Is Shrimp Business In India Headed In The Right Direction

Global aquaculture experts see India as a land of promise as far as shrimp industry is concerned. The latest developments in this domain have opened doors for lucrative business opportunities that one might like to grab. Renowned industrial players such as Waterbase limited, a business line of KCT group are plunging into this domain with the expectations to get good returns.   

There are several states in India that offer a fertile ground for shrimp business such as Andhra Pradesh, West Bengal and especially the Indian west coast which has so much of untapped potential. Particularly the south Indian states of India which have the potential to give a tough fight to countries like Laos or Vietnam but a lot of infrastructure, man-power and finances are required for that.        

Since 2010, cultured shrimp exports in India have been growing at a rate of 30% per annum but that comes from only 9% of brackish water being utilized. Even the most intensive shrimp farms in India stock up to 50-75 shrimp per square meter which is half of the stock density in China or Thailand. Some of the Northern and Eastern states have stock density as low as 5 to 25 square meters. Though, right investment and training can bring about humongous changes in production of shrimp farming in India, which global experts are expecting to happen in the coming years. 

Besides infrastructural and investment issues, there are two other factors that majorly affect shrimp industry in India—the disease issue and potential downturn in price. Interestingly, industrial giants like KCT group are working extensively to overcome all these barriers in order to give a major boost to this sector. Both the issues are somewhere inter-related and can be dealt by incorporating more mature infrastructure and developing the density of shrimp farms in the country.     

Developing new regions and strengthening the existing ones is necessary if the government wants the shrimp business to flourish and compete with global players in the market. In order to accomplish this, support from the entire aquaculture in the country is required. There have always been some bottlenecks associated with the growth of this industry but development is very much possible. All that is required is creating some value locally and increasing competitiveness on global level.

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