Frozen Foods:
Sector Highlights :
- Government is promoting semi-intensive shrimp farming.
- Fish and prawn exports grew at an average 20% in the past decade.
- Shrimp processing and export industry is largely dominated by the smaller unorganized sector.
Industry Outlook
The frozen foods export is the second largest export sector of the country. The average annual growth rate is about 28%. This export-oriented industry includes the following sub-sectors which need proper attention for augmentation of production and export earnings.
- Hatcheries
- Sustainable aqua-culture technology
- Feed meals plants
- Processing unit for value-added products.
Investment in frozen food sector with new technology and equipment has a vast potential for growth. |