India’s marine exports rise to ₹62,408 crore as government sets ₹1 lakh crore goal
India said marine product exports reached ₹62,408 crore in 2024-25 and urged the industry to move toward a new target of ₹1 lakh crore through diversification and compliance.
India’s marine product exports rose to ₹62,408 crore in the 2024-25 financial year, more than double the ₹30,213 crore recorded in 2013-14. The figures were presented at Seafood Exporters Meet 2026, where the Department of Fisheries and industry representatives reviewed current export performance and the constraints facing the sector.
Fisheries, Animal Husbandry and Dairying Minister Rajiv Ranjan Singh said the increase had been achieved despite global uncertainty. He said the strongest performance had come from non-US markets, a sign that India’s seafood trade is becoming less dependent on a single destination. The government wants exporters to build on that trend by widening both product and market diversification.
Officials used the meeting to press the industry on regulatory discipline. Exporters were told that strict compliance on antibiotic bans, stronger traceability and better adherence to importing-country rules will be essential if India wants to protect existing markets and open new ones. Pricing pressure, market access hurdles and compliance costs were among the issues raised by companies during the discussion.
Singh also referred to the Exclusive Economic Zone rules that are being operationalized through Access Passes, with priority to cooperative societies. He highlighted the export potential of high-value tuna from the Andaman and Nicobar Islands, from EEZ waters and from the high seas. In the government’s view, that potential can only be captured if onboard handling improves and the cold chain becomes more reliable.
The minister therefore called for better packaging, more value addition and a broader search for alternative markets in order to reduce post-harvest and post-landing losses. Those steps are meant to strengthen the entire export ecosystem rather than simply push more raw product into trade channels. The official release after the meeting said exporters were also urged to work toward a new export target of ₹1 lakh crore.
Authorities said sector financing and project support could come from institutions such as EIC, NCDC, NABARD and the Ministry of Food Processing Industries. The government also pointed to investor interest in the Andaman and Nicobar Islands, where projects in sea-cage culture, pearl farming and deep-sea fishing vessels are expected to support the next phase of growth in India’s marine export business.