High seas & higher tariffs: Seafood units, acqua farms struggle to stay afloat
The US tariffs on Indian seafood exports have caused chaos, with a 50% duty expected to eliminate ₹24,000 crore of trade. This has led to a backlog of orders, price drop, and uncertainty among buyers. The Indian government suggests exploring new markets, but this will take time. The industry is seeking immediate help, such as working capital support and a loan repayment moratorium.