Gujarat fishing export business hit by recession

Veraval (Gujarat), June 9 (ANI): The world wide recession has also taken a toll on the fishing industry of Veraval in Gujarat.

Veraval, which is considered to be the hub of fishing exports, is now going through its worst possible phase as fish traders report a dip of almost 30 percent in overseas demand.

Traders are despondent as its been six months since the business slow down began, and most of fishing stock which that was meant for export is now lying in cold storages.

"Normally, we used to get plenty orders but this time due to recession, countries like China which takes 60 per cent of our fish, and countries like Europe and America which take 40 per cent of our fish , have not purchased this much quantity this year. They used to do bumper purchases in the month of December, but it did not happen this year," said Chunibhai Gohel of Nihantre Exports.

Veraval in Gujarat is home to the large number of fish processing factories, which export prime quality seafood to USA, Japan, China, South East Asia, Gulf and European countries.

Fisheries are one of the main export oriented Industries in India, as it earns billions of dollars from world markets through its seafood exports. (ANI)