The role of Indian aquaculture and fisheries is quite prominent in the food production sector. Maintaining both nutritional security and keeping up with the export and import of agricultural goods is not an easy job, indeed. Being associated with large ferns that cover a wide range from small lakes to seas, India has shown rapid development in the field of biodiversity in terms of fish production for the last 50 years.
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Benefits of Fish Farming In India-
- Setting up commercial fish farming brings many advantages along. Some of them are listed below:-
- Aqua Products has high demand in India. Fish is very commonly eaten across the country and is on the menu for more than 60% of the Indian population.
- The availability is also a convenience as it is a labor-friendly and affordable business. Fish farming is not confined to fishes only; it includes birds, crops, and vegetables.
- Market demand is always high, and the climate of India is also said to be very suitable for fish farming.
Statically Progress in the Aquaculture Business
- India contributes over 6.3% to the global fish production; it also shares 1.1% of the GDP and 5.15% of the agricultural GDP. The total fish production of 10.07 million metric tonnes currently has nearly 65% contribution from the inland sector.
- Global agriculture demand was nearly 70,000-kilo tons in 2013-14 and it is expected to be 80,000-kilo tonnes by 2020, growing at a CAGR of 2.0% from 2014 to 2020.
Some things you need to take care of when you start aquaculture business
Availability of Land
One or two acres would not be enough for full-time income operation. To generate good income, you must have at least 20 acres of land, if you plan to start up a huge business and want to earn big profits out of it. Each acre is capable of producing a $500 net income. Also, you would need to construct ponds, wells work, and storage buildings nearby. So, make sure you do not miss that.
Water
Of course, the foremost factor is water. Now, both the quality and quantity of water should be maintained. It is evident that different fishes survive in different waters. Pons water, salty water, underground water is somehow different when it comes to their survival. Also, the water must be free from toxic pollutants and chemicals, as it can damage the fishes and invite huge loss.
Market Demand and Management
To get success in this field, you have to be proactive in the market. It also includes careful handling, cleaning, processing, and packaging. The farmers need to develop niche markets where they can sell value products at a good price. Aquaculture involves the risk of crop depletion due to oxygen depletion, winter kill, parasitizes, diseases, predators, and flooding. A sound business strategy plan and proactive management will help avoid problems.
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Factors for Success
1. Aquaculture requires a lot of attention and hard work for committed success. There are sensitive species of fishes as well which need high care and sensitive treatment.
- This field of Business experience and good knowledge is required.
- In the beginning, start with a small scale to avoid the risk of loss.
The potential for aquaculture to expand in the north-central region is good. Potential farmers must learn about the industry and the technology needed to produce good products. And, the book from NPCS named Profitable agro-based projects with project profiles
Can be a helping hand for you, as it contains crisp information about the aqua business and how you can improve towards development with low risk of loss.
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