New Delhi, Feb 17 (KNN) The Marine Products Export Development Authority (MPEDA) informed on Thursday that China has withdrawn the suspension it imposed on shipments from 99 Indian seafood processing and exporting units.

China's decision is a result of India's assurances over source control, a move which would boost marine products exports to the neighbouring country, an MPEDA official said.

Since 2020 China had suspended a total of 110 units over Covid concerns.

But the sustained efforts by the seafood export development body -- MPEDA, were crucial to India's eventual success in getting lifted China's suspension order, according to top officials.

Centre had projected to nearly double the seafood exports to USD 14 billion by 2025.

“The lift on the suspension of the 99 seafood processing units was done on February 14, 2023 and is expected to raise India's export of marine products by 5 per cent to 10 per cent in the next financial year. The suspension of 11 units was revoked earlier,” MPEDA chairman D V Swamy said.

India had 475 establishments that exported seafood during 2021-22.

The country's seafood export to China was worth USD 1.17 billion in 2021-22, clocking a 25 per cent rise from the previous financial year, MPEDA officials said.
(KNN Bureau)

MENAFN17022023000155011030ID1105593505