Southeast Asia’s prominent aquaculture firm, eFishery, has reached a significant milestone in its global expansion efforts with the successful completion of its commercial pilot in India. The Indonesia-based company initiated the pilot project in March, securing over 1,000 acres of ponds under contract and distributing a remarkable 3,000 metric tons of feed. This accomplishment not only signifies a successful foray into the Indian market but also positions eFishery to extend its presence to five additional Indian states by the close of 2024.

The pilot project, undertaken in India, also marks the beginning of a broader expansion strategy for eFishery, emphasizing a meticulous, one-country-at-a-time approach to ensure sustainability and assess impact. Beyond India, the company is eyeing opportunities in one or two countries in both Asia and Latin America within the next year, all while continuing to export shrimp products globally. The firm’s global expansion plan revolves around accessing diverse markets, providing a comprehensive ecosystem for farmers, and introducing a unique “Digital Co-Op” model. This model aims to furnish farmers with access to high-quality inputs, IoT technologies, production SOPs, and a guaranteed market off-take, ultimately empowering farmers and unlocking their true potential.

India’s thriving aquaculture industry, valued at over USD 15 billion, has witnessed an impressive >8% Compound Annual Growth Rate (CAGR) for the past three decades. Despite its enormous potential, small and medium farmers in India face numerous challenges, including poor market linkage, inconsistent and non-beneficial pricing schemes, delayed payment terms, and a lack of fundamental farm management information, protocols, technology, and innovation. In response to these challenges, eFishery has taken a proactive role in empowering farmers to make informed, data-driven decisions promptly. The company’s focus lies in refining farm operations, optimizing cultivation practices, and enhancing overall yield for the benefit of farmers in the Indian aquaculture sector.