November 6, 2020: India’s Federation of Chambers of Commerce and Industry (FICCI), Cochin Port Trust and the High Commission of India, on Wednesday, held a consultative Meeting to discuss the promotion of Maldivian seafood exports to India and opportunities to synergise the seafood industries of both countries.
Minister of Economic Development Fayyaz Ismail, Indian High Commissioner to Maldives Sunjay Sudhir and Chairperson of the Cochin Port Trust Dr Beena participated in the meeting along with seafood industry experts from India and Maldives.
The meeting was held following the inauguration of the Cargo Ferry Service between Tuticorin, Cochin, Male’ and Kulhudhuhfushi in September. The Indian High Commission stated that the cargo vessel, which has completed three round voyages, is currently viewed as a facilitator of increased trade and cross-border investments, particularly for the seafood industry.
Noting that the majority of Maldivian seafood exports focused on Thailand as well as markets in the US, Europe and Japan, the High Commission highlighted the considerable potential represented by the Indian market.
The Indian High Commission particularly stated that Cochin’s seafood could become a source of investment for Maldives as the locale has 120 seafood processing units while the Cochin Port is connected to European markets.
Source: The edition
