August 20, 2008

 

Falling fish production may prompt India to consider fish processing business 

 
 

Falling seafood production amid rising demand may force India to consider imports for re-exporting, according to Marine Products Export Development Authority (MPEDA).

 

India's seafood exports fell 11.6 percent from 2006-07 to 2007-08.

 

Rising consumption in India may also mean that India could soon reach an equilibrium between imports and exports, an MPEDA representative said.

 

As Indian seafood production is falling, it would make sense to import fish products for processing and re-export, he said. This would mirror the practice in India's spice trade, in which the industry imports the raw product and re-exports the value-added product, Commodity Online reported.

 

MPEDA said it is investing more in research and marketing to target India's future marine product at foreign consumers, rather than simply bulk exporting. 

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