Budget 2023: Govt reduces customs duty on number of products for marine sector

The finance minister also announced launch of sub-scheme of PM Matsya Sampada Yojana with a targeted investment of Rs 6,000 crore to further enable activities of fishermen, fish vendors, and micro and small enterprises, improve value-chain efficiencies, and expand the market. Exports of marine products rose 30.26 per cent to USD 7.76 billion during 2021-22. Frozen shrimp remained the major export item in terms of quantity and value. The segment accounts for 75.11 per cent of the total dollar earnings.

Budget 2023: Govt reduces customs duty on number of products for marine sector
The finance minister also announced launch of sub-scheme of PM Matsya Sampada Yojana with a targeted investment of Rs 6,000 crore to further enable activities of fishermen, fish vendors, and micro and small enterprises, improve value-chain efficiencies, and expand the market. Exports of marine products rose 30.26 per cent to USD 7.76 billion during 2021-22. Frozen shrimp remained the major export item in terms of quantity and value. The segment accounts for 75.11 per cent of the total dollar earnings.