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A brief overview of the Indian marine industry

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business...
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Bangalore

About the document

Shaharu B.
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documents in English
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term papers
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4 pages
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  1. Introduction
  2. The Marine Product Export Development Authority (MPEDA)
    1. Objectives of MPEDA
    2. Work Program of MPEDA
  3. Functions of a fish exporting company
    1. Procurement, Pre-processing and Processing
  4. Export and Import Policy (EXIM Policy) 2002-2007
    1. The objectives and highlights of the EXIM policy 2002-07

Among India's total marine product exports constitute a segment, which has been growing rapidly. Marine products export is contributing a significant share in increasing India's foreign exchange resources. Till the end of 1960, export of Indian marine products mainly consisted of dried items like dried fish, dried shrimp, shark fins, fish mauls etc. although frozen items are present in the export basket from 1953 in negligible quantities, it was only from 1961 that the export of dried marine products was over taken by export of processed items, making steady progress. With the devaluation of Indian currency in 1966 the frozen and canned items registered a significant rise. These items dominated the trade markets for Indian products and were also spread to developed countries from the traditional buyers in neighboring countries.

[...] With a combined capacity to handle more tons per day the company efficiently process a wide range of products in block as well as IQF form. The processing plants have been uniquely designed with separate processing lines, each line specifically catering to shrimp, cephalopods and fish and fish products respectively, thus avoiding any cross contamination. Functions of a fish exporting company 1. Procurement Catching of the fish from the sea for pre-processing 2. Pre-processing Processing of the fish before the actual processing takes place Processing Processing of the pre-processed fish with conservatives for the tasting of the fishes. [...]


[...] The price of the exporting goods depends on the present market condition and international economic situation. The price rate is become top in the season period. So the company push up the shipments in the season period to earn more profit. The company takes financial assistance from various institutions. Short term and medium loans are acquired for this purpose. The ECGC and commercial banks are the important financial sources of the Company. Pre and after export financial Services are provided by the ECGC. [...]

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