Sectors - Marine

Marine India is the second largest producer of fish in the world with a contribution to around 4.4% of global fish production. Fishing is a major industry in India employing around 19 million people, engaged fully or partly in fishing, fish processing, fish marketing and in fishery related subsidiary activities. India produced in total 9.58 million tonnes of fish during 2014, with a value of USD 16.6 billion. Some of the fast facts of the industry are as below:

  • India is the 2nd largest fish producer in the world.
  • 2nd largest exporter of shrimps to Europe.
  • 3rd largest exporter of shrimps to Japan and largest exporter of shrimps to US.

Existing Per Capita availability of Fish in India is 6.5 kg and is expected to reach 9.0 Kg by 2030. India’s seafood industry has become one of the leading suppliers of quality seafood to all the major markets of the world. It has seafood processing plants that follow quality control regimes complaint to stringent international regulatory requirements.

Marine fish is processed primarily for exports. India has an installed processing capacity of 18,520 M.T with 447 processing plants, out of which 60% are EU approved plants which has put in HACCP and Quality control system.

T&A has a successful track record of working with overseas companies in the Marine Sector. Previous engagements include:
  • India entry strategy and partner search for a European company who offer full turnkey package for ship owners including Project Management, Specialist Joinery, Marine refurbishment and Public Area Fit Out. The company was also evaluating India as location for accessing manpower to service its client base across major ports
  • Partner search for a leading European manufacturer of high quality Universal freshwater electric pressure pumps which is used in Leisure Marine; Recreational Vehicle and Caravan; and Industrial applications