Apex Frozen Foods is setting up a 20,000 tons per annum shrimp processing unit at East Godavari District in Andhra Pradesh with an investment of Rs. 900 million. It may be noted
India is the second largest fishery industry in the world after China, contributing to 5.43% of global fish production. India is also a major aquaculture industry . Fisheries being one of the promising sectors of agriculture and allied activities in India, a growth target rate of 6 per cent was fixed by the Union Government.
The 'fisheries and aquaculture sector' is recognized as the sunshine sector in Indian agriculture. It drives growth in a number of subsidiary sector and is the source of livelihood for a large section of economically backward population, especially fishermen, of the country. It helps in increasing food supply, generating adequate employment opportunities and raising nutritional level. It has a huge export potential and is a big source of foreign exchange
Central Institute of Brackishwater Aquaculture has signed up with The Waterbase company for development of quality shrimp feeds. As a part of the agreement, CIBA will assist in eco friendly shrimp feed development for Vanamai Ecoplus feed. It will involve exchange of information on feed formulations on micro and macro nutritional parameters.