City
Epaper

India’s seafood, wine industry grows substantially as exports surge: Centre

By IANS | Updated: November 23, 2024 11:45 IST

New Delhi, Nov 23 India’s premium seafood and vibrant wine industry has grown substantially, with seafood exports alone ...

Open in App

New Delhi, Nov 23 India’s premium seafood and vibrant wine industry has grown substantially, with seafood exports alone reaching $7.3 billion in value and 17.81 lakh metric tonnes in volume, the government said on Saturday.

At an event hosted by the Embassy of India in Brussels, India’s finest culinary offerings in wine and seafood were showcased to business leaders, trade bodies, marine foods importers, government trade agencies, and members of the diplomatic community.

It was organised in collaboration with the Agricultural and Processed Food Products Export Development Authority (APEDA), and the Marine Products Export Development Authority (MPEDA), according to the Ministry of Commerce and Industry.

Saurabh Kumar, Ambassador of India to Belgium, Luxembourg and European Union (EU) highlighted the event’s significance in fostering cultural and trade ties.

Sunil Barthwal, Secretary, Department of Commerce, spoke about India’s dynamic trade landscape and its growing partnership with the European Union, particularly in the seafood and wine sectors.

At the event, the attendees indulged in a carefully-curated menu featuring five premium Indian seafood varieties: Vannamei shrimp, Black Tiger shrimp, Kingfish (Surmai), Tilapia, and Squid.

These delicacies were expertly paired with wines from Indian vineyards, whose bold reds, crisp whites, and refreshing roses demonstrated the global recognition of India’s wine craftsmanship.

The Indian wine industry has grown substantially, with over 24 prominent brands combining global expertise with indigenous traditions.

Reds such as Cabernet Sauvignon, Shiraz, Merlot, and Sangiovese, along with whites like Chenin Blanc, Sauvignon Blanc, and Viognier, were highlighted.

India’s total exports reached $433.09 billion in 2023-2024, with agricultural commodities contributing $33.24 billion (8 per cent of total exports) and marine exports accounting for $7.36 billion (22 per cent of agricultural exports) across 132 countries.

Exports of Vannamei shrimp have quadrupled, firmly establishing it as a high-quality seafood product. With 500 EU-approved firms, India’s seafood processing capacity continues to expand, making the EU, India’s second-largest seafood market, with annual purchases of $0.95 billion.

Additionally, India is the EU’s second-largest supplier of shrimp, holding an 8 per cent market share, and contributes 12 per cent of the EU’s squid imports, according to the ministry.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalAustralian PM Albanese, ministers sworn in following election victory

TechnologySECI chief terminated after allowing Anil Ambani’s Reliance Power to bid with fake documents: Sources

Other SportsCricket Australia asks players to decide on return to India as IPL 2025 is set to resume

EntertainmentAbhimanyu Dassani to star in biopic on Galwan hero Sepoy Gurtej Singh, produce by father Himalaya

BusinessSECI chief terminated after allowing Anil Ambani’s Reliance Power to bid with fake documents: Sources

Business Realted Stories

BusinessIndia's Communication Services to deliver strongest EPS growth in 2025 and 2026: JP Morgan

BusinessAfter India UK FTA, focus must be on local content to prevent entry of Chinese goods: Report

BusinessNaveen Patnaik highlights industrial growth of Odisha between FY 2015 to FY 2024

BusinessSikyong Penpa Tsering engages with Tibetan youth, urges unity against Chinese oppression

BusinessCentre urges states to explore possibility of setting up nuclear power plants