Overview
- At a national workshop on June 5, 2026, Commerce Minister Piyush Goyal and Fisheries Minister Rajiv Ranjan Singh announced a government goal to raise marine product exports to USD 30 billion within five years.
- The pledge builds on a 2025–26 baseline when India recorded a then‑record Rs 73,890.46 crore (about USD 8.45 billion) in marine exports and shipments of 19.72 lakh metric tonnes.
- Ministers emphasized a quality‑led shift from raw commodities to value‑added seafood products, urging exporters to build brands, cut raw‑shrimp imports and fetch higher prices abroad.
- Trade and logistics measures named to support the plan include nine recently concluded FTAs covering 38 developed countries, the PM Matsya Sampada Yojana funding, plans to add cargo airports and a planned regional National Fisheries Board office in Andhra Pradesh.
- The push could raise incomes for processors and small fishermen by improving prices and market access, but success will depend on scaling production beyond shrimp, expanding inland‑state exports and delivering the promised infrastructure and scheme financing.