India's Seafood exports touch all time high of Rs 33,441 crore

India’s seafood exports touched an all-time high at 33,441 crore rupees during the financial year 2014-15. The data was released by Marine Products Export Development Authority (MPEDA).
As per data the marine product exports from the country have crossed all time high breaking previous records in quantity, rupee value and dollar terms.
The quantity of seafood products exported from India were 10.51 lakh tons during 2014-15. It has increased by 6.86 per cent compared to previous financial year 2013-14.
Of the total seafood exports, frozen shrimps have continued to be the flagship product which accounted for 67 per cent earning of the total value.
Among states, Gujarat was ranked at the first place in terms of quantity, while Andhra Pradesh was ranked at first place in terms of value of exports. Kerala ranked at second place, both in terms of quantity and value of exports.
United States has continued to be the largest market for Indian seafood products accounting 26.46 per cent share of total exports.

About Marine Products Export Development Authority (MPEDA)

• MPEDA is a state owned company headquartered in Kochi.
• Established in 1972 under the Marine Products Export Development Authority Act (MPEDA), 1972.
• It functions under the aegis of Union Ministry of Commerce and Industry as a nodal coordinating agency with different Central and State Government establishments engaged in fishery production and allied activities.
• Role of MPEDA: increasing exports of sea food including fisheries of all kinds, specifying standards, marketing, processing, extension and training in various aspects.

Month: Current Affairs - July, 2015