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Indian officials have said that in the next few years, India's aquaculture industry will develop in the direction of diversification and actively develop a market
for new products other than shrimp products.
T.
R.
T.
T.
Lee, Deputy Directorate, Indian Seafood Export Development Authority (MPEDA) Gibinkumar told UCN: "South American white shrimp will still account for India's largest share of exports in the
coming years, and that will not change.
However, we hope to attract more investment to diversify farmed species from South American white shrimp to black tiger shrimp and other fish such as pomfret, perch or tilapia
.
Our marine industry production has stagnated, so we are now very focused on developing new types of aquaculture
.
”
R.
T.
T.
Lee, Deputy Directorate, Indian Seafood Export Development Authority (MPEDA) Gibinkumar told UCN: "South American white shrimp will still account for India's largest share of exports in the
coming years, and that will not change.
However, we hope to attract more investment to diversify farmed species from South American white shrimp to black tiger shrimp and other fish such as pomfret, perch or tilapia
.
Our marine industry production has stagnated, so we are now very focused on developing new types of aquaculture
.
”
MPEDA expects India's total seafood exports to grow by 15% in the 2022/23 financial year to more than US$8.
8 billion (in the 2021/22 financial year, India's exports were about US$7.
76 billion).
India has also set export targets for the 2025/26 fiscal year totalling $14 billion
.
8 billion (in the 2021/22 financial year, India's exports were about US$7.
76 billion).
India has also set export targets for the 2025/26 fiscal year totalling $14 billion
.
Gibinkumar said that more and more Indian farmers may soon switch to black tiger shrimp farming, which is native to India and more
expensive.
"European buyers who come to the show have already expressed interest in buying black tiger shrimp, so in the coming years, black tiger shrimp will be the key
to driving India's export growth.
" Our goal is to balance the production of South American white shrimp and black tiger shrimp, but the South American white shrimp remains the main focus
.
”
expensive.
"European buyers who come to the show have already expressed interest in buying black tiger shrimp, so in the coming years, black tiger shrimp will be the key
to driving India's export growth.
" Our goal is to balance the production of South American white shrimp and black tiger shrimp, but the South American white shrimp remains the main focus
.
”
If the Indian shrimp industry is to remain competitive, it will face some challenges
in the coming years.
"Other Asian countries, such as Vietnam, Thailand and Indonesia, are stepping up to catch
up on production.
China's exports have not yet fully recovered, competition in the U.
S.
market has intensified, and we must redouble our efforts to improve efficiency to maintain our position
.
Gibinkumar said
.
in the coming years.
"Other Asian countries, such as Vietnam, Thailand and Indonesia, are stepping up to catch
up on production.
China's exports have not yet fully recovered, competition in the U.
S.
market has intensified, and we must redouble our efforts to improve efficiency to maintain our position
.
Gibinkumar said
.
Gibinkumar said that Indian shrimp exported to the EU market was subject to a 6% tariff, while Vietnamese shrimp were duty-free
.
"It's
going to be very tough.
Vietnam and Southeast Asian countries are gaining their standing in both the United States and the European Union, which is definitely a very serious problem
for us.
We want to maintain our position in the markets where our products are located by conducting more aggressive marketing campaigns
.
”
.
"It's
going to be very tough.
Vietnam and Southeast Asian countries are gaining their standing in both the United States and the European Union, which is definitely a very serious problem
for us.
We want to maintain our position in the markets where our products are located by conducting more aggressive marketing campaigns
.
”
According to the International Trade Center (ITC), India exports 734,000 tons of frozen shrimp products worth $5.
72 billion
in 2021.
72 billion
in 2021.
