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Latest Agricultural News, Crop Prices, Farming, Agri Business News | The HinduBusinessLine

Basmati exporters urge govt to suspend ₹83/tonne levy amid delayed payment, shrinking margin India could limit sulphur exports as supplies tighten, sources say China resumes buying broken rice from India Hot, dry conditions may prevail over most of North-West, Central India for another week IMD issues intense heatwave warning for several parts of Maharashtra Kerala fisheries sector hit by fuel shortage & rising kerosene prices ITC makes history with India’s first FSA 3.0 certification for wheat, paddy NSRCEL, Pernod Ricard India Foundation conclude 3rd cohort of Circular Economy Incubation Programme India’s sugar output up 8% at 27.39 mt as of April 15 NAAS suggests govt to consider one-time licensing for imported horticulture hybrids Polavaram project: Construction of ECRF dam to be be completed by March 2028 Climate-hit Kashmir saffron farmers battle rising porcupine menace India targets cocoa self-sufficiency by 2040 with national mission and reforms Avi Polymers launches KrishiBuddy AI platform to transform smart farming in India India gets imported Urea offer at $935, $959 per tonne Indian agriculture sector under threat by below-Normal Monsoon, El Nino, and West Asia war: ICRA Hindustan Zinc’s DAICHI launches products on retail and quick commerce platforms Oppressive heat conditions to spread out over Central and East India from today Global fertilizer supply crunch tightens farm economics India's green fuel plans collide with farmers' water fears Madhya Pradesh CM says basmati rice from the State is exported to 47 nations NAAS calls for developing smart alternate fertilisers to achieve self sufficiency TRI launches agri-voltaic project to help farmers earn double income Temperatures may trend up over North-West, Central India until weekend Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply India’s soyabean imports surge to 3.09 lakh tonnes during Oct-Mar 2025-26 oil year IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari ‘UP banned only forced sale of non-subsidised fertilizers to farmers’ How kashmir’s breakthrough is making Gucchi mushroom farming possible
Centre explores PLI scheme for seafood MSMEs to boost exp...
2026-05-14 · via Latest Agricultural News, Crop Prices, Farming, Agri Business News | The HinduBusinessLine
The initiative was discussed in a meeting between Commerce Minister Piyush Goyal and Fisheries Minister Rajiv Ranjan Singh, alongside broader plans to scale India’s record seafood exports.

The initiative was discussed in a meeting between Commerce Minister Piyush Goyal and Fisheries Minister Rajiv Ranjan Singh, alongside broader plans to scale India’s record seafood exports.

The Fisheries Department will explore the possibility of formulating a production-linked incentive (PLI) scheme for MSMEs in the seafood sector, an official statement said on Thursday.

The proposal is aimed at improving international competitiveness, strengthening export-oriented infrastructure, encouraging technology adoption, supporting research and development and promoting value addition, the statement said.

“The Department of Fisheries will explore developing a dedicated PLI scheme for MSMEs in the seafood sector,” the commerce ministry said.

It said that the proposed framework aims to substantially increase the share of value-added seafood products in India’s total seafood exports and expand the number of exporters from around 1,200 presently to 5,000 in the coming years.

The government has already implemented the PLI scheme for 14 sectors, with an outlay of ₹1.97 lakh crore, including white goods, electronics and pharmaceuticals, to boost domestic manufacturing and exports.

Ministries chart roadmap for seafood export growth

Issues related to the fisheries sector were discussed during a meeting between Commerce and Industry Minister Piyush Goyal and Minister of Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh.

They deliberated on a roadmap for accelerating the growth of India’s seafood sector and strengthening the country’s global export competitiveness.

It was agreed to work towards enhancing the growth of seafood exports through a coordinated strategy focused on value addition, infrastructure development, product diversification, quality assurance, market expansion, deep-sea fishing and greater stakeholder participation.

As part of this initiative, a two-day ‘Chintan Shivir’ will be jointly organised by the ministries on 5-6 June 2026 at Visakhapatnam.

Focus on quality, traceability and export milestones

The meeting highlighted the need for an integrated approach towards addressing Sanitary and Phytosanitary (SPS) issues in aquaculture and capture fisheries.

“Efforts will be undertaken to strengthen traceability, quality assurance systems, disease-free zones and compliance with international food safety standards from the primary production stage onwards. Possibilities for GI tagging of seafood species and products will also be explored,” the ministry said.

India’s marine products exports have attained an unprecedented milestone, with seafood exports touching an all-time high of ₹72,325.82 crore (USD 8.28 billion) in 2025-26.

Published on May 14, 2026