PMMSY: Transforming the Indian Fisheries Sector

A Big Leap for Indian Fisheries In 2020, the Indian fisheries sector was poised for a major transformation, thanks to the reforms initiated by Prime Minister Narendra Modi. Recognizing the immense potential of the Blue Economy, Modi launched a series of initiatives to systematically develop the sector, including the creation

Bengaluru’s Ornamental Fisheries Market Flourishes with Rs 100 Crore Monthly Revenue

Bengaluru’s ornamental fisheries market is experiencing a robust surge, contributing to an impressive monthly revenue of approximately Rs 100 crore, as revealed by the Fisheries Research and Information Centre. Dr. Chethan N, a Fisheries Scientist at Karnataka Animal and Fisheries Sciences University (KAFSU), noted a significant 15-20 percent growth in

India’s Shrimp Exports Maintain Strong Momentum in Q3 2023

India's shrimp export sector continues to defy expectations, registering a 6% increase in Q3 2023 compared to the same period in 2022. Strong demand from key markets, coupled with enhanced quality and sustainability measures, has fueled this growth.

Navigating the Seafood Seascape: Technology’s Transformative Voyage in India’s Seafood Retail Industry

Technology has revolutionized the seafood retail industry in India, impacting how seafood is sourced, distributed, marketed, and consumed. Technological advancements have enhanced supply chain transparency, traceability, and efficiency through blockchain technology and IoT devices. E-commerce and online marketplaces have expanded consumer access to a wider variety of seafood products. Mobile

Riding the Waves: US Shrimp Imports Poised to Surge After Over a Year Underwater

American shrimp aficionados rejoice - there is light at the end of the tunnel after over a year of shrinking shrimp supplies. New data from the National Oceanic and Atmospheric Administration (NOAA) suggests shrimp import volumes into the United States have posted year-over-year increases for three months straight.

India’s Shrimp Exports Face Potential Disruption as US Senator Proposes Stiff Tariffs

The Indian seafood industry is facing a potential storm as a US senator has proposed imposing steep tariffs on shrimp imports from India. The proposed India Shrimp Tariff Act, introduced by Louisiana Senator Bill Cassidy, aims to levy duties of 10%, 20%, and eventually 40% on Indian shrimp imports, effectively

Indian Seafood Industry Faces Slump Amidst Global Shrimp Market Challenges

The Indian seafood industry, which recently achieved a record $8 billion export in FY23, is now facing a slump due to a combination of factors, including tepid global demand for shrimp, falling prices, and excess shrimp stocks. This downturn has raised concerns among industry experts and exporters, who fear a

India’s Seafood Exports: A Voyage of Growth and Transformation in the Global Arena

India's seafood industry has emerged as a global powerhouse, achieving an all-time high in both volume and value of exports during the financial year 2022-23. This remarkable milestone reflects the industry's resilience, innovation, and unwavering commitment to quality and sustainability. This article delves into the intricacies of India's seafood exports,

SEAI Drives MSC Certification for Indian Marine Species, Enhancing Seafood Market Access

The Seafood Exporters Association of India (SEAI) is spearheading efforts to secure Marine Stewardship Council (MSC) certification for a variety of marine species caught off India's coast. This move aims to boost the sustainability credentials of Indian seafood and expand its reach in international markets.