India has shifted its ambitious seafood export goal of ₹1 lakh crore (US$11.5 billion) from 2025 to 2030, acknowledging shortfalls from FY24’s ₹60,523 crore despite volume records of 17.3 lakh tonnes.
Exports grew 30% in value over four years to US$7.37 billion in FY24, driven by shrimp to the US (60%) and EU, but high-value products lag at under 30% and tariffs hinder diversification. FY25 volumes hit 16.85 lakh tonnes (+88% decade-on-decade), yet value stalled amid global prices and US duties.
Union Minister Rajiv Ranjan Singh launched the National Traceability Framework on World Fisheries Day 2025, mandating digital tracking for sustainability and premium pricing. Targets include 30% high-value/value-added exports by 2030, deep-sea fishing expansion via 200-nm EEZ vessels, and FTAs with the UK/EU for tuna, shrimp markets.
Success hinges on cold chain upgrades at ports like Kochi and Visakhapatnam, Turtle Excluder Devices adoption, and PMMSY’s ₹38,572 crore investments doubling production to 195 lakh tonnes. This supports coastal economies while navigating US tariffs via Vietnam rerouting scrutiny.
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