Tuesday, 02 January 2024 12:17 GMT

Vizag Port Emerges As India's Top Seafood Export Hub


(MENAFN- KNN India) Visakhapatnam, Aug 28 (KNN) Visakhapatnam Port has reinforced its position as India's leading gateway for seafood exports, accounting for nearly 30 per cent of the country's marine product shipments in FY24.

According to the Marine Products Export Development Authority (MPEDA), seafood exports through Vizag Port stood at USD 2.19 billion out of India's total USD 7.38 billion.

Despite global trade challenges, India's seafood exports rose marginally to USD 7.45 billion in FY25, though volumes fell from 17.8 lakh tonnes in FY24 to 16.9 lakh tonnes.

Frozen shrimp remained the mainstay, contributing USD 5.17 billion or nearly 70 per cent of total earnings. Other key products included frozen fish (USD 622.6 million) and frozen squid (USD 367.7 million).

The US remained India's biggest market with imports worth USD 2.71 billion, followed by China (USD 1.27 billion) and the European Union (USD 1.12 billion). Southeast Asia, Japan, and the Middle East also remained strong destinations.

Vizag Port's success is backed by world-class facilities such as cold storages, reefer container capacity, and seamless rail-road connectivity, which ensure faster movement of temperature-sensitive cargo.

The Visakha Container Terminal, with a capacity of 6 lakh TEUs and 650 reefer sockets, allows efficient handling of large vessels and uninterrupted power for refrigerated containers.

Around 17 seafood processing plants and 10 hatcheries operate near the port, enabling exporters like Nekkanti Sea Foods, Devi Sea Foods, and Coastal Exporters to maintain quality and meet global demand.

This ecosystem, combined with modern mechanized loading, digital cargo tracking, and sustainability initiatives, strengthens Vizag's role as India's seafood hub.

With India targeting USD 14 billion in seafood exports by 2030, particularly in value-added products, Vizag Port is expected to remain at the centre of this growth. Government support for deep-sea fishing, feed subsidies, and export-friendly policies is likely to further boost the sector's prospects.

(KNN Bureau)

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