India’s seafood exports have surged by 31 pc to Rs 61,044 crore: Minister
Updated On: 03 August, 2024 12:36 PM IST | Mumbai | IANS
The reduction in import duties on various inputs used for the manufacture of prawn and shrimp feed and fish feed announced in Budget 2024-25 is set to make Indian seafood-based value-added products more competitive in international markets
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As a result of various efforts made by the government, India`s seafood exports have increased from Rs 46,662.85 crore in 2019-20 to Rs 61,043.68 crore in 2023-24, registering a growth of 30.81 per cent, the Parliament was informed on Friday.
Minister of State for Commerce and Industry Jitin Prasada furnished figures in the Rajya Sabha to show that the total production and export of marine products in the country has been increasing steadily over the last five years.
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