Billion-dollar catch: India has the potential to create an IPL out of aquaculture

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Billion-dollar catch: India has the potential to create an IPL out of aquaculture - Economic Times

Quick Summary:

Corporate houses must revisit and rediscover the potential of aquaculture and lead the way.

Production enhancements happen through horizontal expansion in areas where suitably identified land is available.The area under P.monodon has declined to 27,616 per hectare (ha) in 2021-22 from 95,919 ha in 2009-10, while the area under P.vannamei increased to 815,745 ha in 2020-21 from 1,731 ha in 2009-10.

During the same period, the export of frozen shrimps, which are India’s flagship seafood product, alone increased by 65.57%—rising from $3.2 billion to $4.88 billion—while the exports of other seafood items together grew just 38%—from $1.8 billion in 2013-14 to $2.5 billion in 2023-24.