CPF to build a third feed mill in India
Charoen Pokphand Foods plans to build its third feed mill in India at a cost of US$10 million to serve the increased demand for shrimp feed.
India produced about 185,820 tonnes of shrimp and prawns in 2005, with a
total of 183,433 hectares of ponds. It is expected that there would be an
additional 10,000 hectares to raise both freshwater prawns and marine shrimp in
2008-09.
Confidence
This positive development in the
aquaculture business by Indian authorities in recent years has given us
confidence to invest there,” said Pinij Kungvankij, senior vice-president for
foreign aquaculture business development with CPF.
80,000
tonnes
The third mill will be built on the west coast of India this
year and start operating in early 2009, with a capacity to produce 80,000 tonnes
of shrimp feed a year and putting total annual feed output from CP in India at
250,000 tonnes.
Related website:
Charoen Pokphand
Foods
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