India is looking for alternative market
US President Donald Trump has announced a 50 percent tariff on India. India is now looking for a way to cut this tariff of America. Due to the Russia, which has been traded by the oil, India has been looked at by Trump, now India is looking towards the markets of Russia.
India used to trade fish with America. Shrimps were sold in the US market. But, now when America has a whip of tariff on India, traders have been alerted after this.
Businessmen alerted
India imports fish-seafood in America. Amid concerns about the serious impact on the country’s serious impact on the country’s fisheries, the government on Monday asked the seafood exporters to start searching for alternative markets to sell shrimp and other fish varieties.
Union Fisheries and Animal Husbandry Minister Rajiv Ranjan Singh held a meeting with seafood exports regarding the matter. He said, we asked him to bravely face the current challenge (from exports). Alternative markets are available. Where there is a desire, there is a way.
India’s seafood trade will affect
India currently spills frozen shrimp and prons to America. India’s share of seafood supply to the US increased from 24.4% in 2015 to 40.6% in 2024. However, after increasing the tariff of Trump, it will have an impact on supply, so the country has been asked to find an alternative market. The meeting held on Monday was held for this purpose, so that the way to supply the seafood of India besides America, this meeting was also organized to formulate a strategy.
India will cut tariffs with Russia-China
Some alternative markets for India’s seafood supply include UK, European Union (EU), Oman, UAE, South Korea, Russia and China. Seafood is eaten very much in South Korea, due to which special attention will be given to South Korea.
60 thousand crore fish export
The minister said, to get new markets, traders will have to emphasize the need for greater value addition and better packaging. The minister said, we have asked them to work in this direction (from exporters). The minister said that in the last ten years, India’s fish export has increased considerably, which has doubled from Rs 30 thousand crore to 60 thousand crores.
India’s sea food exports, frozin shrimp, was $ 7.38 billion in FY 2025, with the US stake at $ 35% ($ 2.8 billion). A large part of the country’s seafood exports to the US is ‘Vannamei shrimp’. Ecuador was 19% in the US’s annual seafood imports of $ 6 billion.