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

InternationalCuban envoy on how Che Guevara's meeting with Nehru began India-Cuba ties

InternationalVolunteers rally after deadly Hong Kong fire claims 83 lives

International"Not allowed to speak": Imran Khan's sister narrates ordeal of journalists in Pakistan

Other Sports"It is a moment of pride": Elavenil Valarivan after Ahmedabad gets hosting rights for 2030 Commonwealth Games

Other SportsDronacharya Awardee Mahavir Phogat expresses happiness over Ahmedabad hosting 2030 Commonwealth Games

Business Realted Stories

BusinessTelangana to be divided into 3 zones to achieve Vision 2047

BusinessBusinesses, high-value payers to benefit most from 'Banking Connect' system: NBBL MD

BusinessGST reforms, PM-Kisan payments, making farming easier, claim participants at EIMA

BusinessIRCTC refutes claims of halal-only non-veg meals on trains

BusinessWorking to help India achieve PM Modi’s target of 10 million solar rooftops: Australian envoy (IANS interview)