PTI New Delhi

The government on Monday asked seafood exporters to "bravely face" the current challenge of high US tariffs and explore alternative markets to ship shrimps and other fish varieties. Addressing a press conference, Union Minister for Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said alternative markets are available for India's seafood exports. "The EU, Japan, South Korea, UK, Russia, Australia, West Asia, South East Asia and many countries are available for export of Indian seafoods," he said.

"We have asked them (exporters) to face the current challenge bravely. There are alternative markets available... Where there is a will, there is a way," Singh added. The minister emphasised the need for improving value addition and packaging before reaching other markets.

Auto component makers have huge export opportunities

Indian auto component manufacturers have a significant opportunity to expand their exports, particularly in the independent aftermarket segment, according to a report by EY-Parthenon. The report highlighted that the global auto component market offers strong growth prospects for Indian suppliers, with countries like Brazil, Indonesia, Colombia, and various African regions showing significant potential.