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Apr 5, 2006 (newstodate): The Indian government has decided to reduce taxes on import of salmon from currently 30 to 10 percent.
This may enhance prospects for export of Norwegian salmon to India.
-Due to the high import tax on salmon imports to India, volumes have so far been limited and consist almost entirely of frozen salmon, taken by sea, says Ahild Nakken, Norwegian Seafood Export Council.
-The lowering of the tax rates may induce better prospects for export of fresh salmon as well, but the limiting factor remains the Indian infrastructure marked by insufficient cool chain facilities, crucial to handling of fresh salmon, she says.
Long-term prospects seem promising, though, with the continued expansion of a large Indian middle class with high consumption power.
This may enhance prospects for export of Norwegian salmon to India.
-Due to the high import tax on salmon imports to India, volumes have so far been limited and consist almost entirely of frozen salmon, taken by sea, says Ahild Nakken, Norwegian Seafood Export Council.
-The lowering of the tax rates may induce better prospects for export of fresh salmon as well, but the limiting factor remains the Indian infrastructure marked by insufficient cool chain facilities, crucial to handling of fresh salmon, she says.
Long-term prospects seem promising, though, with the continued expansion of a large Indian middle class with high consumption power.