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Bringing the ocean to your plate India s thriving shrimp industry Book PDF Summary
Why include seafood industry stock in your portfolio? Including seafood industry stock in your portfolio can provide some benefits and help diversify your investment holdings. Here are a few reasons why you may want to consider investing in the seafood industry: Growing demand: The global demand for seafood is expected to grow as the world's population increases, especially in developing countries with changing dietary habits. Growth potential: The seafood industry is poised for growth, and companies that invest in research and development, new technology, and expanding their product offerings can benefit from this growth. Sustainable investments: Seafood can be a sustainable investment option as many industry companies focus on responsible fishing practices, and there is increasing demand for eco-friendly and sustainable seafood products. Price stability: Seafood prices can be relatively stable compared to other food products, providing investors with a relatively stable source of returns. When is the best time to put money into this industry? As the seafood industry shifts its focus further towards aquaculture and reduces reliance on capture fishing, the long-term prospects of Indian shrimp production continue to be positive. India has gained a leadership position in shrimp exports owing to its long coastline, adoption of best-farming practices, the availability of a skilled workforce, and government support. Ind-Ra believes the regulators' oversight adds credibility to Indian products and improves competitiveness in the export market. The Marine Products Export Development Authority has played an essential role in regulating shrimp production through measures such as proper maintenance of ponds, the density of cultivation, registration of hatcheries and shrimp ponds, procurement of seeds from notified hatcheries, and increasing the traceability of the Shrimp to pond and seed level. This has helped in establishing Indian shrimp producers' competitiveness in the international markets, as well as reducing the risk of a catastrophic viral attack. The country's long coastline and moderate climate are conducive for shrimp aquaculture across large geographic areas, reducing the risk of widespread disease outbreaks. How are seafood companies regulated? In India, the seafood industry is regulated by several government agencies, including the Ministry of Agriculture and Farmers' Welfare, the Ministry of Commerce and Industry, and the Ministry of Fisheries, Animal Husbandry and Dairying. These agencies are responsible for setting standards and regulations for the industry, including those related to food safety, fishing practices, and labelling requirements. Additionally, the Food Safety and Standards Authority of India (FSSAI) is the main regulatory body for the food industry in India, including seafood. The FSSAI sets standards for producing, processing, packaging, labelling, and distributing seafood products to ensure they are safe for consumption. There are also export regulations that seafood companies in India must comply with to export their products to other countries. These regulations are set by the Agricultural and Processed Food Products Export Development Authority (APEDA). They include requirements for product labelling, quality control, and documentation. What is the future of this industry? Industry's growth is being spurred by several Government schemes. The five-year 'Pradhan Mantri Matsya Sampada Yojana', launched by Prime Minister in 2020, seeks to enhance marine fisheries production to 20 million tons by 2024. The Government's reduction of import duty on some shrimp aquaculture input products to 10%(from the earlier 30%)also provided a welcome fillip by reducing the farmers' production costs, promoting imports and increasing shrimp production output. Al Zayd Corp www.alzaydcorp.com Islamic Finance Research www.ifr.world Self-Published Research Magazine Author: Zayd Iqbal Haji Copyright © 2020 Al Zayd Corp | Islamic Finance Research All Rights Reserved. Disclaimer: This investment research report is not an acquisition recommendation and is not misinterpreted for investment consultation as it is a piece of information about the above company. All design content is copyrighted, and references are from the company's annual and RBI reports. Note: Analysts certify that all views expressed in the magazine accurately reflect the theories from the company's annual reports. Moreover, not a part of the investment recommendation or will not be directly or indirectly related to specific recommendations or views expressed in this report.
Detail Book of Bringing the ocean to your plate India s thriving shrimp industry PDF
- Author : ISLAMIC FINANCE RESEARCH
- Release : 12 February 2023
- Publisher : ISLAMIC FINANCE RESEARCH
- ISBN : 978186723xxxx
- Genre : Business & Economics
- Total Page : 29 pages
- Language : English
- PDF File Size : 13,5 Mb
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