Aquaculture in India is a very important economic activity and booming sector with a wide range of emerging potential. An unparalleled average annual growth rate of over 4. India ranks second in the world in total fish production with an annual fish production of about 9. Appropriate technologies, financial investments, and entrepreneurial enthusiasm primarily account for this situation Indian aquaculture industry contributes to food and nutritional security and employment, supports livelihoods, and raises the socioeconomic status of poor fishing communities.
Jump to Main Content. Federal government websites always use a. Overview of the industry including statistics, market research, planning and permits, and facilities and equipment. Access full-text publications on information about the realities and potential when getting started in aquaculture and small scale, on-farm fish processing.
AquaSol, Inc. For proposed new aquaculture ventures, we only provide this service after feasibility has been clearly demonstrated during the first round of our involvement. We do, however, provide this service to existing aquaculture enterprises. Business plans are a key tool for existing aquaculture companies that need to prepare the business for outright sale, a new venture, or to obtain financing.
This article will provide a brief introduction to business planning for marine aquaculture. Business planning for a marine aquaculture venture is no different than planning for starting any other type of business entity. One must consider investment costs, operating costs, permitting and regulatory issues, marketing your product and generating a positive cash flow. The first step in the process is determining the profit you would like to make from your venture.