NewKerala.com

India's Seafood Export Ambition: Rs 1 Lakh Crore Target by 2030

India has set an ambitious target to achieve Rs 1 lakh crore in seafood exports by 2030. The government launched a new National Framework on Traceability in Fisheries and Aquaculture to modernize the sector. Ministers emphasized the importance of value addition, with 30% of exports expected to come from high-value products by the deadline. The fisheries sector currently supports over 3 crore livelihoods and has seen production double in the last decade.

Key Points: India Aims for Rs 1 Lakh Crore Seafood Exports by 2030

  • India aims to boost seafood exports to Rs 1 lakh crore by 2030 through strategic initiatives
  • New traceability framework launched to modernize fisheries value chain and regulation
  • Focus on increasing value-added products to 30% of total seafood exports by 2030
  • Fish production doubled from 96 lakh to 195 lakh tonnes in last decade
  • Government investing in sustainability through marine studies and turtle protection devices
  • Seafood export volume reached 16.85 lakh tonnes in FY 2024-25, up 88% in decade
2 min read

India targets Rs 1 lakh crore in seafood exports by 2030

India targets Rs 1 lakh crore seafood exports by 2030 with new traceability framework, value-added products focus, and sustainability initiatives to boost global competitiveness.

"The newly launched traceability framework is a game-changing reform that will help fishers secure higher returns - Union Minister Rajiv Ranjan Singh"

New Delhi, Nov 21

India has set an ambitious goal to boost seafood exports to Rs 1 lakh crore by 2030, Ministry of Fisheries, Animal Husbandry & Dairying said on Friday.

Union Minister Rajiv Ranjan Singh addressed the World Fisheries Day 2025 celebration here through a video message, while Ministers of State Prof. S. P. Singh Baghel and George Kurian attended the event in person.

The celebration marked a significant milestone for the sector with the release of the National Framework on Traceability in Fisheries and Aquaculture 2025, along with several new guidelines and standard operating procedures aimed at modernising and regulating the fisheries value chain.

In his address, the Union Minister stressed the importance of innovation, traceability, packaging, and brand-building to strengthen India's competitiveness in global markets.

He urged industry stakeholders to adopt certification standards and use Free Trade Agreements to enter new international markets.

He described the newly launched traceability framework as a game-changing reform that would help fishers secure higher returns and improve India's position in global seafood trade.

Minister of State George Kurian highlighted that India has doubled fish production from 96 lakh tonnes to 195 lakh tonnes in the last decade, supported by investments worth Rs 38,572 crores under initiatives like PMMSY.

Outlining the future roadmap, he said India aims to ensure that 30 per cent of its seafood exports by 2030 come from high-value and value-added products.

Prof. S.P. Singh Baghel said the fisheries sector supports the livelihoods of more than 3 crore people and plays a key role in export-led growth.

He noted that GST reforms, digital processes, and expansion in the number of registered exporters have boosted ease of doing business and strengthened India's seafood export ecosystem.

Speaking at the event, Fisheries Secretary Dr. Abhilaksh Likhi said India's seafood export volume touched 16.85 lakh tonnes in FY 2024-25, showing an 88 per cent rise over the last decade.

He said the government is focusing on value addition, sustainability, regulatory compliance, and diversification to position India as a major global seafood processing hub.

He also underscored ecological sustainability efforts, including marine mammal studies and the adoption of Turtle Excluder Devices.

- IANS

Share this article:

Reader Comments

R
Rohit P
Great to see the government's focus on sustainability with turtle excluder devices. We need to balance economic growth with environmental protection. The 88% export growth in a decade shows we're on the right track! 🐟
A
Arjun K
While the target is ambitious, I hope the benefits actually reach the small fishermen. Often these big numbers don't translate to better livelihoods at the grassroots level. The traceability framework sounds promising though.
S
Sarah B
Impressive growth from 96 lakh to 195 lakh tonnes! The PMMSY scheme seems to be working well. Looking forward to seeing Indian seafood brands become global household names. 🦐
V
Vikram M
Value addition is key! We've been exporting raw materials for too long. Processing and packaging will help us capture more value in the international market. Good move by the government.
K
Kavya N
3 crore livelihoods dependent on fisheries! That's massive. Hope the focus on digital processes and GST reforms makes it easier for small exporters to participate in this growth story. 🙏

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50