The Exponential Growth of Seafood Exports
In the financial year of 2020-21, the marine products and seafood exported by India were 11,49,341 Megatonne. The approximate value of these export was about 43,717 crores according to MPEDA. The seafood exports from the country have witnessed exponential growth and rise over the past years. The Marine products mainly exported by India are Crustaceans and major export volume is dominated by marine fish – mackerel, tuna, and some other species and mollusks like cuttlefish and squid.
Understanding MPEDA Regulations
The marine product export in India is regulated by MPEDA – Marine Products Export Development Authority which is recognized by the MPEDA Act of 1972. It is a statutory body functioning under the Department of Commerce. MPEDA is the Governmental body created for the growth of the seafood industry in India. SkyERP Export Plus is an Export documentation software for marine product exporters, which is developed keeping in mind the guidelines laid down by MPEDA.
Objectives of Overseas Trade Promotion
The objectives of the Overseas Trade Promotion Offices are to promote seafood imports into the respective countries by liaising with Indian exporters as well as overseas importers, developing contacts with government agencies/officials. The Marine Products recognized by MPEDA include all varieties of fishery products known commercially as shrimp, prawn, lobster, crab, fish, shellfish, other aquatic animals or plants, or part thereof.
Highly Exported Marine Products
The list of highly exported marine products and Commercial Fishes is as follows:
- Crustaceans
- Teleosts
- Sciaenids
- Catfish
- Other Fishes
- Molluscs
- Scombroids
- Carangids
- Clupeids
- Elasmobranchs
- Perches
- Ribbon Fish
- Flat Fish
Compliance and Transaction Management
SkyERP Export Plus is one of the best Export Documentation Software for marine product exporters as it has all the provisions to meet your export documentation according to the prescribed regulations. If any dispute arises with your overseas buyer, this documented information helps in overcoming misunderstanding and oversight for both parties. So this best software for export business provides proper documentation which helps you and your overseas buyer in handling your transactions in all means including time management, payment protection, claim on loss, etc.
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