Fisheries Sector

Why India for Fisheries Processing?

  • India, with a production of around 11.4 million MT, is the second largest fish producer in the world
  • Marine food processing levels in India currently stand at 23%
  • India is endowed with abundant geographical resources suited for both marine and inland fisheries, such as a long coastline (7517 km), abundant rivers and canals, reservoirs, ponds and tanks, and brackish water
  • The export market is currently valued at USD 4.7 Bn/million MT
  • Currently India's marine exports are mostly in the frozen form; however immense potential exists for exporting value added products

Major States

(Production in Mn'MT)

State-Wise Production

Exports

  • India exported marine products worth USD 4.7 Bn in 2015-16
  • USA (28%), South East Asia (25%), EU (21%) and Japan (9%) are the major export destinations for Indian marine products
  • Contribution of frozen shrimp to exports stands at 40% in volume terms and 66% in value terms. Frozen fish (24%), frozen cuttle fish (7%) and frozen squid (9%) account for the other major exports in volume terms
  • Marine products are exported through 30 different sea/air/land ports across the country. While Pipavav serves as the major port with respect to volume, Vizag sees the highest export value of marine products

Opportunities

Equipment & Technology Suppliers

  • Upgradation and capacity expansion for cold chain
  • Innovations in packaging for increased shelf life and product differentiation
  • Infrastructure development for fishing harbours/landing centers/wholesale markets in line with international standards

Fisheries Processing Players

  • Value addition and product development, especially RTE/RTC products, for domestic as well as export markets
  • Potential to process value added products with Indian taste, for example, fish/shrimp pickle, fish/shrimp curry, skewers, fish marinated with Indian spices

Major Investors

Connect with us for any Investment Related Query

Contact