In an effort to address mounting food safety concerns regarding Indian shrimp exports to the European Union, the Seafood Trade Intelligence Portal (STIP) will host a dialogue between Indian and European stakeholders at the 2018 International Seafood Show 2018, taking place 28 and 29 January in Goa.
The E.U. is the third-largest importer of Indian marine products and accounts for USD 5.7 billion (EUR 4.7 billion), or 18 percent of India's seafood… Read More
With government focusing on undertaking a “blue revolution," India's fish production has increased by 19 percent over the last three years.
Radha Mohan Singh, the head of India’s Ministry of Agriculture, which is also responsible for the fisheries sector, said the government‘s focus on using new technology for increasing fish production has been responsible for achieving the double-digit growth.
Speaking at the Aqua Goa Mega… Read More
The government of India’s Maharashtra state has begun promoting a specialized form of crab farming that may help save mangroves in its coastal regions.
The government program, labeled the Mangrove Protection and Employment Generation Scheme, has chosen 50 villages for its initial program, which will run through 2017-18. By 2020, the scheme is expected to cover 75 villages, Mangesh Gawade, an official with the Marine Products Export… Read More
India's largest shipbuilding yard, Cochin Shipyard Limited, has developed a prototype for a deep-sea fishing vessel and has set a goal of beginning production in the next five to six months.
The project began after Indian Prime Minister Narendra Modi announced a ban on bottom-trawling in Palk Bay and asked fishermen there to consider a switch to deep-sea fishing as an alternative, according to the Hindu.
Initially, the shipyard will build 22… Read More
India’s Assam state, located in the country’s northeast, has increased its fish production by 54 percent in the past nine past years, the Indian Agriculture Ministry noted in a recent report.
However, the ministry said demand for seafood, at 336,000 metric tons, still outpaces the state’s fish annual fish production of 294,000 metric tons, and that the balance is met with fish imported from Andhra Pradesh, which is the largest… Read More
India’s shrimp exports may surpass USD 7 billion (EUR 5.8 billion) by 2022, doubling the country’s figure for 2016, according to a new report from Mumbai-based credit rating agency Crisil.
The report, published in the New Indian Express, said that the increase will be fueled by strong demand, particularly from global retail giants and restaurant chains.
The report also said Indian shrimp exports were rising in demand due to their… Read More
India’s government has been putting more focus lately on enhancing marine production and empowering fisherman, but a newly published report shows that the sector is drastically underinsured.
The government’s Central Marine Fisheries Research Institute (CMFRI)’s study noted that insurance coverage was poor across India’s marine fisheries and aquaculture industries, and pointed out that the sector’s insurance coverage… Read More
Andhra Pradesh-based frozen shrimp supplier Devi Seafoods is looking into going public in 2018, according to Indian media reports.
The company, which recorded approximately INR 10 billion (USD 157.7 million, EUR 131.2 million) in revenue in 2018, is in the process of hiring investment banks for a planned initial public offering (IPO), according to Indian business journal Livemint.
The company did not comment on the report, but sources told… Read More
In order to meet growing local demand for fish, India’s Bengal state is aiming to up its farmed fish production.
According to Bengal's Tribune news service, a government official said that the state has decided to initiate a fish cage culture system, or cage aquaculture, in order to catch up with local demand currently being met by importing fish from other states in India.
The state will be using brackish water bodies owned by the… Read More
The government of India’s Odisha state has launched a new scheme with the aim of increasing fish production.
Under the Fish Pond Yojana scheme, the state government will invest INR 960 million (USD 14.9 million, EUR 12.7 million), to add more than 2,200 hectares of additional aquaculture farming space in the state. Specifically, Odisha is looking at enhancing river-ranching opportunities and initiating regular stock enhancement programs to… Read More