India's marine exports may grow over 28 per cent in FY13
(fis.com) India's marine exports are likely to grow by over 28 per cent year-on-year to USD 4.5 billion in the current fiscal on rising demand in western markets During 2011-12, seafood exports stood at USD 3.5 billion, according to the data provided by the Marine Products Export Development Authority (MPEDA).
"We expect seafood exports to touch USD 4.5 billion in 2012-13 due to increase in demand, mainly for Litopenaeus Vannamei shrimp and Black Tiger shrimp, in the U.S. and European markets," an MPEDA official said.
The U.S. and Europe together account for over 45 per cent of the country's total seafood exports.