Seafood products export grows to a record US$ 7759.58 million in FY22
New Delhi/IBNS: India’s Seafood products export grew to a record US$ 7759.58 million in FY 2021-22 in three years from US$ 6679 million in FY 2019-20.
Minister of State for Commerce and Industry Anupriya Patel told the Parliament on Friday that 13,69,264 Metric Ton (MT) of seafood products were exported during FY22 while it was 12,89,651 MT in FY20.
The Centre provides financial assistance to the seafood processors/exporters through Marine Products Export Development Authority (MPEDA) for the development of infrastructure and up gradation of new technologies in the fisheries sector all over the country, Patel told the Parliament.
Through MPEDA efforts are being made to bring in more investment in high-end value addition and impart skills to workers in the processing units for producing such products so as to enhance the unit value realization in export, she added.
During the period 2017-18 to 2021-22, total financial assistance of approx. Rs. 99.00 Crores have been extended by MPEDA.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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