Opportunities for Business in Indian Aquaculture Industry

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Aquaculture is one of the fastest-growing industries. India offers great fishing chances in both marine and interior waters, with its huge coastline zone. The country's 2.36 million hectares of swamps and tanks, a coastline of 7,500 km, and a brackish water surface of 1,1 million have been placed second in the global aquaculture market, providing a fish farming area. In India, fishing is a livelihood for over 28 million people in the country.

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The Report of the Organization for Food and Agriculture (FAO) 2020 stated that Asia is 89% of the worldwide fishery production in the last 20 years.

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Due to marine fishing and inland fisheries, world fish production reached the highest level and reached 96,4 million tonnes in 2018. The top seven main producers, which account for approximately 50% of global capture production, were China, Indonesia, Peru, India, Russia, the US, and Vietnam.

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India represents 7.58% of world production. In 2019-2020, the country's fish production reached a total of 14,16 million metric tonnes. The sector of fisheries provides 1.24 percent to the GVA and 7.28 percent to the GVA.

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Blue Revolution

A seventh five-year strategy to promote the fisheries of the Blue Revolution (between 1985 and 1990) was initiated, to reach the fishing community. The Fisheries, Animal Husbandry, and Dairy Ministry manage the Blue Revolution aims by focusing on how aquaculture and fish yield from both inland and naval sources may be enhanced. The Ministry also promotes the use of work possibilities in economically reversible sectors such as scheduled castes, planned tribes, and women.

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Government Initiatives

1. Pradhan Mantri Matsya Sampada yojana

This scheme is aimed to fully tap the potential of India’s aqua sector. Flagged in May in 2020, the initiative started with an investment of Rs. 20, 050 crores for 5 years from 2020-2021 to 2024-2025. This is estimated out to be the highest investment made to date in the fishery sector. It aims to increase fish production, double-up the export earnings, smoothen the value chain, generate employment and boost domestic fish consumption and attract investments in the fisheries sector.

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The PMMSY system established a fishery vessel insurance cover, which was a first-class move within the sector. By January 2021, proposals worth Rs. 6,567.20 (USD 907.91 million) crore (USD 319.23 million) were received, projects worth Rs. 2309.08 crore (USD 319.23 million) were authorized.

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2. Fisheries and Aquaculture Infrastructure Development Fund (FIDF)

This scheme aims for the following benefits in the sector-

· Enhance fishing infrastructure by establishing fishing harbors, fishing landing centers, fish seed farms, fish feed plants, etc.

· Sustainable growth in fish production of 8-9 percent and up to 20 million metric tonnes by 2022-23.

· Creating a total of 9.40 lakh jobs.

· Attract private sector investment.

· Adopt modern fishing and aftermarket technology.

· Strengthening of infrastructure in the cold chain, including ice plants, cold storage, fish transportation, fish processing units, and fish market.

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Opportunities and Road Ahead

Advances have already begun to approach new horizons in the aquaculture business. The government aims to convert India into a hot place for production using proper legislation, marketing, and infrastructure support.

The industry is transformed by creative solutions from the government to boost the industry. This offers investors a tremendous chance to participate in an industry that has enormous growth potential. Given the advances in technology over the years and several governments plans to develop aquaculture, and make this industry popular with even more pro-fitness than agriculture.

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In the previous two decades, Indian aquaculture has risen six times. While India is a strong player in the global aquaculture race, several infrastructure and technological difficulties have yet to be addressed to measure the supply. The extensive coastline of India can reinforce the economy to achieve the Blue Revolution goals.

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Properties
BIS (Bureau of Indian Standards) Provision & Specification
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Present Market Demand and Supply
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Project at a Glance

Assumptions for Profitability workings	Plant Economics
Production Schedule
Land & Building Factory Land & Building Site Development Expenses
Plant & Machinery Indigenous Machineries Other Machineries (Miscellaneous, Laboratory etc.)
Other Fixed Assets Furniture & Fixtures Pre-operative and Preliminary Expenses Technical Knowhow Provision of Contingencies
Working Capital Requirement Per Month Raw Material Packing Material Lab & ETP Chemical Cost Consumable Store
Overheads Required Per Month And Per Annum Utilities & Overheads (Power, Water and Fuel Expenses etc.) Royalty and Other Charges Selling and Distribution Expenses
Salary and Wages	Turnover Per Annum
Share Capital Equity Capital Preference Share Capital
Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals Revenue/Income/Realisation Expenses/Cost of Products/Services/Items Gross Profit Financial Charges Total Cost of Sales Net Profit After Taxes Net Cash Accruals
Annexure 3 :: Assessment of Working Capital requirements Current Assets Gross Working. Capital Current Liabilities Net Working Capital Working Note for Calculation of Work-in-process
Annexure 4 :: Sources and Disposition of Funds
Annexure 5 :: Projected Balance Sheets ROI (Average of Fixed Assets) RONW (Average of Share Capital) ROI (Average of Total Assets)
Annexure 6 :: Profitability ratios D.S.C.R Earnings Per Share (EPS) Debt Equity Ratio
Annexure 7 :: Break-Even Analysis Variable Cost & Expenses Semi-Var./Semi-Fixed Exp. Profit Volume Ratio (PVR) Fixed Expenses / Cost B.E.P
Annexure 8 to 11:: Sensitivity Analysis-Price/Volume Resultant N.P.B.T Resultant D.S.C.R Resultant PV Ratio Resultant DER Resultant ROI Resultant BEP
Annexure 12 :: Shareholding Pattern and Stake Status Equity Capital Preference Share Capital
Annexure 13 :: Quantitative Details-Output/Sales/Stocks Determined Capacity P.A of Products/Services Achievable Efficiency/Yield % of Products/Services/Items Net Usable Load/Capacity of Products/Services/Items Expected Sales/ Revenue/ Income of Products/ Services/ Items
Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,	Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit	Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses	Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges	Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses	Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses	Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
Annexure 34 :: Tax on Profits	Annexure 35 ::Projected Pay-Back Period And IRR