Odisha Govt developing Seafood Park to boost exports from State

Posted by Daily Shipping Times on 01-09-2017        Tweet

BHUBANESWAR: The seafood export industry is poised to get a massive boost with the State run Odisha Industrial Infrastructure Development Corporation developing the seafood park at an expense of Rs 134 crore.

Meanwhile Odisha has received proposals worth Rs 466 crore for the setting up of processing units at Seafood Park at Deras near the State capital here.

The State Government has already allotted required land to 20 interested farms, official sources said adding that the State run Odisha Industrial Infrastructure Development Corporation is developing the Seafood Park at an expense of Rs 134 crore. On the basis of committed investments, the seafood park will process 90860 MTPA of sea food, they said.

Among the major companies which have already committed investments are Falcon Marine Exports Ltd, Magnum Seafoods Ltd, Utkal Exports and Vizag-based Coastal Corporation Ltd. Falcon Marine Exports will set up the largest sea food processing unit with a capacity of 37,000 MTPA of sea food.

Located at a distance of about 20 kms from the State capital of Bhubaneswar, the Seafood Park is well-connected to domestic, National and International markets.

According to the Fishery Survey in India, the fisheries potential of Odisha is 513,667 million tonnes per annum (MTPA). Odisha’s proximity to South-East Asian markets and increasing demand in Japan and Europe will further aid the development of sea food sector in the State, Chopra said.

With the increasing global demand for seafood, India has already become the 11th largest exporter of seafood in the world. The Odisha Government has set up a target of reaching Rs 20,000 crore seafood exports annually in the next five years from the present level of Rs 2,500 crore.