New Delhi, Sept. 9 -- In a significant development for India's seafood industry, the European Union has approved 102 additional marine establishments for exports, providing an immediate 20 per cent boost to India's seafood exports to the bloc, government officials said.

The approval comes at a crucial time as India's seafood exports to the EU stood at USD 1.1 billion in FY24, making it a vital market for the domestic fishing industry. With this, a total of 604 indian establishments are now listed with the EU.

The breakthrough announcement comes as India and the EU are engaged in the 13th round of Free Trade Agreement (FTA) negotiations, signalling growing confidence between the two trading partners.

A Commerce Ministry official told AN...