Ernakulam, 4th
February
2025 : Kings Infra Ventures Limited, a pioneer in the seafood and aquaculture
industry. Operates across the entire seafood value chain, from farming to
international trade, with extensive infrastructure including farms, and
processing facilities, has announced that the recent government budget has
introduced significant customs duty changes aimed at strengthening India's
aquaculture sector.
Key modifications include:
● Reduction
in Basic Customs Duty (BCD) on frozen fish paste (Surimi) from 30% to 5% for manufacturing
analogue products for export
● Reduction
in BCD on fish hydrolysate from 15% to 5% for manufacturing fish and shrimp
feeds. These measures will make shrimp feeds more competive and reduce the
overall cost of shrimp production making farming more profitable and exports
more competitive.
● The
establishment of Export mission jointly by various stakeholder ministries, the
increase in subsidies under various schemes by the food processing ministry,
the benefits granted to the SME sector including increased financing limits and
expansion of credit to farmers will all contribute to the healthy growth of the
aquaculture industry to play a major role in achieving our vision for Vikasit
Bharat.
These changes come as India maintains its position as the second-largest
global producer in fish production and aquaculture. The government has
expressed its commitment to unlock the untapped potential of the marine sector,
emphasizing sustainable harnessing of fisheries.
Kings Infra: Leading Innovation in
Sustainable Aquaculture SISTA360: An integrated platform providing:
●
Sustainable and traceable aquaculture
solutions will benefit from the proposals for improving credit to farmers as
more farmers will be able to afford better technology and more sustainable
inputs.
●
SPEED program for skill development and
entrepreneurship will equip more young professionals to be future ready to
start their own aqua enterprises under PMMSY and FIDF schemes.
●
It will also help in comprehensive
farmer network development to create a robust sustainable supply chain.
Kings Maritech Eco Park: India's first eco-friendly mariculture tech park
featuring:
●
Advanced Recirculatory Aquaculture System (RAS)
●
AI and IoT integration
●
Projected productivity increases from 5
tons/Ha to 50 tons/Ha. The budget contains a proposal for supporting setting up
of Nuclear Breeding Centers( NBC). It will help in reducing import of
broodstock and also diversification of species. NBC will be an important
vertical within KMEPL.
Aqua King: A certified range of aqua healthcare products including:
●
Micro C macro minerals
●
Feed supplementary products
●
Water and soil probiotics
●
Various health management solutions All
products carry ISO 9001:2015, ISO 22000-2018 certifications and Coastal
Aquaculture Authority (CAA) approval.
Mr. Shaji Baby John, Chairman and Managing Director of Kings Infra
Ventures Limited, commented on the update, stating: The government's recent
budget initiatives, particularly the reduction in Basic Customs Duty on fish
hydrolysate from 15% to 5%, come at an opportune time for us and the entire
aquaculture sector. This aligns perfectly with our SISTA360 protocols and our
commitment to sustainable farming practices. The reduced input costs will
significantly enhance the cost- effectiveness of our operations, especially in
our high-yielding farms that have achieved the remarkable feat of harvesting
80gm Vannamei shrimps in 120 days without antibiotics.
Furthermore, as we progress with our Kings Maritech Eco Park project,
which aims to increase productivity from 5 tons/Ha to 50 tons/Ha using advanced
RAS technology, these duty reductions will play a crucial role in optimizing
operational costs. The government's recognition of India's position as the
second-largest fish producer globally and its focus on sustainable harnessing
of fisheries aligns seamlessly with our vision.
Through our integrated approach - from our ISO-certified Aqua King
products to our SPEED initiative for farmer empowerment - we are
well-positioned to contribute significantly to India's aquaculture growth story
while maintaining our commitment to sustainable and traceable practices.
The timing of these policy changes couldn't be better as we expand our
farmer network and scale up our operations across. These initiatives will help
us accelerate our mission of transforming aquaculture through technology and
sustainable practices, ultimately benefiting both farmers and consumers while
contributing to the nation's food security goals."
About Kings
Infra Ventures Limited
Kings Infra Ventures Limited, a pioneer in the seafood and aquaculture
industry, established its integrated aquaculture project in Tuticorin in 1987.
Originally a family business, it has evolved into a tech-driven leader in
sustainable aquaculture.
Leveraging
proprietary SISTA360 protocols and sustainable practices such as modified RAS,
modified biofloc, and advanced farm management techniques, Kings Infra has
achieved significant technological advancements. With the Maritech Eco Park
project and global expansion initiatives, the company remains committed to
sustainability, quality, and traceability.
Additionally, Kings Infra is developing premium retail brands—Kings Frigo
and Kings Bento— covering all aspects of the seafood value chain.
In FY24, the company recorded a total income of ₹90.60 crore, achieving
an EBITDA of ₹14.40 crore and a Net Profit of ₹7.56 crore.