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Substantial Growth in India’s Seafood, Wine Industry As Exports Surge
November 23, 2024byMediaeye NewsMediaeye News
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Substantial Growth in India’s Seafood, Wine Industry As Exports Surge

New Delhi: 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, the Indian ambassador to Belgium, Luxembourg, and the European Union (EU), highlighted the event’s significance in fostering cultural and trade ties.

Sunil Barthwal, Secretary of the 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, 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 percent of total exports) and marine exports accounting for $7.36 billion (22 percent 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, according to the ministry, India is the EU’s second-largest supplier of shrimp, holding an 8 percent market share, and contributes 12 percent of the EU’s squid imports.

 

 

 

 

 

 

 

–IANS

 

 

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