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India’s marine exports to touch $3.5bn
by Jo BlackIndia’s seafood exports, which stagnated few years back, are likely to touch over $3.5 billion from current level of $2.2 billion by 2009, provided a key thrust area include value-addition, expansion of aquaculture, technological upgradation and tapping unexplored resources.
In a paper brought out by Associated chambers of commerce & industry of India (ASSOCHAM) on “Market of Seafoods in India”, it has been projected that India’s Seafood exports, which remained at $1.6 billion in 2005-06 and is anticipated to reach around $2.2 billion in 2007-08, have potential to accelerate faster in view of their growing demand in trading blocks like the EU, Middle East, China, Canada, Tunisa, Puertorico, Russia.
The export of marine products from India set an all time record of 612641 tonnes of value Rs. 83.6353 billion or $2.14 billion and US Dollar 1852.93 million during 2006-07.
Nevertheless, marine products exports have shown an increase of 19.62 % in quantity, 15.43 in Ruppes value and 12.69 % in dollar terms between 2005-06 to 2006-07.
In terms of export earnings, Frozen Shrimp continued to be the largest export item (54% in Value), followed by Fr. Fish (17%), Cuttlefish (10%), Squid (7%), dried items (2%) etc.
The export of tuna fish contributed highly to export earnings. Tuna fish exports are targeted to reach 400 million dollar by 2010.
Andaman and Nicobar Island have been identified as holding 25-30 per cent of tuna potential in the country.
Exports were effected to 90 individual countries during the year 2006-07. Except the USA, all other countries increased their import of marine products from India during the year.
The paper suggests that the strength of the current fleet of fish catching vessels in India is less than 60,000 in number.
With each capacity remaining at about 1.8 tonne, this needs to be expanded to 8 tonne to increase fish acreage, with the latest market available remote sensing equipment to exploit the deep shipping potential of India’s marine products.
Export to Middle East countries showed a tremendous growth by 4% in quantity, 4.44% in value and 4.46% in US$ terms.
Export to Canada, Tunisa, Puertorico, Russia, Lithuania, Reunion, Fuji Island, & Bangladesh etc. showed a positive growth, whereas export to USA, Mexico, Cyprus, Australia & Maldives Islands showed a negative trend.
India’s major export items include frozen fish, cuttlefish, squid and dried items.
States like Andhra, Tamil Nadu, Kerala, Maharashtra and West Bengal, Gujarat, Orissa have huge marine products potential which needs to be harnessed in a manner that can enhance India’s export potential, provided all possible incentives and encouragement in terms of policies & finance is given to exporters, concludes the paper.
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