Strengths of Indian Seafood Industry

Strengths of Indian Seafood Industry

India is the second largest aquaculture producer in the world, contributing 7% of the world output, according to a SWOT study. India has recently seen a boom in the production of the pacific white shrimp Vannamei. In addition to aquaculture, India has a very long coastline yielding a wide variety of seafood both on the East and West Coasts. 

The fact that Indian seafood exports reached an all time high of USD 5.5 billion during the 2014-15 indicates that the international market has been appreciative of the quality of Indian seafood.

Marine Products Development Authority (MPEDA) and Export Inspection Council (EIC), two govt bodies, ensure that exporters comply with all international standards. Subsidies and other government assistance have also helped the export sector.

India has now tremendously increased the quality of processing, road transportation, public cold storages, shipment connectivity and port infrastructure facilities which have eased the bottlenecks hitherto faced by exporters.