Plan to double marine product exports to Rs 1 lakh cr: Piyush Goyal
Goyal held an interactive session with seafood exporters and traditional fishermen at Marine Products Export Development Authority, and said the govt will empower fishermen to expand fishing activity
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New Delhi, June 7: India’s revenue from marine product exports crossed Rs 50,000 crore in 2021-22 and India has set a target to achieve Rs 1 lakh crore export income in five years, said Union Minister for Commerce and Industry Piyush Goyal.
He said India is in the process of entering into free trade agreements with various countries which will help improve exports. The country has finalised free trade agreements with UAE and Australia while negotiations are on with the UK and Canada.
Goyal inaugurated Amrit Tower, a 13-floor standard design factory building with a built-up area of 1 lakh square feet in Cochin Special Economic zone. The building has been constructed at an expense of Rs 66 crore to create an ecosystem for budding entrepreneurs in the emerging technology sector. He also inaugurated a zero liquid discharge common effluent treatment plant with the capacity to process one million litres of water per day.
He held an interactive session with seafood exporters and traditional fishermen at Marine Products Export Development Authority (MPEDA), and said the government will empower fishermen to expand fishing activity to India’s exclusive economic zone (EEZ) which extends to 200 nautical miles from the coast.
He said the government will soon unveil a 6-point programme to support the fishing sector by promoting sustainable practices, improving quality of fishing, increasing the variety of species, promoting aquaculture and supporting fishing ecosystem by promoting deep-sea fishing.
He said India is in the process of entering into free trade agreements with various countries which will help improve exports. The country has finalised free trade agreements with UAE and Australia while negotiations are on with the UK and Canada.
On June 17, India will start formal negotiations with the European Union in this regard. He said the government is taking steps to provide market access and open new avenues for the country’s exporters.
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The minister also held discussions with stakeholders in the rubber and spices sector. I had a very fruitful discussion with farmers and processors who are exporting 52 varieties of spices. I have received a lot of good ideas and understood that there is great potential for development of Kochi,” he said.
Goyal inaugurated Amrit Tower, a 13-floor standard design factory building with a built-up area of 1 lakh square feet in Cochin Special Economic zone. The building has been constructed at an expense of Rs 66 crore to create an ecosystem for budding entrepreneurs in the emerging technology sector. He also inaugurated a zero liquid discharge common effluent treatment plant with the capacity to process one million litres of water per day.