Seafood Park Launched in Odisha, India

The Industrial Infrastructure Development Corporation of the state of Odisha in India, set up a 152-acre “Seafood Park” where food processing companies can locate their factories. The $21 million park has been approved under the Mega Food parks project of the Federal ministry of food processing industries.

The project will have 41 processing units which will provide plug and play infrastructure and access to common facilities such as prepping and post-processing areas, ice plants, polythene and packaging units as well as a research and development facility. The Seafood Park can process 90,000 million tons of seafood per year.

fishing net

Falcon Marine Exports Ltd, Magnum Seafoods Ltd, Utkal Exports and Coastal Corporation Ltd. are some of the companies that have invested in operating units in the Park. The government of Odisha has set up a target of  $3 billion in seafood exports annually in the next five years — a substantial increase from the current $390.5 million.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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