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EU emerges as largest importer of Indian marine products

business Updated: Apr 24, 2008 08:31 IST

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The European Union has emerged as the largest importer of Indian marine products with frozen shrimp continue to be its largest export item in the sector, a senior official of the country's Marine Products Export Development Authority (MPEDA).

India exported over USD 600 million worth of marine products to EU last year. The UK, France, Germany, Belgium, Italy were among the major EU countries for Indian seafood exports, G Mohan Kumar, chairman of the authority, told newspersons in Brussels yesterday.

India exported marine products were valued at USD 1.85 billion during the year 2006-07, accounting 34 per cent of the exports by value.

MPEDA, he said, had set the objective of achieving an export turnover of USD four billion by the year 2012 and USD six billion by 2017,

The frozen shrimp continued to be Indias largest export item in the sector, accounting to nearly 54 per cent of the total value of exports.

"We are very proud of black tiger shrimp to be India's unique shrimp," he told a luncheon gathering of representatives of seafood companies from Europe and elsewhere organised by MPEDA.

Ten Indian companies are among the 1,600 participating from approximately 80 countries in the 16th Annual European Seafood Exposition (ESE) from 22-24 April.