Japan, Korea interested to invest in India’s seafood industry

27.09.2016

Two major forces in the seafood sector, Japan and Korea, have expressed interest in investing in value addition of seafood products in India which have touched USD 4.5 billion annually in exports, according to Nirmala Sitaraman, Union Commerce Minister.

“Japan and Korea can bring the technology and best practices from the world over and implement it here in a cost effective manner,” Ms Sitaraman said. At present Andhra Pradesh accounts for 45% of India’s total seafood exports. “We want to increase it to 60-70% in the next couple of years. We have already increased allocation for the seafood sector,” said N Chandrababu Naidu, Andhra Pradesh Chief Minister.

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