More
    HomeHomeSeek new markets: Govt urges seafood exporters | India News - Times...

    Seek new markets: Govt urges seafood exporters | India News – Times of India

    Published on

    spot_img


    NEW DELHI: Amid concerns over the US move to impose a 50% tariff on Indian goods significantly impacting the export of India’s fisheries, the government on Monday asked seafood exporters to explore alternative markets for shrimps and other fish varieties. “We have asked them (exporters) to face the current challenge bravely. There are alternative markets available… Where there is a will, there is a way,” Union fisheries and animal husbandry minister Rajiv Ranjan Singh said after a meeting with seafood exporters.India is currently the leading supplier of frozen shrimps and prawns to the US, with its market share increasing significantly from 24.4% in 2015 to 40.6% in 2024. Since the enhanced tariff will impact India’s market share in the US, the country will have to explore alternative markets. The meeting on Monday was held to chart a strategy to expand India’s market reach.The alternative markets identified for the purpose include the UK, European Union (EU), Oman, UAE, South Korea, Russia and China, with there being special focus on South Korea’s potential and west Asia’s growing demand for Indian seafood.Emphasising the need for greater value addition and better packaging in gaining new markets, Singh said, “We have asked them (exporters) to work in this direction”.





    Source link

    Latest articles

    AirPods may soon get in-person live translation, iOS 26 beta hints ahead of iPhone 17 launch

    Apple could be bringing in-person or real-world live translation to AirPods, making them...

    Madonna Urges Pope Leo to Go to Gaza: “There Is No More Time”

    Madonna is pleading with Pope Leo to travel to war ravaged Gaza to...

    Taylor Swift Curates Playlist for New Album ‘The Life of a Showgirl’

    Taylor Swift has officially announced her 12th studio album, The Life of a...

    D Gukesh makes comeback to finish Day 1 of St. Louis Rapid and Blitz at third

    Reigning world champion D Gukesh bounced back from a first-round loss to secure...

    More like this

    AirPods may soon get in-person live translation, iOS 26 beta hints ahead of iPhone 17 launch

    Apple could be bringing in-person or real-world live translation to AirPods, making them...

    Madonna Urges Pope Leo to Go to Gaza: “There Is No More Time”

    Madonna is pleading with Pope Leo to travel to war ravaged Gaza to...

    Taylor Swift Curates Playlist for New Album ‘The Life of a Showgirl’

    Taylor Swift has officially announced her 12th studio album, The Life of a...