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India’s marine exports to China heading for USD 1 billion mark

Newdelhi:30/10/19:India’s exports of marine products to China has tripled and touched almost USD 800 million, in the first nine months of 2019, as per the data released by China’s customs authority recently. India’s marine exports are expected to cross USD 1 billion mark by the end of this year.  a Chinese trade delegation visited India on 9th October 2019 and signed a contract for import of marine products worth USD 500 million in the next two years.

The Embassy of India, consulates in Shanghai and Guangzhou, under the guidance of Ministry of Commerce and Marine Products Export Development Authority (MPEDA) has been promoting Indian marine products in China and is engaged with various stakeholders. In order to pitch for India’s strength in this sector, the Embassy of India organized a promotional event and buyer seller meet on marine products in collaboration with MPEDA on the side lines of China Fisheries and Seafood expo in the coastal city of Qingdao, which is also a major port of imports.

Chairman of MPEDA, K.S. Srinivas, led a delegation of more than 40  Indian exporters and exporters associations for the expo which witnessed huge response from Chinese importers with more than 50 participants from 25 major importing companies participating in the event. The CCPIT of Qingdao and CFNA partnered with the Indian Embassy for organizing this event.

Chairman MPEDA briefed about India’s strength in this sector with India emerging as the 4th largest exporters of sea food in the world. India is second largest aquaculture producer, 3rd largest fish producer in the world with exports of marine products worth USD 7 billion. China is a major importer of marine products with imports of around USD 12 billion. He also briefed about the efforts being made by India for ensuring quality of its marine products.

Speaking on this occasion, Prashant Lokhande, Economic and Commercial Counsellor of India Embassy, emphasized on the huge potential and set an ambitious target of achieving USD 2 billion exports in near future. He assured all support to Indian exporters and China’s importers and thanked China’s Commerce Ministry and GACC for their support.

Embassy of India has been promoting various products such as Indian grapes, sugar, rice, pharmaceuticals, tea, oil meals, IT and ITeS in which India has proven global strength but little market share in China.

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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