**Executive Summary**
This document responds to unstarred question no. 1429 regarding the impact of US tariffs on Indian seafood exports. It outlines steps the Indian government is taking to address related challenges and promote marine exports. The data provided compares export values for April-October and September-October periods in 2024 and 2025.
**Key Points / Main Content**
* **Government Initiatives:**
* The government monitors marine exports and takes steps to promote them.
* Ongoing engagement with stakeholders to assess the impact of US tariff measures.
* Efforts to mitigate the impact of US tariffs via a multi-pronged strategy, including:
* Intensive engagement with the US Government for a mutually beneficial India-US Bilateral Trade Agreement.
* Trade relief measures of RBI.
* Credit Guarantee Scheme for Exporters.
* Enhancement of domestic demand through next-generation GST reforms.
* Export Promotion measures (e.g., new Export Promotion Mission).
* Pursuing FTAs with new countries and better utilization of existing FTAs.
* **Export Performance:**
* India's marine exports have grown in April-October and September-October, 2025 compared to the same periods last year.
* Export values (in USD Billion):
* April-Oct 2024: 4.20
* April-Oct 2025: 4.87
* Sept-Oct 2024: 1.44
* Sept-Oct 2025: 1.68
* **Fisheries and Aquaculture Development:**
* Projects with a total outlay of Rs. 21274.13 crore have been approved for the development of fisheries and aquaculture through the Pradhan Mantri Matsya Sampada Yojana.
* India's exports in this sector have more than doubled from Rs 30,213 crore in 2013-14 to Rs 62,408 crore in 2024-25, with value-added products rising from 2% to 11%.
* **Fishery Establishments:**
* The number of listed fishery establishments for export to the EU and Russia have increased recently.
**Impact Analysis**
**Stakeholder:** Indian Seafood Exporters
* **Impact:** Affected by US tariffs, supply chain disruptions, and financial pressures.
* **Action Required:** Engage with the government, utilize available support schemes (Credit Guarantee, Export Promotion Mission), and adapt to new FTA opportunities.
**Stakeholder:** Indian Government (Ministry of Commerce and Industry, Department of Fisheries)
* **Impact:** Responsible for mitigating the negative impact of US tariffs and promoting seafood exports.
* **Action Required:** Continue engagement with the US, implement support measures, monitor export performance, and promote aquaculture development.
**Stakeholder:** Indian Fishermen and Aquaculture Farmers
* **Impact:** Potentially affected by tariffs and changes in export demand.
* **Action Required:** Benefit from government support programs (Pradhan Mantri Matsya Sampada Yojana), diversify products, and enhance the value-added of products.
Key Entities Referenced
Ministry of Commerce and Industry: Indian government ministry responsible for trade and industry.
US Tariffs: The tariffs imposed by the United States that affect India's seafood exports.
Pradhan Mantri Matsya Sampada Yojana: A scheme by the Department of Fisheries for development of fisheries and aquaculture.
RBI: Referenced for trade relief measures.
Credit Guarantee Scheme for Exporters: Scheme intended to provide relief to exporters.
GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
LOK SABHA
UNSTARRED QUESTION NO. 1429
ANSWERED ON 09/12/2025
IMPACT OF US TARIFFS ON SEAFOOD EXPORTS
1429. ADV DEAN KURIAKOSE
SHRI TANUJ PUNIA
SHRI ANTO ANTONY
ADV. ADOOR PRAKASH
SHRI KARTI P CHIDAMBARAM
Will the Minister of COMMERCE AND INDUSTRY (वाणिज्य एवं उद्योग मंत्री) be pleased
to state:
(a) the steps being taken by the Government to address the impact of the US tariffs
on the seafood industry;
(b) the steps taken by the Government to address the challenges related to shipment,
supply chains disruptions and growing financial pressure;
(c) the details of financial losses incurred by the seafood industry since September
2025; and
(d) the support is being given by the Government to persons in the fishing sectors
whose livelihood has been affected as a result of the tariffs?
ANSWER
वाणिज्य एवं उद्योग मंत्रालय में राज्यमंत्री (श्री णिणिन प्रसाद)
THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY
(SHRI JITIN PRASADA)
(a) to (d) The Government continues to monitor India’s marine exports and take steps to
promote them. India’s export of Marine products to the world has grown in the periods
April-October and September-October, 2025 when compared to the same periods last
year. Details of India’s export of Marine products to the world (Values in USD Billion) is
provided below:
April -Oct 2024 April-Oct2025 Sept-Oct2024 Sept-Oct 2025
Export 4.20 4.87 1.44 1.68
Source: DGCIS
The Government remains engaged with all stakeholders to assess the evolving impact of
the U.S. tariff measures. The Government continues to work to mitigate the impact of the
US tariff measures on Indian exports through a comprehensive multi-pronged strategy
1encompassing intensive engagement with the US Government for a mutually beneficial
India-US Bilateral Trade Agreement, immediate relief through Trade relief measures of
RBI, Credit Guarantee Scheme for Exporters, enhancement of domestic demand through
next generation GST reforms, Export Promotion measures such as the new Export
Promotion Mission which provide support and assistance to our exporters, pursuing FTAs
with new countries and better utilization of existing FTA. Through consistent efforts, the
number of listed fishery establishments for export to the EU and Russia have increased
recently.
As per data from the Department of Fisheries, through the Pradhan Mantri Matsya
Sampada Yojana, projects with a total outlay of Rs. 21274.13 crore have been approved
for the development of fisheries and aquaculture in the country. This has contributed to
India's exports in this sector more than doubling from Rs 30,213 crore in 2013-14 to Rs
62,408 crore in 2024-25, with the share of value added products rising from 2% to 11%.
It is expected that collectively these measures will enhance diversification and resilience
in India’s marine exports.
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