Indian players call for differentiated competition in the shrimp industry
By: Date: 2021-04-01 Categories: Internationalfood Tags: ,
  The Hindu Business Line reported that a group of professionals in the Indian aquaculture industry reminded that the current Indian shrimp exports are overly dependent on the US market, which is not conducive to the long-term development of the industry.
  In 2020, due to the impact of the new crown epidemic, Indian farmed shrimp production will decrease from 800,000 tons to 650,000 tons. Indian officials believe that considering the continuous expansion of shrimp farming area, total production is still expected to increase to 1.4 million tons in 2024 .
  The white paper”India’s Farmed Shrimp Sector in 2020″ issued by the Society of Aquaculture Professionals pointed out that at this stage, India’s shrimp export pattern is too single and lacks global marketing activities.
  The white paper suggests that the Indian shrimp industry needs to establish a national marketing project, and it is necessary for export companies to actively participate in global industry initiatives to boost sales in major shrimp consumer markets.
   In addition, the white paper also suggests that Indian companies should actively develop the local market, regain the European and Japanese markets, invest in”Made in India” brands, and form differentiated competition with other shrimp farming countries.