Kings Infra Ventures Ltd. has expressed strong support for the Andhra Pradesh government's proposed measures to bolster the aquaculture sector, which is currently facing challenges due to US tariffs on shrimp imports. The company, a key player in the aquaculture industry, sees these initiatives as crucial for sustaining farmer incomes and maintaining India's competitive edge in global seafood exports.

Comprehensive Support Package

The Andhra Pradesh Chief Minister has proposed a robust support package for the aquaculture sector, which includes:

• A 240-day moratorium on loan repayments
• Interest subsidies for farmers
• GST waiver on frozen shrimp
• Reduction in shrimp feed costs
• Lower electricity charges
• Creation of a ₹100 crore corpus fund
• Development of cold storage and logistics infrastructure

These measures are designed to address the immediate financial pressures faced by aquafarmers and exporters while also investing in long-term infrastructure improvements.

Andhra Pradesh: India's Aquaculture Hub

Andhra Pradesh's significance in India's aquaculture sector cannot be overstated:

• Over 2.1 lakh hectares under aquaculture
• Supports livelihoods of more than 20 lakh people
• Contributes over 70% of India's shrimp exports

Given these statistics, the state government's intervention is seen as critical for the industry's sustainability and growth.

Kings Infra's Perspective

Sreeram Inagalla, COO of International Business at Kings Infra, hailed the proposed measures as "a lifeline for the aquaculture sector." He emphasized that by addressing input costs, financial stress, and market development, these proposals will protect farmer livelihoods and ensure India's continued leadership in global seafood exports.

Shaji Baby John, Chairman and Managing Director of Kings Infra, reaffirmed the company's commitment to supporting a sustainable aquaculture ecosystem in Andhra Pradesh. He stated, "We will continue to provide technology-driven solutions, cluster development, and farm-to-fork integration to reduce costs, enhance productivity, and ensure long-term farmer prosperity."

Kings Infra's Strategic Moves

The company has recently made strategic inroads into Andhra Pradesh:

• Integrated Sri Aqua into its operations
• Focused on developing shrimp farming clusters
• Established processing and value addition partnerships
• Implemented a Farm-to-Fork strategy, integrating Kings Frigo and Bento

These initiatives aim to deliver premium, value-added seafood to both domestic and international markets, aligning with the company's vision for a fully sustainable aquaculture supply chain.

Call for Broader Support

Kings Infra has also appealed to the Central Government and other maritime states to extend their support to Andhra Pradesh's proposals. This collaborative approach, they believe, will enable the entire aquaculture community to withstand global challenges and thrive.

Investor Relations

In a related development, Kings Infra has scheduled an investor meeting with NAN Partners, the family office of Navin Agarwal, Executive Vice Chairman of Vedanta Ltd. The meeting indicates ongoing investor interest in the company's strategic direction and growth prospects.

As the aquaculture sector navigates through these challenging times, Kings Infra Ventures Ltd. appears well-positioned to play a significant role in the industry's adaptation and growth, particularly in the key market of Andhra Pradesh.

Kings Infra Ventures Ltd. has expressed enthusiasm over the European Union's recent approval of 102 additional seafood processing and export units from India, a move expected to significantly boost the country's seafood export industry.

Expanded Market Access

The approval is anticipated to strengthen India's position as a global supplier of seafood products. Kings Infra, a company specializing in sustainable aquaculture and value-added seafood exports, is poised to benefit from this development, particularly through its established presence in Spain—a key entry point for Indian seafood into the European Union.

Government Recognition

Kings Infra extended its gratitude to various government entities for their role in facilitating this approval:

• Government of India
• Ministry of Commerce
• Marine Products Export Development Authority (MPEDA)
• Export Inspection Agency
• Commerce & Industry Minister Piyush Goyal

The company lauded these organizations for their efforts in gaining wider global acceptance for Indian seafood products.

Strategic Implications

Shaji Baby John, Chairman & Managing Director of Kings Infra Ventures, commented on the significance of this development: "This milestone will enable us to scale our EU trade, empower our farmer partners, and reaffirm India's leadership in sustainable aquaculture and seafood exports."

Industry Impact

The EU's decision is expected to have far-reaching effects on India's seafood sector:

1. Increased export opportunities
2. Enhanced market access for Indian seafood products
3. Potential growth for processors and exporters
4. Positive impact on farmers involved in aquaculture

Company Outlook

Kings Infra Ventures sees this approval as an opportunity to:

• Scale up its trade within the European Union
• Strengthen partnerships across Europe
• Leverage its presence in Spain for market expansion

The company reaffirmed its commitment to innovation, sustainability, and global market leadership in light of this development.

Conclusion

As India's seafood sector prepares for robust growth, the EU's approval of additional processing units marks a significant step forward. It not only validates the quality and safety standards of Indian seafood but also opens new avenues for companies like Kings Infra Ventures to expand their global footprint and contribute to India's growing prominence in the international seafood market.