Diving Deeper: Indian Seafood Tech Startup Makes Waves with $4 Million Funding

Chennai-based Aquaconnect, a full-stack aquaculture startup, has raised $4 million in a pre-series B funding round led by S2G Ventures. The startup aims to transform the Indian aquaculture landscape by linking fish farmers to supplies and markets. Aquaconnect will use the fresh funding to ramp up its operations, expand its

Kings Infra Dives into Ready-to-Eat Market with ₹40 Crore Boost from Punjab National Bank

Kings Infra, a leading name in seafood processing and export, has secured a ₹40 crore working capital loan from Punjab National Bank. This investment will fuel the company’s ambitious plans to launch ready-to-cook and ready-to-eat seafood products in the Indian market, tap into the rising demand for premium seafood, and

Indian Seafood Giant Captain Fresh Prepares to Reel in Europe and America: Salmon Processor and Shrimp Importer Acquisitions on the Hook

Forget whale watching, the Indian seafood industry is preparing to make some serious waves of its own. Venture capital-backed Captain Fresh, a rising star in the sector, is casting its net across two continents, with potential acquisitions of a European salmon processing plant and a US shrimp importer simmering. Europe’s

US Investigates Indian Shrimp Exports, Threatening Tariffs and Hurting Exporters

The United States is currently investigating claims that Indian shrimp exports are being subsidized by the Indian government. This has raised concerns among Indian shrimp exporters and fishermen, who fear that the US will impose tariffs on Indian shrimp, making it more expensive in the US market and hurting their

Rupee Hits Record Low, But Exporters Remain Unfazed

The Indian rupee has been on a downward spiral in recent months, hitting record lows against the US dollar. However, despite this seemingly favorable development for exporters, many in the industry are not celebrating. Why Aren’t Exporters Cheering? There are a number of reasons why exporters are not feeling the

Andhra Pradesh’s Seafood Export Barriers: A Cold Chain Conundrum

Andhra Pradesh, a coastal state in eastern India, stands as a beacon of aquaculture, boasting a thriving seafood industry that contributes significantly to the state’s economy. However, despite its abundant seafood resources and growing production capacity, Andhra Pradesh’s export aspirations are hindered by a critical bottleneck – the lack of

Can Shrimp Ride the Avocado Wave? Exploring the Potential of a Targeted Marketing Campaign

For decades, avocados have enjoyed a meteoric rise in popularity, transforming from a niche fruit to a ubiquitous symbol of healthy living and culinary delight. But can shrimp, a staple in many cultures and a valuable economic resource, replicate this success story? This question lies at the heart of a

Transforming India’s Seafood Industry: A Blueprint for Innovation and Growth

India’s seafood industry is poised for a revolution, driven by a strategic shift towards public-private partnerships in research, development, and technology transfer.** This progressive move, spearheaded by the Indian Council of Agricultural Research (ICAR), aims to diversify aquaculture technologies and meet evolving market demands. With the ambitious goal of exceeding

India’s Seafood Export Target for FY24: Unlikely to Be Met

India’s seafood export target for FY24 is unlikely to be met due to several factors, including tepid buying from key markets such as the US, China, Japan, and Europe. Additionally, there is weak demand for peeled frozen products in the US retail market. Exporters do not see any substantial improvement

India’s Fight for Fairness in Fisheries Subsidies

India is taking a strong stand in the World Trade Organization (WTO) negotiations on fisheries subsidies, advocating for a principle of “polluter pays” that would hold countries accountable for the environmental damage caused by their fishing fleets. This principle would require countries that engage in distant-water fishing to stop subsidizing

India’s Bold Ambition: Doubling Seafood Value Addition by 2030 to Triumph Over Global Rivals

“India’s Bold Ambition: Doubling Seafood Value Addition by 2030 to Triumph Over Global Rivals In a strategic move to counter growing competition from nations like Thailand, Vietnam, and China, the Marine Products Exports Development Authority of India (Mpeda) is gearing up to double the share of value-added seafood products over

Indian and Ecuadorian Shrimp Suppliers Face Mounting Pressure in Chinese Market

Indian and Ecuadorian shrimp suppliers are facing a confluence of challenges in the Chinese market, leading to financial losses and heightened uncertainty for their businesses. Already grappling with low shrimp prices and a demanding market environment, these exporters encountered further setbacks at the China Fisheries and Seafood Expo (CFSE) in

Navigating the Seafood Seascape: Technology’s Transformative Voyage in India’s Seafood Retail Industry

Technology has revolutionized the seafood retail industry in India, impacting how seafood is sourced, distributed, marketed, and consumed. Technological advancements have enhanced supply chain transparency, traceability, and efficiency through blockchain technology and IoT devices. E-commerce and online marketplaces have expanded consumer access to a wider variety of seafood products. Mobile

Riding the Waves: US Shrimp Imports Poised to Surge After Over a Year Underwater

American shrimp aficionados rejoice - there is light at the end of the tunnel after over a year of shrinking shrimp supplies. New data from the National Oceanic and Atmospheric Administration (NOAA) suggests shrimp import volumes into the United States have posted year-over-year increases for three months straight.