The government of India has adopted a comprehensive, multi-pronged strategy to counter the impact of US tariff measures on India’s seafood exports and strengthen the performance of the marine sector.
The approach includes bilateral engagement with the US government toward a mutually beneficial India-US Trade Agreement, financial and trade facilitation measures such as the Reserve Bank of India’s trade-related interventions and the credit guarantee scheme for exporters, domestic support through next-generation GST reforms and the export promotion mission, and the expansion and improved utilization of free trade agreements (FTAs), Rajeev Ranjan Singh alias Lallan Singh, Minister of fisheries, animal husbandry and dairying, said in a written reply to a question in the Rajya Sabha.
According to data from the directorate general of commercial intelligence and statistics (DGCIS), department of commerce, marine product exports from India recorded a 21% increase in value and a 12% rise in volume during the first seven months of the current financial year (April-October 2025). Export earnings stood at ₹42,322 crore (US$ 4.87 billion) compared with ₹35,107.6 crore (US$ 4.20 billion) in the same period last year. Export volumes rose from 9.62 lakh metric tons to 10.73 lakh metric tons.
To support the fisheries sector, the ministry of fisheries, animal husbandry and dairying (MoFAH&D) is implementing various schemes, including the Pradhan Mantri Matsya Sampada Yojana (PMMSY). Over the past five years, projects worth ₹21,274.13 crore, including a central share of ₹9,189.74 crore, have been approved for the development of fisheries and aquaculture across the country. As a result of these sustained efforts, India’s seafood exports have more than doubled—from ₹30,213 crore in 2013-14 to ₹62,408 crore in 2024-25.
The department of fisheries, in collaboration with the Marine Products Export Development Authority (MPEDA) and the department of commerce, has organized several sensitization and awareness programmes on the India-UK Comprehensive Economic and Trade Agreement (CETA), stakeholder consultations, seafood exporter meetings, and a Chintan Shivir on value addition.
The department has also held meetings with embassies and high commissions of potential partner countries to explore collaboration opportunities, promote value addition, enhance biosecurity standards, and foster research and development partnerships.
In addition, the government is promoting diversified aquaculture with a focus on high-value species such as seabass, cobia, pompano, mud crab, GIFT tilapia, grouper, P. monodon, scampi, and seaweed. It is also strengthening trade facilitation and export promotion through trade delegations, technical exposure visits, and buyer–seller meets, Singh said.
IndiFoodBev — authentic, impactful and influential
An English-language food and beverage processing and packaging industry B2B platform in print and web, IndiFoodBev is in its third year of publication. It is said that the Indian food and beverage industries represent approximately US$ 900 billion in revenues which implies more than 20% of the country’s GDP. Eliminating the wastage on the farmside can help to deliver more protein to a higher number of the population apart from generating sizable exports. The savings in soil, seeds, water, fertilizer, energy and ultimately food and nutrition could be the most immense contribution that country is poised to make to the moderation of climate change.
To improve your marketing and grow sales to the food and beverage processing and packaging industry, talk to us. Our research and consulting company IppStar [www.ippstar.org] can assess your potential and addressable markets in light of the competition. We can discuss marketing, communication, and sales strategies for market entry and growth.
Suppliers and service providers with a strategy and budget for targeted marketing can discuss using our hybrid print, web, video, and social media channels to create brand recognition linked to market relevance. Our technical writers are ready to meet you and your customers for content.
The second largest producer of fruit and vegetables in the world is continuously expanding processing capacities and delivery systems with appropriate innovative technologies. We cover product and consumer trends, nutrition, processing, research, equipment and packaging from farm to thali. Get our 2025 media kit and recalibrate your role in this dynamic market. Enhance your visibility and relevance to existing markets and turn potential customers into conversations. Ask for a sample copy of our bi-monthly in print or our weekly IndiFoodBev eZine each Wednesday.
For editorial info@ippgroup.in — for advertisement ads1@ippgroup.in and for subscriptions subscription@ippgroup.in
Naresh Khanna – 10 February 2025
Subscribe Now
