Advertisements

Visakhapatnam Port Leads Indian Seafood Exports with Record Numbers

by Ella

Visakhapatnam Port Authority (VPA) has emerged as the leader in India’s seafood export sector for the fiscal year 2023-24, handling 3,14,199 tonnes of seafood valued at ₹17,983.99 crore. This achievement underscores the port’s pivotal role in facilitating substantial exports and contributing significantly to the nation’s economy.

Top Performers in Seafood Exports

Following closely behind Visakhapatnam Port, Jawaharlal Nehru Port Authority (JNPA) secured the second position by handling 2,40,253 tonnes of seafood valued at ₹6,395.70 crore. Cochin Port ranked third, managing 1,81,400 tonnes valued at ₹6,120 crore. These ports have collectively bolstered India’s position as a major player in global seafood trade.

Advertisements

Growth and Market Dynamics

In the fiscal year 2023-24, Visakhapatnam Port’s seafood exports reached an impressive volume of 3.14 lakh tonnes, with a corresponding value of ₹17,984 crore. This substantial growth highlights the port’s strategic advantage in handling marine exports, particularly from Andhra Pradesh’s thriving aquaculture sector. Additionally, exports from Odisha routed through Visakhapatnam Port have further bolstered its leadership in the seafood export market.

Advertisements

Market Insights and Trends

Indian seafood exports in the previous fiscal year totaled 18 lakh tonnes, setting an all-time high in volume and valued at ₹60,534 crore. The United States and China emerged as the top export destinations for Indian seafood products, with frozen shrimp being the most sought-after commodity.

Advertisements

Conclusion

Visakhapatnam Port’s dominant position in seafood exports underscores its critical role in India’s maritime trade landscape. With continued growth and strategic initiatives, including robust infrastructure and efficient logistics, the port is poised to further strengthen its global footprint in the seafood export market. As India continues to expand its seafood export capabilities, Visakhapatnam Port remains pivotal in driving economic growth and facilitating trade opportunities on a global scale.

Advertisements

YOU MAY ALSO LIKE

blank

Wellfoodrecipes is a professional gourmet portal, the main columns include gourmet recipes, healthy diet, desserts, festival recipes, meat and seafood recipes, etc.

【Contact us: [email protected]

Copyright © 2023 wellfoodrecipes.com