**Executive Summary**
The Indian government is actively addressing the impact of U.S. tariffs on its seafood exports. Measures include engaging with the U.S. government, trade-related measures through RBI, GST reforms, and export promotion initiatives. The government is also promoting diversified aquaculture covering high-value species such as seabass, cobia and seaweed.
**Key Points / Main Content**
* **Seafood Export Performance:**
* Marine product exports showed significant growth in the first seven months of the financial year (April-October 2025).
* Export value reached ₹42,322 crore (USD 4.87 billion), a 21% increase compared to the previous year (₹35,107.6 crore or USD 4.20 billion).
* Export volume increased by 12%, from 9.62 lakh metric tonnes to 10.73 lakh metric tonnes.
* **Government Initiatives:**
* Engaging with U.S. Government for a mutually beneficial India–U.S. Bilateral Trade Agreement.
* Implementing RBI's trade-related measures and the Credit Guarantee Scheme for Exporters.
* Enhancing domestic demand through next-generation GST reforms.
* Using Export Promotion Mission to support exporters.
* Pursuing new Free Trade Agreements (FTAs) and improving the utilisation of existing FTAs.
* **Fisheries Sector Development:**
* Ministry of Fisheries, Animal Husbandry and Dairying (MoFAH&D) is implementing schemes and programmes for the holistic development of the Fisheries Sector.
* Under PMMSY, approved projects with a total outlay of ₹21274.13 crore.
* India's seafood exports have more than doubled, from ₹30,213 crore in 2013-14 to ₹62,408 crore in 2024-25.
* **Collaboration and Promotion:**
* The Department of Fisheries, in collaboration with MPEDA and other stakeholders, has organized sensitization and awareness programmes on the India–UK CETA.
* Held meetings with Embassies and High Commissions to explore collaboration opportunities.
* Promoting diversified aquaculture covering high-value species.
* Strengthening trade facilitation and enhancing export promotion.
**Impact Analysis**
**Seafood Exporters**
* **Impact:** Affected by U.S. tariffs, but supported by government measures to mitigate the effects.
* **Action Required:** Engage with government initiatives, leverage export promotion schemes, and explore opportunities in new markets.
**Fisheries Sector Stakeholders**
* **Impact:** Benefiting from government investments in fisheries and aquaculture development, as well as promotional activities.
* **Action Required:** Participate in government schemes, improve biosecurity and quality compliance, and explore value addition opportunities.
**Indian Economy**
* **Impact:** Seafood exports contribute to India's foreign revenue. Measures to mitigate the impacts of tariffs and promote exports strengthen the economy.
* **Action Required:** Continue to support and monitor the seafood industry, engage with stakeholders to improve competitiveness and sustainability, and explore opportunities to further diversify the economy.
Key Entities Referenced
US Tariffs: Tariffs imposed by the United States, impacting Indian seafood exports and requiring mitigation strategies.
Ministry of Fisheries, Animal Husbandry & Dairying (MoFAH&D): The Indian ministry responsible for implementing schemes and programmes for the holistic development of the Fisheries Sector.
India–U.S. Bilateral Trade Agreement: A proposed trade agreement between India and the U.S. aimed at mitigating the impact of tariffs and fostering mutually beneficial trade.
Pradhan Mantri Matsya Sampada Yojana (PMMSY): A scheme implemented by the Department of Fisheries, Government of India, for the development of fisheries and aquaculture.
India–UK Comprehensive Economic and Trade Agreement (CETA): Trade agreement between India and the UK, subject of awareness programs and consultations.
Ministry of Fisheries, Animal Husbandry & Dairying
Impact of US tariffs on the seafood industry
प्रव तथ: 17 DEC 2025 7:58PM by PIB Delhi
The Government continuously monitors India’s marine product exports and has undertaken several
measures to support and enhance the sector’s performance. As reported by the Directorate General of
Commercial Intelligence and Statistics (DGCIS), Department of Commerce, marine product exports from
India have shown significant growth during the first seven months of the current financial year (April–
October 2025). During this period, export value stood at ₹42,322 crore (USD 4.87 billion), reflecting a
21% increase over ₹35,107.6 crore (USD 4.20 billion) recorded in the corresponding period of the
previous year. Export volumes also grew by 12%, rising from 9.62 lakh metric tonnes to 10.73 lakh metric
tonnes.
The Government remains engaged with all stakeholders to assess the evolving impact of the U.S. tariff
measures and continues to work towards mitigating their effects on Indian exports through a
comprehensive, multi-pronged strategy. This includes intensive engagement with the U.S. Government
towards a mutually beneficial India–U.S. Bilateral Trade Agreement; immediate relief through RBI’s
trade-related measures and the Credit Guarantee Scheme for Exporters; enhancement of domestic
demand through next-generation GST reforms; and export-promotion initiatives such as the new Export
Promotion Mission, which provides targeted support to exporters. The Government is also pursuing new
Free Trade Agreements (FTAs) and working to improve the utilisation of existing FTAs. Through
sustained efforts, the number of listed fishery establishments approved for export to the EU and Russia
has increased in recent months.
The Ministry of Fisheries, Animal Husbandry and Dairying (MoFAH&D), Government of India (GoI), is
implementing various schemes and programmes for the holistic development of the Fisheries Sector.
Under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), the Department of Fisheries, Government
of India (GoI), during the last five years, has approved projects with a total outlay of Rs. 21274.13 crore
with a central share of Rs. 9189.74 crore for the development of fisheries and aquaculture in the country.
As a result of various well-thought-out policies and initiatives of the Government of India, India's
seafood exports have more than doubled, from ₹30,213 crore in 2013-14 to ₹ 62,408 crore in 2024-25.
The Department of Fisheries, GoI, in collaboration with the Marine Products Export Development
Authority (MPEDA), Department of Commerce, and Other stakeholders, has organized sensitization and
awareness programmes on the India–UK Comprehensive Economic and Trade Agreement (CETA),
conducted stakeholder consultations, seafood exporter meet, and Chintan Shivir on value addition. The
Department of Fisheries, Government of India has also held a series of meetings with Embassies and
High Commissions of potential partner countries to explore avenues for collaboration; strengthen
bilateral trade cooperation in the fisheries sector; promote value addition; enhance biosecurity and quality
compliance; advance automation; and foster R&D partnerships, while supporting broader sustainable
development initiatives. The Government is further promoting diversified aquaculture covering
high-value species such as seabass, cobia, pompano, mud crab, GIFT tilapia, grouper, P. monodon,scampi, and seaweed—with a focus on identifying new markets and deepening existing ones. Efforts
include strengthening trade facilitation, enhancing export promotion through trade delegations and
technical exposure visits, and organising Buyer–Seller Meets.
The above answer was given by Shri Rajeev Ranjan Singh alias Lallan Singh, Minister of
Fisheries,Animal Husbandry and Dairying, Government of India, in response to a question asked in the
Rajya Sabha.
JP
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