🇮🇳India

खाद्य सुरक्षा और पता लगाने की क्षमता के लिए बाजार प्रवेश अस्वीकार (Food Safety and Traceability Market Access Denial)

2 verified sources

Definition

Indian dry fish and seafood SMEs rely primarily on paper documentation at distributor and wholesaler levels, failing to meet international traceability requirements. This directly blocks access to regulated markets like USA (which imposed 50%+ tariffs partly due to compliance failures) and EU. The government framework (released Nov 2024) explicitly identifies 'lack of unified digital traceability' as the barrier preventing market access.

Key Findings

  • Financial Impact: ₹62,408 crore annual seafood export revenue at risk; 15-18% shrimp export volume loss (est. ₹9,361-11,233 crore) due to US tariffs and compliance failures; potential loss of 25-40% premium pricing in EU/UK markets (est. ₹15,000-25,000 crore annually if full market denial occurs).
  • Frequency: Ongoing; worsens quarterly with each new trade barrier.
  • Root Cause: Manual paper-based lot documentation cannot generate audit trails, traceability proofs, or compliance certificates required by USA, EU, and other regulated markets. SMEs lack financial capacity and coordination to implement digital systems.

Why This Matters

The Pitch: Indian seafood manufacturers lose access to high-value export markets (USA, EU, UK) due to inadequate recall documentation. Automation of lot traceability and digital record-keeping enables compliance, unlocking ₹1+ lakh crore export target by 2030 and preventing market rejection penalties.

Affected Stakeholders

Seafood exporters, Dry fish processors, SME farm operators, Shrimp hatcheries

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Financial Impact

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

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