The Department of Fisheries is exploring the possibility of introducing a production-linked incentive (PLI) scheme for micro, small and medium enterprises (MSMEs) in the seafood sector, according to PTI reports.
The proposal was discussed during a meeting between Commerce and Industry Minister Piyush Goyal and Fisheries, Animal Husbandry, and Dairying Minister Rajiv Ranjan Singh.
According to the ministry statement, the proposed framework would help increase the share of value-added seafood products in India’s total marine exports.
The discussions also covered product diversification, export infrastructure, and adoption of technology in processing activities.
The government is also looking at increasing the number of seafood exporters from around 1,200 at present to nearly 5,000 over the coming years. Research and development support for seafood processing units was also part of the discussions.
The Centre currently operates PLI schemes across 14 sectors, including pharmaceuticals, electronics and white goods, with a total outlay of ₹1.97 lakh crore.
The ministries reviewed issues linked to infrastructure development, deep-sea fishing, quality checks, and market access.
Officials also discussed the need for coordinated action on sanitary and phytosanitary (SPS) standards affecting aquaculture and capture fisheries exports.
The ministries also discussed the possibility of geographical indication (GI) tagging for selected seafood species and related products.
A joint 2-day ‘Chintan Shivir’ involving both ministries is scheduled to be held in Visakhapatnam on 5 and 6 June 2026. The meeting is to include discussions with stakeholders from the fisheries and export sectors.
India’s marine products exports reached ₹72,325.82 crore, equivalent to $8.28 billion, in 2025-26, according to the commerce ministry. The figure is the highest level recorded for the sector so far.
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The discussions covered export competitiveness, food safety compliance and infrastructure support, alongside the possibility of a dedicated PLI scheme for seafood MSMEs.
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Published on: May 15, 2026, 2:54 PM IST
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