Photo: Aquaconnect

Aquaconnect Invests $4.5 Million in Aquaculture Research and Development

INDIA
Friday, March 28, 2025, 00:10 (GMT + 9)

Aquaconnect, an India-based aquaculture technology firm, is allocating $4.5 million towards research and development (R&D) and production facilities to expand its offerings in aquaculture biologicals.

The company is establishing advanced facilities to develop innovative formulations aimed at enhancing aquaculture health and sustainability, as reported by the Press Trust of India (PTI).

Aquaconnect is also forging collaborations with biotechnology companies in the European Union and the United States, leveraging international research expertise to create formulations tailored for India's aquaculture industry.

CEO Rajamanohar described this expansion as a strategic initiative aligned with the company's goal of integrating technology into aquaculture practices. He emphasized Aquaconnect's commitment to long-term investments in biological research to improve farm care solutions.

India's Aquaculture Sector: A Global Leader

India ranks as the world's second-largest aquaculture producer, with total fish production reaching 14.4 million tonnes in 2021. Aquaculture contributed 9.4 million tonnes to this total, underscoring its significant role in India’s fisheries output.

Inland aquaculture, primarily involving carp and other freshwater species, accounts for approximately 87% of farmed fish production. The rapid growth of shrimp farming, particularly Vannamei shrimp cultivation, has become a major contributor to India’s seafood exports.

In 2022, India generated approximately $7.9 billion from fish and fishery product exports, with shrimp accounting for roughly 70% of these earnings.

Market Growth and Future Projections

India’s aquaculture market, currently valued at approximately $1.42 billion, is driven by increasing domestic fish consumption and rising global seafood demand.

The sector is projected to experience a compound annual growth rate (CAGR) of 10.4% between 2024 and 2030, supported by initiatives to enhance food security and safety.

With strategic research investments like Aquaconnect’s, India’s aquaculture industry is poised for further advancements in farm care and sustainable practices.

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