New Delhi: India’s seafood exports rose sharply by 17.81 percent in April this year, reaching $0.58 billion, according to data from the Ministry of Commerce and Industry. The country continues to hold its position as the fourth-largest producer of marine products globally.

Record performance in FY 2024–25

In the financial year ending 31 March 2025, India exported 16.85 lakh metric tonnes of marine products — marking an increase of over 60 percent. In terms of value, exports rose to $7.2 billion, up from $5.4 billion in FY15.

Sustained momentum amid US tariff concerns

The growth trajectory is continuing into FY 2025–26, despite concerns around proposed tariff hikes by the United States, India’s largest seafood market. At the same time, India and the US are nearing the conclusion of a bilateral trade agreement aimed at boosting trade flows between the two nations.

Expanding global reach

India’s seafood exports now reach 130 countries, a rise from 105 destinations in 2014–15. Frozen shrimp remains the top exported product, accounting for over 40 percent of the total quantity and 66.12 percent of the export value. The US and China are the primary destinations for these exports.

Government schemes powering export growth

India’s competitiveness and higher price realisation in seafood exports are being supported by the Pradhan Mantri Matsya Sampada Yojana (PMMSY). This central scheme promotes a wide range of activities across the fisheries value chain. These include improved fish quality, expansion and intensification of brackish water aquaculture, and promotion of export-oriented species.

Infrastructure, technology and training support

A senior official highlighted that the scheme also focuses on the infusion of modern technology, disease management, traceability, and training. Additionally, the development of post-harvest infrastructure, cold chain systems, fishing harbours, and landing centres has significantly boosted seafood production and export capabilities.

Vision for 2030: $18 billion export target

India is now aiming for an export turnover of $18 billion (Rs 1.57 lakh crore) by 2030. This target is outlined in the Vision Document – 2030 for India’s seafood exports, formulated by the Marine Products Export Development Authority (MPEDA), which operates under the Ministry of Commerce and Industry.

MPEDA and PMMSY leading the charge

MPEDA plays a central role in overseeing and facilitating seafood exports from India. The Department of Fisheries is implementing the PMMSY scheme with an investment of Rs 20,050 crore over five years, from FY 2020–21 to FY 2024–25. The scheme covers all States and Union Territories and has played a crucial role in driving the current growth in seafood exports.

IANS