Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jun 24, 2024

Visakhapatnam Port Tops India's Seafood Export Chart With Rs 17,984 Crore Shipments

Visakhapatnam Port Tops India's Seafood Export Chart With Rs 17,984 Crore Shipments
(Source: Unsplash)
STOCKS IN THIS STORY
Nifty MidSmall India Consumption
--
International Indices
--

Visakhapatnam Port emerged as India's top seafood exporting gateway, clocking an impressive shipment of 3.14 lakh tonnes, valued at Rs 17,984 crore in fiscal 2023-24, a port official said on Monday.

Mumbai-based Jawaharlal Nehru Port Authority, which handled over 2.4 lakh tonnes of seafood, valued at Rs 6,396 crore is ranked behind the Visakhapatnam port, followed by Cochin Port at the third position, logging over 1.81 lakh tonnes (Rs 6,120 crore).

"Visakhapatnam Port has established itself as the premier port in India for marine product shipments, handling an impressive 3,14,199 tonnes of seafood valued at Rs 17,984 crore in FY24. This achievement positions Visakhapatnam Port at the forefront of the nation's seafood export sector," said Visakhapatnam Port Authority secretary T Venu Gopal in a press release.

According to Venu Gopal, India's seafood exports touched an all-time high of nearly 18 lakh tonnes in the previous fiscal, worth Rs 60,534 crore.

Incidentally, this record was achieved despite overseas demand challenges, though India managed to export seafood to 132 countries, with the US and China emerging as leading importers. Frozen shrimp is the most exported commodity.

While Andhra Pradesh's fledgling aquaculture ecosystem is a major contributing factor for Vizag port's performance, especially the production of 'vannamei' shrimp variety.

Seafood exports from Odisha through the port have also offered some tailwind.

"The remarkable performance of Visakhapatnam Port underscores the port's strategic importance and efficiency in handling large volumes of seafood exports, significantly contributing to India's burgeoning seafood industry," Venu Gopal added.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search