Synopsis: The government’s proposed PLI scheme for seafood MSMEs aims to boost exports, expand the exporter base, and promote value-added products, benefiting companies like Avanti Feeds, Apex Frozen Foods, and other seafood-related stocks.
The government is exploring a Production-Linked Incentive (PLI) scheme for MSMEs in the seafood sector aimed at boosting exports and strengthening India’s position in global marine trade. The initiative focuses on improving competitiveness through better infrastructure, technology adoption, and value addition across the fisheries value chain.
The companies are expected to benefit from the proposed policy push as it is likely to drive higher aquaculture activity, increased demand for feed and raw materials, and stronger processing and export volumes. Shrimp processors may gain from rising global demand and a shift toward value-added products that improve margins, while technology and aquaculture-focused firms could benefit from modernization, better farming practices, and improved infrastructure.
PLI Scheme Being Considered for Seafood MSMEs to Boost Exports
The government is actively exploring the introduction of a Production-Linked Incentive (PLI) scheme specifically for MSMEs in the seafood sector. The aim is to strengthen India’s export ecosystem by improving global competitiveness and encouraging smaller exporters to scale up their operations.
The proposal is expected to provide targeted support for infrastructure development, modern processing facilities, technology adoption, and research and development in the fisheries value chain.
Objectives
A key focus of the proposed scheme is to significantly increase the number of seafood exporters in the country from around 1,200 at present to nearly 5,000 in the coming years.
The initiative also seeks to boost the share of value-added seafood products in India’s overall export basket. By encouraging processing, packaging, and product diversification, the government aims to move away from raw exports and build higher-margin export categories.
Coordinated Strategy
The proposal was discussed during a meeting between the Commerce and Industry Minister and the Minister of Fisheries, Animal Husbandry and Dairying. The discussions centered around building a coordinated national roadmap to accelerate seafood export growth. The strategy includes improving logistics and cold chain infrastructure, enhancing market access, promoting deep-sea fishing, and increasing stakeholder participation across the fisheries sector.
The roadmap also highlights the importance of meeting international quality and safety standards. Special attention is being given to strengthening sanitary and phytosanitary (SPS) compliance, improving traceability systems, and developing disease-free aquaculture zones. The government is also considering initiatives like GI tagging for select seafood products to improve branding and global recognition while ensuring higher acceptance in international markets.
Strong Export Performance and Future Growth Plans
India’s seafood exports have already achieved a record milestone, reaching Rs. 72,325.82 crore (USD 8.28 billion) in 2025–26. This marks an all-time high for the sector and reflects growing global demand for Indian marine products. With the proposed PLI scheme and supporting reforms, the government aims to further accelerate export growth, enhance value addition, and position India as a leading player in the global seafood market.
Stocks that could benefit
Avanti Feeds Ltd
Avanti Feeds Ltd is likely to benefit from the proposed PLI scheme as higher incentives and policy support can lead to a sharp rise in aquaculture activity. With the government aiming to expand seafood exporters significantly, shrimp farming is expected to increase, directly boosting demand for shrimp feed. This could result in higher volumes for the company along with potential margin improvement due to stronger industry-wide production growth. With a market capitalisation of Rs. 17,848 cr, the shares of Avanti Feeds Ltd closed at Rs. 1310 per share, up from its previous close of Rs. 1,298.60 per share.
Mukka Proteins Ltd
Mukka Proteins Ltd stands to gain from the expected expansion in seafood and aquaculture production driven by the PLI initiative. As more farmers and exporters scale up operations, demand for fish meal, fish oil, and other protein-based raw materials is likely to rise. This increased consumption of key inputs could support stronger sales growth and improved capacity utilization for the company. With a market capitalisation of Rs. 671 cr, the shares of Mukka Proteins Ltd closed at Rs. 22.37 per share, down from its previous close of Rs. 22.77 per share.
Apex Frozen Foods Ltd
Apex Frozen Foods Ltd may benefit from the government’s push to expand the exporter base and promote value-added seafood products. With global demand rising and India focusing on processed and high-margin exports, the company could see improved export volumes and better realizations. Additionally, policy support aimed at easing infrastructure and compliance challenges may help enhance operational efficiency.With a market capitalisation of Rs. 1,406 cr, the shares of Apex Frozen Foods Ltd closed at Rs. 449.95 per share, up from its previous close of Rs. 448.70 per share.
Coastal Corporation Ltd
Coastal Corporation Ltd is positioned to gain from the expected growth in seafood exports and the shift toward value-added products. The company could benefit from higher global demand, particularly from markets such as the EU and China, along with government efforts to improve export infrastructure. This environment may support stronger revenue growth and better margin prospects over time. With a market capitalisation of Rs. 389 cr, the shares of Coastal Corporation Ltd closed at Rs. 58.18 per share, up from its previous close of Rs. 57.94 per share.
Kings Infra Ventures Ltd
Kings Infra Ventures Ltd may benefit in the long term from the government’s focus on modernizing aquaculture through technology adoption and R&D. Initiatives such as disease-free zones, improved farming practices, and sustainable aquaculture systems could create opportunities for the company. As the sector becomes more structured and tech-driven, Kings Infra could see increased demand for its aquaculture solutions and infrastructure services. With a market capitalisation of Rs. 288 cr, the shares of Kings Infra Ventures Ltd closed at Rs. 117.75 per share, up from its previous close of Rs. 115 per share.
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