Revival in production and exports buoys seafood firms: CRISIL SME Tracker

Small and medium enterprises (SMEs), which account for over 75 per cent of India’s seafood industry revenue, are set for a decent outing following a spurt in both production and exports. These units are clustered around Veraval in Gujarat and Kochi in Kerala.

CRISIL Research expects the industry to grow 5-7 per cent year-on-year, compared with 6-7 per cent in the last fiscal year.

The domestic market, which accounts for as much as 70 per cent of industry revenue, will likely grow 7-9 per cent, apace with last fiscal’s growth.

However, exports, which have a 30 per cent share in