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Trawl fisheries sector account more than 50% of the marine fisheries production of India. Annual average fish landing from trawlers was 17, 21, 000 t (2008-2011), which formed around 51 % of the marine fish landing of the coast. In this about 51% of the catch was contributed by the west coast and remaining by the east coast of India. Recent studies of the trawl fishery in India have shown that incidental catches/low value bycatch (LVB) landing and utilization has increased over the period of time. The present study is based on the data collected from major trawl landing centres along the coast of India during the period 2008-2011.The estimated landing of low value bycatch (LVB) in trawl fisheries, increased from 14 % in 2008 to 25 % in 2011, which is reflected as reduction in discard volume by trawlers. On an average the highest quantity of LVB landed was in Veraval (50,000 t) and in Mangalore, LVB landing increased from 3% in (3000 t) in 2008 to 26 % (12,000 t) in 2011.In Mumbai, the percentage of trash fish landed remained around 5% during the study period. In Calicut, the LVB landed in 2011 contributed 26% to the total landings by the trawl. In Kochi, Kerala the total LVB landed in 2011 was 1,992 t forming 7.2 % of the total landing. In Chennai, Tamilnadu, the LVB landing which was 13 % in 2008 increased to 17% in 2011, while in Visakhapatanam, Andhra Pradesh, LVB landing showed a steady increase from 2% in 2008 to 21% in 2011. The landing centre price for LVB showed an increasing trend due to increased demand for trash fish for the production of fish meal and fertilizer. The dominance of finfishes in LVB found to increase the value of LVB and the value realized for 30,000 t of LVB in