Due to lack of facilities including investment, adequate land for extending shrimp farms, modernized technologies and support from the authorities concerned, country’s shrimp farming hasn’t improved in a desired level, writes the Daily Observer (India) in a report on a recent workshop, ‘Expert Consultation Workshop.” The article writes that instead of seeing those improvements, in recent years, the promise of a shrimp boom has faded and the sector seems to be at an impasse.
According to a study by the International Food Policy Research Institute (IFPRI), the annual value of shrimp exports is still at 1997 levels, around US $50 crore. This is in contrast to India, which started at comparable levels but currently has a market share worth $800 crore. Shrimp exports have gradually declined since their peak in 2013-14.