India aims to double marine products export

8 June 2022, 11:56 am
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India aims to double marine product exports to Rs 1 lakh crore in the next five years from the present around Rs 50,000 crore, Union Minister of Commerce and Industry Piyush Goyal said on Monday.

This target will be achieved through sustainable fishing, ensuring quality and variety, promotion of coastal shipping and aquaculture, and by supporting the entire fisheries ecosystem, Goyal said while addressing media persons at the Marine Products Export Development Authority (MPEDA) in Kochi, Kerala.

The minister said the government has been making efforts to provide market access and new opportunities for the country’s exporters.

He said the marine product exports would give fishermen a better future.

Replying to a question, Goyal ruled out the possibility of shifting the Marine Products Export Development Authority (MPEDA) office from Kochi.

Elaborating on the government’s measures to boost exports, the minister said that the Free Trade Agreements have been finalised with the United Arab Emirates (UAE) and Australia, while negotiations are in progress for such an agreement with UK and Canada.