Seafood exporters look at alternatives to US, Europe

India exported $5.8 bn of seafood products in FY17. The US was the largest market; the EU was third

With the European Union (EU) and United States (US) adopting various restrictive measures to curb seafood import, Indian exporters are exploring new markets.

India exported $5.8 billion (Rs 37,870 crore) of seafood products in 2016-17. The US was the largest market; the EU was third.

"We believe that in the short and middle term, Indian seafood exporters would look at other markets like Japan, Korea, CIS, Eastern Europe and the Middle East. Developing these markets further for products from India should be the next logical step for MPEDA (Marine Products Export Development Authority) and the industry. China and Vietnam continue to be