India urges more financial backing for seafood exporters

The Union Minister for Commerce and Industries Anand Sharma today urged the financial institutions and banks to help the seafood exporters, by increasing the lending to growers and exporters in acquiring vessels and to set up infrastructures.

He said, this would help the industry to double its exports to USD 10 billion (EUR 7.3 billion) by 2020.

In his inaugural address at the 19th edition of India International Seafood Show 2014, started today at Chennai, the Union Minister said that financial institutions and banks should support the industry and fishermen for setting up cold chains and acquisition of fishing vessels.

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