Team Blitz India
NEW DELHI: India is aiming to expand its seafood exports to around $12 billion in the next two years from $8 billion currently, mainly by focusing on high-end markets including the United States and Europe, two Government officials said .
India has emerged as the biggest supplier of seafood, particularly frozen shrimps, to the United States, with exports doubling over eight years to $2.6 billion in 2022/23, one of the officials at the Commerce Ministry said.
Total frozen shrimp exports topped $5.6 billion in 2022/23, according to commerce ministry estimates.
“The Government intends to focus on value addition and supply to high-end markets while creating awareness about good labour and environment practices among exporters,”: the officials said.
Shrimp farming has emerged as a big opportunity for nearly 200,000 workers, mainly women in the Southern states of Andhra Pradesh, the second official said, noting, however, that global demand could remain weak this fiscal year.
