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August 19, 2015

India

$7.1 Million Project in the State of Odisha

 

The state of Odisha plans to launch a $7.1 million-dollar project to increase the production of the western white shrimp, Penaeus vannamei, which has proven to be a more profitable species than the giant tiger shrimp, P. monodon.  Vannamei also has shown survival rates of 85% in Odisha.  Bishnupada Sethi, Secretary of the Fisheries and Animal Resources Development Department, said the project would involve 6,500 farmers and cover 5,000 hectares in seven coastal districts.

 

Over the last three years, Odisha has increased it revenues from shrimp farming by 250 percent, from $140 million to $353 million.  Over the next five years, it hopes to increases them to $1.5 billion!

 

Source: NYOOZ.com.  Rs46 Cr Project to Boost Vannamei Shrimp Farming in State.  August 19, 2015.

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