India's marine exports grow 20 per cent in Dec

India's marine exports grow 20 per cent in Dec

The marine exports stood at USD 217 million in December, 2009, according to Marine Products Export Development Authority (MPEDA) data.

"There is a good demand for marine products like shrimp and fish from the US and Japan markets," an MPEDA official said.

Of the country's total seafood exports, Europe accounts for 26 per cent, the US (17 per cent) and Japan (20 per cent).

During April-December 2010-11, the exports grew 24.70 per cent to USD 2 billion compared to USD 1.6 billion in the last fiscal.

The MPEDA has set up a target of USD 2.5 billion of exports for the current fiscal.
"We expect the exports to exceed the set target of USD 2.5 billion as the seafood exports are witnessing a healthy growth," the official said.

During 2009-10, exports were at USD 2 billion, up about 12 per cent as compared to the previous fiscal.

India's marine exports include black tiger shrimp, fresh water prawn shrimp, fresh sail fish, frozen versatile fish, frozen skip jack and frozen squid.