India’s marine export sector stands at a pivotal juncture, poised for transformative growth as it approaches 2030. Central to this evolution is the Marine Products Export Development Authority (MPEDA), which has delineated a comprehensive vision to elevate India’s stature in the global seafood market. This strategic blueprint not only aims to amplify export volumes but also emphasizes value addition, quality enhancement, and sustainable practices.

Current Landscape of Indian Marine Exports

As of the latest fiscal year, India has achieved seafood exports valued at approximately USD 8.09 billion. Notably, value-added products constitute about 10% of this figure, translating to roughly USD 860 million. In the expansive global seafood market, valued at USD 189 billion, value-added products represent 18% or USD 34 billion. India’s share in this segment stands at a modest 2.5%, underscoring significant potential for growth and expansion.

MPEDA’s Strategic Vision for 2030

MPEDA has articulated an ambitious roadmap with the following core objectives:

1. Doubling Value Addition: Aiming to increase the share of value-added products in exports from the current 10% to 20% by 2030. This initiative responds to evolving consumer preferences and intensifying competition from countries like Thailand, Vietnam, and China.

2. Enhancing Export Value: Setting a target to elevate seafood export earnings to USD 14 billion by 2025, positioning India as a formidable player in the global market.

3. Capacity Building and Training: Implementing nationwide training programs to equip the workforce with advanced processing techniques, ensuring the production of high-quality, value-added seafood products.

4. Policy Advocacy: Lobbying for the reduction of tariffs on essential components used in value-added seafood processing, such as breadcrumbs, sauces, and packaging materials, to make Indian products more competitive internationally.

5. Infrastructure Development: Promoting the establishment of modern processing units, especially in coastal states like Odisha, to boost local production and export capabilities.

Initiatives and Collaborations

To actualize its vision, MPEDA has embarked on several initiatives:

• International Expertise Exchange: Hosting training sessions with global experts, such as Vietnamese seafood processing specialists, to impart knowledge on value addition and best practices to Indian processors.

• State-Level Schemes: Collaborating with state governments to launch schemes like the Promotion of Aquaculture and Shrimp Export Cell in Odisha, aimed at fostering value addition at the grassroots level.

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• Financial Support Mechanisms: Advocating for increased import duty exemptions on inputs essential for value-added products, thereby reducing production costs and enhancing competitiveness.

The Role of Altus Exports in Empowering Indian Manufacturers

As India charts its course towards enhanced marine exports, strategic partnerships become pivotal. Altus Exports emerges as a catalyst in this journey, offering a platform for Indian manufacturers to seamlessly navigate the complexities of global trade.

How Altus Exports Facilitates Global Outreach

1. Market Access and Buyer Identification: Leveraging an extensive network and comprehensive databases, Altus Exports identifies and connects manufacturers with potential buyers across diverse international markets.

2. Marketing and Promotion: A dedicated marketing team employs a blend of traditional and digital strategies to enhance product visibility, generate leads, and drive conversions in the global arena.

3. Quality Assurance and Compliance: Ensuring that products meet international standards, Altus Exports assists manufacturers in adhering to stringent quality benchmarks, thereby fostering trust and reliability among global consumers.

4. Documentation and Certification Support: Navigating the labyrinth of export documentation, Altus Exports provides guidance on obtaining necessary certifications and maintaining compliance with international trade regulations.

Partnering with Altus Exports

Manufacturers aspiring to expand their global footprint can benefit from a partnership with Altus Exports. By collaborating, manufacturers gain access to:

• Strategic Market Insights: In-depth analysis and understanding of market trends to make informed decisions.

• Robust Distribution Networks: Established channels that facilitate efficient product distribution and market penetration.

• Sustainable Business Practices: Commitment to eco-friendly operations and ethical business standards, aligning with global sustainability goals.

To explore partnership opportunities and embark on a journey of global expansion, manufacturers are encouraged to connect with Altus Exports through their Manufacturer Partnership page.

Conclusion

MPEDA’s visionary roadmap for 2030 delineates a transformative trajectory for India’s marine exports, emphasizing value addition, quality enhancement, and sustainable growth. Achieving these ambitious targets necessitates collaborative efforts, where entities like Altus Exports play a crucial role in bridging the gap between local manufacturers and global markets. Through strategic partnerships and unwavering commitment, India’s marine export sector is poised to attain unprecedented heights in the global seafood industry.