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The marine products export substantially increased from 2,96,277 tons of worth Indian Rs. 3,501 crores in the year 1995-96 to 13,77,244 ton of Rs. 45,107 crores in the year 2017-18. Cephalopods were used to be treated often as part of discardable by-catch in India, but now they have an upgraded because of their export. The squid is an economically important cephalopod in India contributes nearly 7.3% share of total Indian marine products export. The Indian squid (Uroteuthis duvauceli) is the dominant species, contributes about 97% catch all over the country, where as other species represents are Sepioteuthis lessoniana and Doryteuthis sp. Among total squid landings almost 90% comes from the west coast of India. The annual landing of squid was 1,14,886 tons in 2016 and it was raised to 1,31,774 tons in proceeding year i.e. 2017. During year 1995-96 the export of frozen squid recorded 45,025 tons of Rs. 320 Cr whereas in the year 2017-18, it was increased to 1,00,845 tons of Rs. 2452 Cr. The squid has many advantages over fish, such as white flesh, high yield and very low fat content. The shelf life is a major problem of the captured squids; hence mostly they are used for fresh consumption by local population. However to maintain its quality and nutritional value several techniques of fish preservation need to be developed. [ABSTRACT FROM AUTHOR]