Brief by Shorts91 Newsdesk / 05:11pm on 21 Oct 2025,Tuesday Business
Andhra Pradesh is seeking new markets for its shrimp exports after US tariffs made trade costly. The state’s IT and HRD Minister, N Lokesh Naidu, said Australia may ease restrictions on importing Indian prawns. He met with Seafood Industry Australia and discussed trade missions and partnerships to help local exporters. Andhra Pradesh supplies 80% of India’s shrimp and 34% of marine exports, supporting over 30 lakh people. US tariffs had canceled around half of the orders, costing the state nearly Rs 25,000 crore. The move to Australia aims to reduce dependence on a single market and boost exports. (PC: X)
