India plans to double marine product exports to Rs 1 lakh crore from the present Rs 50,000 crore throughout the subsequent 5 years, Commerce Minister Piyush Goyal stated on Monday.
Addressing media individuals in Kochi, he stated that the goal shall be achieved by means of sustainable fishing, promotion of coastal transport and aquaculture.
Mr Goyal stated that Free Trade Agreements (FTAs) have been inked with international locations like UAE and Australia, whereas talks are on with UK and Canada for related agreements.
The minister stated negotiations to achieve an FTA with the European Union will start in Brussels later this month.
Mr Goyal stated the hassle was to offer market entry and new alternatives for the nation’s exporters and consequently give fishermen a greater future.
Earlier, he had an interplay with Seafood Exporters Association of India (SEAI) and in addition met with fishermen from Kerala, Tamil Nadu, Puducherry and Karnataka.