India’s Shrimp Industry Shows Steady Growth

India’s export of shrimp was 382,959 tons in Calendar Year 2015, up 9.8 percent from the previous year
India’s cultured shrimp production in the year ending March 2015 was about 426,500 tons, up 30 percent from the previous year (Figure 1). From  2005  to 2015, shrimp production has grown at a compound annual growth rate of 13 percent.
Fig 1. Cultured Shrimp Production Rising

Fig 1. Cultured Shrimp Production Rising

The introduction of white leg shrimp (Litopenaeus Vannamei, or Vannamei) in 2009 spurred growth in shrimp production during the last few years and displaced sales of the other major shrimp species such as the tiger shrimp (Penaeus Monodon) which was found to be susceptible to disease. In FY 2015, the production of the white leg shrimp (Vannamei species) rose to  353,000 tons, which was 81 percent of the total shrimp production in India. This species is preferred since it has a fast growth rate, is disease resistant, needs lower feed requirements, and exhibits a higher survival rate.  In 2015, the area under shrimp production in brackish water aquaculture was 121,600 hectares, which was up from 102,500 hectares in 2010. Industry sources indicate that shrimp production accounts for 25 percent of the brackish water aquaculture.
Accounting for 65 percent of the total shrimp produced in India, the state of Andhra Pradesh is India’s largest cultured shrimp producer. This is followed by West Bengal, Tamil Nadu & Puducherry (earlier known as Pondicherry), Gujarat, and Odisha. Tiger shrimp (Penaeus Monodon) are farmed in the states of West Bengal, Odisha and Kerala, while the Vannamei species is preferred in the states of Andhra Pradesh, Gujarat, Tamil Nadu and Odisha.
Although most of India’s shrimp production is exported, its broodstock is imported. According to industry sources, India imports 98 percent of total broodstock specific-pathogen-free (SPF) Vannamei broodstock from U.S.A., and in Calendar Year 2015 import of broodstock from the U.S. reached $10.8 million  In addition to broodstock, Artemia Cysts, which are used as live feed during the larvae raising operations in shrimp hatcheries, are imported as well. In CY 2015, 97 percent of India’s Artemia Cysts worth $15.44 million were imported from the United States, says a GAIN report.

May 15, 2017   No Comments

Kia to Manufacture Cars in India

Kia Motors Corp., affiliate of South Korea’s Hyundai Motor Co., will invest $1.1 billion to build its first factory in the state of Andhra Pradesh in India. The plant will have a production capacity of 300,000 vehicles a year, and it will produce a compact sedan and a sport utility vehicle tailored for the Indian market. “Our new India plant will enable us to sell cars in the world’s fifth-largest market, while providing greater flexibility for our global business,” Kia Motors president Park Han-Woo said.

Kia Motors

Reuters reports that Kia will likely leverage Hyundai’s supply chain network built around its factories in the neighboring state of Tamil Nadu to gain a foothold in the Indian market, tipped to become the world’s third-largest by 2020. Hyundai is India’s No.2 automaker by sales.

May 5, 2017   No Comments

Israel Aerospace Industries Inks 3 Deals in India

Israel Aerospace Industries, (IAI) the nation’s largest aerospace and defense firm, signed three cooperation agreements with Indian companies at the Aero India exhibition held last month in Bangalore.

The agreement between IAI and India’s Bangalore-based Dynamatic Technologies Limited calls for the Israeli company to transfer technology and production capabilities to Dynamatic that will enable the production of local mini UAV systems for Indian end-users.

Israel-India flag

Separately, IAI said its Golan Industries Division, signed a memorandum of understanding with  Taneja Aerospace & Aviation Ltd., based in India’s southern state of Tamil Nadu, to cooperate in the development, production, marketing and sale of civil and military aircraft crashworthy-seats.

IAI also signed a memorandum of understanding to set up a joint venture with India’s Pune-based Kalyani Strategic Systems Ltd., the defense arm of Kalyani Group. As part of the accord, IAI and Kalyani will together aim to expand their activities in the Indian defense market and to build, market and manufacture air defense systems and ground-to-ground and ground-to-sea munitions, reports the Times of Israel.

March 25, 2017   No Comments

Peugeot Buys India’s Iconic “Ambassador” Car Brand

French automobile conglomerate PSA Peugeot Citroen (also known as the PSA Group), finalized a $12 million  deal to acquire Hindustan Motors from parent company the C.K. Birla Group.

Once known as the ‘King of Indian Roads’, the Ambassador car brand is the most iconic car of India. Modeled after the British car Morris Oxford III, this car was first manufactured in 1958, and in 2014 production was shut down.

Ambassador Car

The PSA Group, which owns the Peugeot, Citroen, and DS Automobile marques, established a partnership with the C.K. Birla Group in January 2017 to enter the Indian automobile market. The joint venture, with a reported initial investment of $112 million, will see the French company set up a factory in Tamil Nadu to manufacture around 1,00,000 vehicles each year, reports Your Story.

February 16, 2017   No Comments

India’s Coal-Fired Power Plant is Making Baking Soda

The coal-based Tuticorin Thermal Power Station owned by the government of the southern state of Tamil Nadu, is using a new proprietary solvent developed by the Mumbai-born Carbon Clean Solutions, which converts carbon dioxide from the flue gases to baking soda, a base chemical with a wide range of uses including glass manufacture, sweeteners, detergents and paper products. The company claims that its chemicals will lock up 60,000 tons of CO2 a year.

Tuticorin Power Plant

Tuticorin Power Plant

The Guardian reports that the inventors of the new process are two young chemists at the Indian Institute of Technology, Kharagpur. They failed to find Indian finance and were welcomed instead by the U.K. government, which offered grants and a special entrepreneur status in London.

Carbon Clean’s  headquarters are now based in London’s Paddington district. Its CEO, Aniruddha Sharma, said, “So far the ideas for carbon capture have mostly looked at big projects, and the risk is so high they are very expensive to finance. We want to set up small-scale plants that de-risk the technology by making it a completely normal commercial option.”

January 5, 2017   No Comments