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yesterday

Naidu Flags Rs 25,000 Crore Shrimp Export Hit From US Tariffs, Seeks Centre’s Help

Export orders have been cancelled by up to half, signaling a sharp loss of competitiveness in the US market.

Andhra CM urges Centre to support aqua farmers hit hard by US tariffs
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Overview

  • In letters to the finance, commerce and fisheries ministers, the Andhra Pradesh chief minister quantified losses and sought urgent central support for the aquaculture sector.
  • He reported roughly Rs 600 crore in tariff burden on about 2,000 export containers after the US duty increases.
  • Andhra Pradesh supplies about 80% of India’s shrimp exports and 34% of marine exports, with livelihoods spanning roughly 2.5 lakh aqua-farmer families and 30 lakh allied workers.
  • Requested measures include a Rs 100 crore corpus fund, GST and financial flexibility, dedicated trains for seafood transport, cold storages and hygienic markets, a one-time Rs 1 lakh Kisan Credit Card top-up, and regional research offices.
  • The state cited a Rs 9 per kg cut in feed prices and possible subsidised transformers, while urging bank moratoriums and interest support, a temporary 5% GST waiver on frozen shrimp, market diversification and FTAs to open alternatives to the US.