India’s aquaculture industry grew six-fold over the last two decades, but the sector is marked by several challenges, including a complex supply chain for exports, ill-fated policies, unregulated growth and market instabilities.
To address these challenges, Rajamanohar Somasundaram, co-founder of Aquaconnect spoke to CNBC-TV18.
Somasundaram said, “It was a tough year for the sector, COVID-19 has affected the fishery sector too. We felt the tremor across the value chain from production, processing to exporting. While many of the challenges were eventually resolved one of the issues that is lingering is a shortage of workers.”
“Many working in this sector predict that India’s production would decline by about 20 percent to about six hundred twenty thousand metric tonne in 2020. On the demand side, we had other challenges. Shrimp and fish commodities that are highly dependent on international trade suffered in the development of the pandemic from the restriction and closures of the global market,” he explained further.To know more watch this video