| ILDEX India 2009 |
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| India Forging Ahead With Blue Revolution… |
Aquaculture is one of the fastest growing food production sector with impressive average annual compound growth rate of 8%.
8% economic growth rate, billion-plus population and rising purchasing power and change in dietary habits for value added products have contributed immensely to the unparallel rise in demand for ready to eat and ready to cook aqua products.
India is a major maritime state and aquaculture country and world with a long coast line of 8129 kms and 1.2 million hectors of brackish water bodies, it offers vast potential for development of fisheries.
Growth of organized F&G retail has created the demand processed and packaged food. Marine Food Parks & Agricultural Special Economic Zones are already being worked out to ensure that farmers are not displaced.
Aquaculture needs strong infrastructure backing from supporting industries such as hatcheries, feed manufactures, pharmaceuticals, sea food processors, transporters, packaging industry and govt. organizations to develop and grow. ILDEX INDIA AQUACULTURE 2009 provides a common platform for all these.
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| Challenges & Issues |
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- Aquaculture provides livelihood to 14.5 million people and is a major foreign exchange earner.
- Seafood sector contributes to approx. 1.1% of India's GDP & 5.3% of agricultural GDP.
- Out of total production of 6.9 million tones is exported, the rest is consumed locally.
- India ranks second in inland fish production in Asia, which is estimated at about 3.7 million tons, growing at a CAGR of 5.2%, sharing 5% of global aquaculture production.
- Marine products in India stands at 3.2 millin tones. Marine fish production has grown at CAGR of 2.4% over the last 6 years.
- Fish production has increased at a higher rate compared to food grans, milk, eggs and many other items generally, but the consumption of fish eationg population (56% in India) still remains below 10 kg per capita per annum, much lower than other countries such as China (25.8 kg) and rest of Asia (14.3 kg).
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| Opportunities for Processing and Exports |
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About 80% of seafood is primarly consumed in ten coastal states without any avlue addition. With change in dietary habits, India is gearing up to produce and supply value-added products in convenience packs.
The share of marine products export has steadily grown over the years from mere Rs. 3.92 crore in 1961-1932 to Rs.8363.53 crores (Rs.83.63 billion) during year 2006-2007. The exports has grown at a CAGR of 7.3% in volume terms and 5% in value terms over the last four years. |
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