MPEDA targets $20 billion exports in next 5 years

New Delhi, Aug 24 (KNN) The Marine Products Export Development Authority (MPEDA) has set a target to achieve exports worth USD 20 billion in the next five years, said Dodda Venkata Swamy, MPEDA chairman in a press release.

To achieve its set goals, MPEDA has planned to identify 20 export markets and entrust each market to an officer to gauge the export potential and monitor market trends.

“To achieve the set target, it will require a growth rate of around 15 per cent, “he said.

MPEDA, along with the goal to increase its exports, will also launch a monthly market update. It is also preparing a buyers’ directory for distribution among exporters.

“Since States play a significant role in the implementation of various activities of MPEDA, preparing a State-wise export development plan in consultation with States will be our priority. The organisation is exploring the option of identifying entrepreneurs to export seafood in rupees to Russia,” he added.

With to aim to provide a unified platform for interaction between Indian exporters and overseas importers of India’s marine products, the Marine export association is all set to organise the 23rd biennial India International Seafood Show (IISS) in Kolkata.

MPEDA, which is credited with making India’s marine products a global brand, will kick off its golden jubilee celebrations on Wednesday in Bolgatty Island near Kochi.

Minister of State for Commerce and Industry Anupriya Patel will open the golden jubilee event in the city on August 24. The MPEDA Export Awards and Champions trophy of MPEDA Golden Jubilee Marine Quest 2022 will be presented on the occasion, said the press release.  (KNN Bureau)