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Tamil Nadu government plans sea food processing parks

Tamil Nadu Government is planning to set up sea food processing park in Ramanathapuram district and in Thiruvallur district of the state. The food processing park will be set up under public-private partnership mode. The state fisheries department has called for bids to prepare feasibility study and to identify a partner. Land required for the park is available with the state.

Shrimp export suffers due to cheaper alternatives

Shrimp exports, which constitutes 50% of Indian sea food exports is hit by a cheaper alternative from China called white shrimp ‘Vannamei’. China came into this game with full flow, such that from 8.5% growth in 2003, it has grown to 46% and 16% in the next year to capture a large market. Further, with supplies growing, shrimp has lost its exotic trait. Indian sea food industry has to reinvent itself to look at other niche like cod-fish, tuna and cutle fish to arrest this slide

Anti-dumping duty slashed by USA for Sea-Food

In 2004, USA has levied a anti-dumping duty on sea-foods exported by India, Vietnam, Ecuador, China and Thailand. Now, after concerted efforts from Indian companies, US Department of Commerce has reduced country specific duty of 1.69 percent to 0.39 percent now after two rounds of administrative review. Over 170 companies engaged in sea-food exports will benefit now. Indian companies will also get handsome refund of duties paid earlier. 

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