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Government Weighs PLI to Lift Seafood MSMEs After Record Exports

The move signals a push to turn record FY26 seafood exports into broader, higher-value growth.

Overview

  • The commerce ministry said Thursday the Fisheries Department will explore a production-linked incentive scheme for seafood MSMEs to raise export competitiveness.
  • The proposed plan sets targets to lift the share of value‑added products in exports and grow the exporter base from about 1,200 to 5,000.
  • A joint meeting led by ministers Piyush Goyal and Rajiv Ranjan Singh mapped work on traceability, quality checks, and disease‑free zones to meet global food safety rules.
  • Officials outlined steps to tap inland potential by promoting freshwater species and urged at least one processing plant in every district to strengthen post‑harvest capacity for farmers and small processors.
  • A two‑day Chintan Shivir on June 5–6 in Visakhapatnam will refine the roadmap following FY26’s all‑time high seafood exports of Rs 72,325.82 crore (USD 8.28 billion) driven by frozen shrimp.