Marine product exports grow to INR 3.42 billion in FY'12
(fis.com) Marine product exports are estimated to have grown by 20 per cent to INR 3.42 billion in the last fiscal on the back of increased shipments to South East Asia, Japan and the US. The country had shipped marine products worth INR 2.85 billion in 2010-11 financial year.
"In 2011-12 fiscal we estimate the growth in export earnings to rise by more than 20 per cent as there has been good demand from South East Asian countries, besides Japan, the US and the European Union," a senior Agriculture Ministry official said.
Export of frozen shrimp and fish have registered a positive growth both in quantity and value. The shipments of frozen squids and cuttlefish have also witnessed a rise in value terms, the official added.