INDIRECT TAXES
| Marine products exports grow Sun, 24 Apr 2011 |
| KOCHI: Exports of marine products from India during the financial year 2010-11 touched the $2.67-billion mark, growing 10.96 per cent in quantity, 20.42 per cent in rupee value and 25.55 per cent in dollar realisation over the figures for 2009-10, say provisional export data. This is the first time that the marine products industry in India had crossed the $2.5-billion mark. The average unit value realisation went up by 13 per cent. The Marine Products Export Development Authority office here says the achievement was made despite the after-effects of the recession in the international market, a stronger rupee vis-à-vis the euro and the dollar and the impact of the collapse of the economies of Greece, Spain and Portugal, causing the depreciation of euro against the dollar. Shrimp and squid exports increased considerably during the year, the data say. Large-scale production of the Vannamei shrimps, in addition to the high production of the black-tiger variety, and the increased landing of squid may be the reason. As much as 1,0000 tonnes of the Vannamei variety was exported. The shrimp exports increased by 13 per cent in quantity, 35 per cent in rupee value and 41 per cent in dollar value. The unit value realisation went up by 24 per cent. The provisional figures say frozen shrimp continued to be a major export item, accounting for 46 per cent of the dollar earnings. Its exports to the U.S. registered a tremendous growth of about 83 per cent in volume and 140 per cent in dollar terms. The exports to Japan showed an increase of 17 per cent in volume and 43 per cent in dollar value. Fish, the principal export item in quantity terms and the second largest in value terms, accounted for about 39 per cent in quantity and 20 per cent in dollar earnings, showing a growth of 12 per cent and 26 per cent, respectively, from those last year. The exports of frozen squid showed a growth of about 49 per cent in quantity and 74 per cent in dollar terms. The exports of frozen cuttlefish showed a decline of about 12 per cent in quantity, but showed an increase of 16 per cent in dollar realisation. The unit value realisation increased by 32 per cent. The exports of dried items showed a growth of 39 per cent in quantity, but declined 11 per cent in dollar terms. The exports of value-added products showed a growth of about 2 per cent in quantity and 12 per cent in dollar realisation. Major markets The European Union continued to be the largest market with a share of 26 per cent in dollar realisation. However, there was a marginal decline of 1 per cent in the quantity exported to these countries. The U.S. regained the second place with a share of 16 per cent, followed by South-east Asia also with a share of 16 per cent, China with a share of 15 per cent, Japan 14 per cent, West Asia 5 per cent and other countries 8 per cent. The exports to the U.S. registered a growth of 104 per cent in dollar realisation and 47 per cent in terms of quantity. The exports to Japan also registered a positive growth of 11 per cent in quantity and 36 per cent in dollar terms. The exports of all items to Japan, except those frozen, showed an increasing trend. The South-east Asian countries had registered a positive growth of 44 per cent in quantity and 38 per cent in dollar terms. The exports to China showed only an increase of 5 per cent in quantity and 9 per cent in dollar terms. The exports to West Asia showed an increase of 21 per cent in quantity and 21 per cent in dollar realisation |
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