Performance and Perspective Analysis of Indian Shrimp Exports
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FULL-LENGTH RESEARCH ARTICLE
Performance and Perspective Analysis of Indian Shrimp Exports Naorem Dinesh Singh1 • N. Sivaramane2 • V. R. Kiresur3 • S. K. Pandey1 Swadesh Prakash1 • M. Krishnan2
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Received: 12 September 2019 / Accepted: 7 September 2020 NAAS (National Academy of Agricultural Sciences) 2020
Abstract Tariffs on shrimps and a few other items imported from the USA are set to go up as the government of India has decided to impose retaliatory duties worth over $200 million on 29 products. This work focuses on shrimp which is the flagship item of seafood exports from India which accounts for 10% of the total exports and nearly 20% of the agricultural exports. Changing markets and product profile including exports diagnostics are explored. Backed by a strong market acceptance, international markets for Indian shrimp have been relatively steady but product profile needs to develop vertically. India needs to diversify its focus from frozen shrimp into value added products. It needs to develop resilience to foreign exchange rates volatility and retain, diversify and develop niche markets. Overall, strong and steady performance of Indian seafood exports overtime should not lead to complacence. Industry needs to be supported both physically and financially. National Bank for Agriculture and Rural Development (NABARD) finance and priority sector lending needs to broad base their outlook to enable industry to update and adopt latest processing technology to develop and market value added shrimp. The MPEDA and Coastal Aquaculture Authority (CAA) which govern aquaculture production and regulation need to look into restructuring shrimp farming in the country to eliminate negative externalities that limit full-scale exploitation of its potential. The steady contribution of seafood exports to the foreign exchange kitty of India should make it a priority sector for attention, in terms of financial, physical, human and social considerations. The newly announced MatsyaSampada Yojana of the government of India, should envisage strategies for sustainable exploitation of available open common use resources of fisheries and aquaculture in the light of climate change scenario and human resource development for sustaining the sector. Keywords Seafood exports Agricultural exports Changing markets NABARD Processing technology MatsyaSampada Yojana
Introduction
& M. Krishnan [email protected] 1
ICAR- Central Institute of Fisheries Education, Mumbai 400061, India
2
ICAR- National Academy of Agricultural Research Management, Hyderabad 500030, India
3
University of Agricultural Sciences, Dharwad 580005, India
Indian fisheries and aquaculture are key sectors that provide food and nutritional security, besides livelihood support and gainful employment to about 14 million people, contributing substantially to agricultural exports (http:// nfdb.gov.in/about-indian-fisheries.htm, [31]). Fisheries contributes 0.91% of the gross domestic product and 5.23% to the gross value added from agriculture of the country [2
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