EU emerges as largest importer of Indian marine products

EU emerges as largest importer of Indian marine products

24 April 2008
LONDON: The European Union has emerged as the largest importer of Indian marine products with frozen shrimp continuing to be its largest export item in the sector, a senior official of the Marine Products Export Development Authority (MPEDA) said.

India exported over USD 600 million worth of marine products to EU last year. The UK, France, Germany, Belgium, Italy were among the major EU countries for Indian seafood exports, G Mohan Kumar, chairman of the authority, told newspersons in Brussels on Wednesday.

India exported marine products valued at USD 1.85 billion during the year 2006-07, accounting 34 per cent of the exports by value.

MPEDA, he said, had set the objective of achieving an export turnover of USD 4 billion by the year 2012 and USD 6 billion by 2017,

The frozen shrimp continued to be India’s largest export item in the sector, accounting to nearly 54 per cent of the total value of exports.

“We are very proud of black tiger shrimp to be India’s unique shrimp,” he told a luncheon gathering of representatives of seafood companies from Europe and elsewhere organised by MPEDA.

Ten Indian companies are among the 1,600 participating from approximately 80 countries in the 16th Annual European Seafood Exposition (ESE) from April 22 to April 24.

Source: The Times of India