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MPEDA, NCDC join hands to boost marine exports

ExportsHaving recorded a powerful soar of 25% in FY18, marine exports began declining over the previous two years in each FY19 and FY20, earlier than the pandemic wrought havoc.

In a bid to enhance exports of marine merchandise, the state-run Marine Products Export Development Authority (MPEDA) has signed an MoU with the National Cooperative Development Corporation (NCDC). Under this association, MPEDA-related entities and NCDC will collectively formulate programmes to boost infrastructure created for main manufacturing and post-harvest administration of marine merchandise for exports.

MPEDA and its societies will share a listing of all clusters in numerous states with NCDC, which can assist them obtain scale and aggregation. It would additionally facilitate exports by the cooperatives assisted or recognized by NCDC. The MoU comes at a time when marine exports have come beneath stress within the aftermath of the Covid-19 outbreak. Marine exports dropped nearly 17% on yr between April and December to $4.5 billion, at a barely sooner tempo than the autumn in total merchandise exports within the wake of the pandemic, confirmed the commerce ministry knowledge.

Having recorded a powerful soar of 25% in FY18, marine exports began declining over the previous two years in each FY19 and FY20, earlier than the pandemic wrought havoc.

MPEDA chairman KS Srinivas mentioned: “We have identified ample scope for working jointly in the interest of export promotion of marine products for bringing better value to the stakeholders through a variety of activities, including export focus, in line with the policies of the government.”

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