"Aquaculture, not the Internet, represents the most promising investment opportunity of the 21st Century."
- Peter Drucker, Management Expert & Economist
2015-03-01
Vietnam Firm to set up Aqua Feed Plant in Andhra Pradesh
Vietnam based feed manufacturer will be setting up a 100,000 tonne capacity aqua feed plant in Andhra Pradesh.
"The
company is scheduled to start the work on the plant from October 2015
and is expected to take one year for completion," said a spokeperson at
the Aqua Aquaria 2015 international aquaculture expo in Vijayawada on
February 21, 2015.
"The company will be investing $25 million to
$28 million (Rs 160 crore to Rs 180 crore) on the plant. The plant will
be set up in two phases, the first phase will have 50,000 tonnes
capacity of fish feed annually and the balance 50,000 tonnes will be of
shrimps feeds," the source adds.
The source said: "We are already
in talk with many for purchasing 10 acres to 15 acres of land
strategically located between in Nellore district of Andhra Pradesh and
close to Tamil Nadu state."
The company is also planning to import plant equipment and expertise for setting up the plant from Vietnam.
However, if we get orders from others countries, we are open for exports too, the source stressed.
Speaking
on the aqua sector industry, he said the sector is growing at the rate
of 25 per cent per annum and we see good scope for our company in India.
Asking
on which part of the country they are targeting for selling their
feeds, the source said that 80 per cent of our production capacity will
be consumed by Andhra Pradesh and balance will sold in West Bengal,
Odisha and Gujarat states where demand for aquaculture feeds have
increased.
Reproduced with permission, copyright The FishSite
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