U.S. Tariff Spike: A Golden Opportunity for India's Shrimp Market
Maharashtra's Fisheries Minister Nitesh Rane highlighted the opportunity for growth in India's domestic seafood market following a tariff hike on shrimp exports to the U.S. He emphasized the importance of expanding local consumption and reassured fishermen of continued support despite international trade challenges.
- Country:
- India
Maharashtra Fisheries Minister Nitesh Rane has presented a positive perspective on the recent U.S. tariff increase on shrimp exports from India. He encourages stakeholders to view it as a chance to strengthen the domestic seafood market.
Rane highlighted alternatives by noting that Europe and Vietnam remain viable export destinations for Indian shrimp. He emphasized that the local market is robust enough to support fishermen and farmers, aligning with the Aatmanirbhar Bharat initiative.
While the U.S. tariffs pose challenges, Rane reassured the state's fishing community of ongoing governmental support and emphasized the potential for local market expansion. The minister also addressed issues surrounding Mumbai's historic Sassoon Dock, assuring no fishermen would face eviction.
(With inputs from agencies.)
- READ MORE ON:
- tariff
- shrimp
- seafood
- export
- Maharashtra
- US
- domestic market
- Rane
- prawns
- opportunity
ALSO READ
Beefing Up Relations: Australia Eases U.S. Beef Import Curbs
Australia Loosens U.S. Beef Import Rules: Scientific Decision, Not Political Influence
Uttar Pradesh MPs Honoured with Prestigious Sansad Ratna Award 2025
Inter Miami and FC Cincinnati End in Stalemate Amid Messi Suspension Drama
Trade Talks: US and EU Aim for Historic Deal
Google News