Indian Seafood Exports Sector

Union Minister Rajiv Ranjan Singh on Wednesday said the government is focusing on increasing annual seafood exports to Rs 1 lakh crore from around Rs 60,000 crore last fiscal and will also take measures to strengthen the foundation of the fishery sector over the next five years. Singh, who is Union Minister for Fisheries, Animal Husbandry & Dairying, was addressing an event to mark the 4th Anniversary of Pradhan Mantri Matsya Sampada Yojna (PMMSY) here. He also launched Pradhan Mantri Matsya Kisan Samridhi Sah-Yojna, and released the standard operating procedure on production & processing clusters in the fisheries sector. The minister noted that the fishery sector, which provides livelihood for more than 3 crore fishers and fish farmers, did not get due attention since independence. However, Singh said the Prime Minister Narendra Modi-led government has taken various decisions since 2014 for the growth of this important sector, including the launch of the PMSSY scheme with an .

Once dogged by diseases, the shrimp sector saw a turnaround post-2009

The ASPA welcomed the extension of the anti-dumping orders

In a setback to $4.7 billion Indian seafood exports sector, the United States International Trade Commission (USITC) has unanimously voted to extend the anti-dumping orders on imports of frozen warm water shrimp for five more years. The United States is the largest market for Indian exporters.As a result of the Commission's determinations, the existing anti-dumping duty orders on imports of the perishable product from China, Thailand, and Vietnam will also remain in place."The USITC determined that revoking the existing anti-dumping duty orders on imports of frozen warm water shrimp from China, India, Thailand, and Vietnam would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time", stated an official statement of the commission.This action is part of the sunset review process mandated by the Uruguay Round Agreements Act. The Act requires the Department of Commerce (DoC) to revoke an anti-dumping or countervailing duty order, or ...