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Piyush Goyal & Ranjan Singh Meet to Boost Fisheries Exports

Union Minister Piyush Goyal met Fisheries Minister Ranjan Singh to discuss boosting fisheries exports and enhancing fisherfolk incomes. India's seafood exports reached a record Rs 72,325.82 crore in FY26, driven by frozen shrimp. While US exports declined due to reciprocal tariffs, growth in China, EU, and Southeast Asian markets offset the losses. Both ministers reiterated their commitment to sustainable growth and innovation in the sector.

Key Points: Piyush Goyal Discusses Fisheries Export Boost Measures

  • Piyush Goyal and Ranjan Singh discuss boosting fisheries exports
  • Focus on enhancing incomes of fisherfolk
  • India's seafood exports hit record Rs 72,325.82 crore in FY26
  • US export decline offset by growth in China, EU, and Southeast Asian markets
2 min read

Piyush Goyal discusses measures to boost fisheries exports

Union Minister Piyush Goyal met Fisheries Minister Ranjan Singh to discuss boosting exports, enhancing fisherfolk incomes, and driving innovation in India's seafood sector.

"We also reiterated our continued commitment to fostering sustainable growth & driving innovation in the sector. - Piyush Goyal"

New Delhi, May 14

Minister for Commerce and Industry Piyush Goyal on Thursday met Minister of Fisheries, Animal Husbandry and Dairy, Ranjan Singh, and discussed opportunities to boost fisheries exports.

They also discussed means to enhance the incomes of fisherfolk of the country, Goyal said in a social media post after co-chairing a meeting with the Fisheries minister.

"We also reiterated our continued commitment to fostering sustainable growth & driving innovation in the sector," Goyal added.

India's seafood exports have recorded robust growth, driven largely by strong performance in non‑US markets, Singh had said earlier. He had emphasised the need for sustained market and product diversification and strict regulatory compliance, including adherence to antibiotic bans and strengthened traceability systems.

India's seafood exports surged to a record Rs 72,325.82 crore in FY26, with volumes reaching 19.32 lakh metric tonnes, according to provisional data released by the Marine Products Export Development Authority (MPEDA) recently.

Frozen shrimp remained the primary growth driver, contributing Rs 47,973.13 crore, accounting for over two-thirds of total export earnings.

Shipments of shrimp grew 4.6 per cent in volume and 6.35 per cent in value, reinforcing its dominance in India's marine products export basket, according to the Ministry of Fisheries, Animal Husbandry and Dairying.

According to an official statement, the US retained its position as the largest export destination, with imports totalling $2.32 billion. However, shipments to the US declined by 19.8 per cent in volume and 14.5 per cent in value, reflecting primarily the impact of reciprocal tariffs.

This decline was offset by robust growth in alternative markets such as China, EU and Southeast Asian countries.

Exports to China, the second-largest destination, rose 22.7 per cent in value and 20.1 per cent in volume.

- IANS

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Reader Comments

R
Rajesh Q
Heartening to see the focus on sustainable growth in fisheries! India's seafood exports are booming, especially to China and Southeast Asia. The diversification from US markets is smart, given the tariff uncertainties. Hope the benefits reach the actual fisherfolk at the grassroots level. 🐟🇮🇳
N
Naveen S
Impressive growth in shrimp exports, but we should also promote other marine products to reduce dependency on shrimp. Also, strict quality control is crucial to maintain trust in international markets, especially with antibiotic bans. Good to see the government taking this seriously.
A
Aman W
While I appreciate the record exports, the decline in US shipments due to tariffs is worrying. Need more aggressive market diversification. Also, inland fisheries and aquaculture in states like Bihar, UP, and Odisha should be developed to create more livelihoods. The meeting is a good step, but implementation is key.
S
Siddharth J
Finally, some attention to our fisheries sector! Our coastal villages have been neglected for so long. The emphasis on traceability and compliance with global standards is important to avoid any ban on our exports. Let's hope this meeting leads to concrete action on the ground. 👍
J
James A
Great to see cross-departmental collaboration to boost fisheries exports. The growth in shrimp dominance is notable, but sustainability practices need to be front and center. With China and EU emerging as strong markets, India can reduce reliance on the US. Smart strategy overall.

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