The US is the largest market for shrimp products. But amid uncertainty of President Donald Trump’s fees and the uncertainty of offspring, India’s shrimp manufacturers are now preparing a strategy to see the growing domestic market. Experts believe that the shrimp market in India has a capacity yet. In such a situation, it can prove that this is beneficial to market products.
Products that are ready to eat
The Indian shrimp domestic market has received the support of the rising disposal income, the rising health awareness and the largest population. Although different efforts have been made earlier, no special campaign has been launched to find this market fully. The newspaper quoted Shaji Baby John, the leader of the Kings Infacted Red Cross, and said, “We are giving a new look to our business by providing 50 % of the domestic market -ready shrimp products.”
Standard C-feed market
In many statements, John said the process of processed fish and seafood in India would reach $ 21.04 billion. Of these, the domestic market sector is only three to five percent. Over the next five years, the market can increase CAGR to 8.5 percent.
At this time, John emphasized, requires cold chain facilities, connectivity facilities and a supply network in India so that the quality of the Che-food and its refreshment can be maintained. According to John, all financial assistance is provided by the federal government to strengthen the supply network in the domestic market. But most of these funds end without awareness.
DELIVERY TIME Network Requirements
According to IPR Mohan Raju, President of the Indian Franchise Farmers Federation, a sustainable domestic market requires a complete dedicated distribution chain network, which can change the current network to eliminate major challenges such as supply and prices. Raju said that the federation was proposed to build farmer organizations in this direction.
In addition, efforts such as cold chains, logistics networks and assessment and frozen shrimp shape should be made for retail markets. The central government should support this initiative, in which the state government has support. He believes that frozen shrimp has a lot of skills in the domestic market, while maintaining its hygiene and quality.
Request to reduce GST
Five percent of the frozen and stamped Che-feed products is highly expensive. Mohan Raju has appealed to the government to propose on behalf of the GST Council to have a GST GST for a period of time. This will help increase the domestic market and the products. According to Urban Balreo Rao, the chief of the Aquacket Global, about 40 percent of the Indian prawns is currently exported to the United States. Because of this, it can be very affecting the fee. At the same time, he does not deny that he will also have the opportunity to bring a big role in the domestic market.
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