Seafood Exports Likely to Cross Rs 10-bn Mark by 2020: Sharma - The New Indian Express

Seafood Exports Likely to Cross Rs 10-bn Mark by 2020: Sharma

Published: 11th January 2014 06:00 AM

Last Updated: 11th January 2014 10:49 AM

India’s seafood exports, which is now around Rs4 billion, is expected to cross the Rs10-billion mark by 2020, according to  Union Commerce and Industries Minister Anand Sharma.

Sharma, who inaugurated the 19th edition of India International Seafood Show 2014 here on Friday, said that by next year the export of seafood would touch Rs5 billion mark and would double by 2020.

A J Tharakan, chairman of Seafood Exporters Association of India, said that the good export performance by the seafood sector has been entirely due to the record aquaculture production of vannamei shrimp species in Andhra Pradesh.

Tamil Nadu Fisheries Minister K A Jayapal said that the state has introduced a scheme to tap the deep sea fishery wealth by providing 50 per cent subsidy (up to `30 lakh) assistance to fishermen for constructing deep sea fishing boat by adopting sustainable fishing methods such as tune long line and gill netting.

He further said the tenders for the first phase of fish processing parks at Nagapattinam and Cuddalore on public private partnership will be announced shortly.

Similarly, Ramanathapuram and Ernavoor in Thiruvallur district would be taken up under the second phase for establishing fish processing parks.

Jayapal also urged the seafood export fraternity to come forward and support sustainable development of fisheries sector in Tamil Nadu in improvising infrastructure, storage and seafood handling capacity on par with international standards to compete globally in the  sea food industry.

Tharakan also urged the Union Ministry of Agriculture to ensure that adequate import and specific pathogen-free vennamei broodstock is permitted for approved hatcheries so that aquaculture farmers get them in reasonable price.

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