Optimizing Cost Benefits within Legal Constrains - Issues, Challenges, Opportunities & Solutions in Indian Aquaculture Export
Posted: 27 Sep 2007
Date Written: September 26, 2007
Natural resources are the ecological boon for Indian economic development due to various plenty of conventional & non-conventional water resources available. India's economy is growing at 8%+ growth rate annually. Contribution of fisheries to Indian GDP is less than 1.5%, which is approximately 5% of the agricultural GDP. India's contribution in the global trade is also not significant. Thus there is a great potential exist which is not yet tapped in aquaculture production and export of aquaculture produces. This research project aims at finding issues and challenges at macro & micro level that is faced by aquaculture industry in India.
There are natural, economical, social, political & technical problems in Aquaculture industry. The export procedure involves complex issues to be resolved by entrepreneurs. The entrepreneurs' skill need to be developed that they succeed in maintaining cost of the produces and improve quality that match international standards. This study after careful analysis of natural, economical, social, political & technical issues, aims to suggest measures to optimize cost and benefits, both social & financial. However, the study is pertaining to Indian aquaculture industry, the model may be replicable subject to local adjustments.
The study is based on secondary & primary data. Using appropriate quantitative techniques and qualitative analysis, the study will offer solutions to the aquaculture industry to enhance export and profit margin without compromising quality of the products. This will help in sustainable development of aquaculture industry.
Keywords: Aquaculture, Cost, Export
JEL Classification: Q22
Suggested Citation: Suggested Citation