (through trade organization EFTA) and India opens doors to a massive new market. While India isn’t traditionally known for salmon consumption, growing affluence among some Indians creates an opportunity for Western-style food products. Barriers Lowered, Opportunities
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 Exports See Dip, But Hopeful Signs Emerge for Recovery
India’s once-booming seafood export industry is currently weathering a storm. While the initial target for FY24 was a robust $9.25 billion, current estimates project a more modest figure of around $7.5 billion, falling short of the previous year’s $8.09 billion. This decline can be largely attributed to the sharp drop
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),