Impact of Natural Calamities in Japan on India

The recent Japanese natural calamities will have a short term bearing on the Indian economy, though in the long run the Far Eastern economies growing interest in the country would drive the wheel back. The impact would be by way of trade, investments and tourism and the sectors where it would be most pronounced include auto and IT.

Japanese Tsunami to take a toll on India's seafood exports India's two billion seafood export industry has taken a hit as a consequence of the Tsunami catastrophe in Japan largely because of disruption of trade from the sea route, the Far Eastern country being a major importer of the product.

The earthquake prior to the Tsunami and other events too will have a bearing on the India's exporting seafood units, industry sources say. Japan is a major buyer of seafood products such as shrimp, cuttle fish and squid, and the Indian frozen large de-veined black tiger shrimps are a delicacy in Japanese homes.

The heavily damaged Japanese North-Eastern city of Sendai was brimming with seafood factories and processing units directly connected to Indian exports, according to Mr Anwar Hashim, National President, Seafood Exporters Association of India (SEAI). Besides, Sendai, other cities too got affected.

"Although exports to Sendai have suffered, we hope that exports to Tokyo and Osaka would recuperate soon," Mr Hashim said.

Export Destination

After the United States, Japan is the most important export destination for India, accounting for 15.12 per cent of the total seafood exports in value. During the period from April-December of the current fiscal year, seafood exports to Japan were valued at Rs 1,358 crore.

Page 1234567

Our Achievements

• Winner of appreciation award for promoting SMEs in India.
• 1st ever Indian magazine to penetrate tier II, III cities & the rural belt.
• Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
• Official Magazine Partners for several national & international MSME events.

The Last Word

More Learned than Educated, You were!

I was speechless. Rather hesitatingly I asked him, “So, what have you decided, Sominder ?” His reply was curt and candid, “I have told the doctors that I don’t want to live life as dumb. Only...

Contribute

You can also write for SME WORLD

We are looking for writers and experts to contribute original stories and articles. Send an email to smeworld@gmail.com with your story idea and lets get talking.