India to ship seafood worth $8.8bn in FY22 – Times of India

Kolkata News

Kolkata: India is likely to achieve sea food exports worth $8.8 billion this fiscal and has already crossed the $2-billion mark in the first quarter. The president of the Seafood Exporters’ Association of India (West Bengal Region), Rajarshi Banerjee, said that there has been a turnaround in sea food exports after the pandemic.
India exported sea foods to as many as 123 countries in 2021-22. The top-five destination countries in 2021-22 are: the US, China, Japan, Vietnam and Thailand. They contribute 70.8% to the total exports kitty. Shrimp has a share of 75% of the export market. West Bengal exports Rs 8,000 crore worth of seafood each fiscal.
“We feel that the next two quarters would be good as intake in the US and the EU would go up,” he added.
Banerjee was talking to reporters on the sidelines of a press interaction organised to announce India International Seafood Show 2023. Kolkata will host the show this time in February 2023. This was announced by MPEDA chairman K N Raghavan and SEAI National President Jagadeesh Fofandi at a joint press conference.
Raghavan said the biennial showpiece event in the seafood sector, to be held at the Biswa Bangla Mela Prangan in Kolkata, will provide an ideal platform for interaction between Indian exporters and overseas importers of the country’s marine products.

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Source: https://timesofindia.indiatimes.com/city/kolkata/india-to-ship-seafood-worth-8-8bn-in-fy22/articleshow/93605214.cms