Fishin announces Rs.1000 crore investment in Telangana
The company will be setting up the project near Mid Manair reservoir, Rajanna Sircilla district.
Hyderabad: Fishin, a world-renowned company in import of Tilapia fish, is investing Rs.1, 000 crore in Telangana for setting up the largest freshwater aquaculture project in the world.
The company will be setting up the project near Mid Manair reservoir, Rajanna Sircilla district.
This announcement was made by the company Chairman and CEO Manish Kumar after his meeting with Industries Minister KT Rama Rao at San Jose on Thursday.
The Company, the largest importer of Tilapia variety of fish in the world and the largest importer of frozen food into the US, announced this investment of Rs 1,000 crores in a fully integrated freshwater fish culture ecosystem including hatcheries, feed manufacturing, cage culture, processing, and exports.
The project will produce 85,000 MTs of Tilapia fish per year using cage culture methodology. It will also generate direct employment for 3,000 people and another 2,000 people will benefit by way of indirect employment.
“This project will be the largest freshwater aquaculture project in the world,” said Manish Kumar, who is son of Padma Bhushan awardee Siva K. Kumar.
Minister KT Rama Rao thanked the team of Fishin’ for choosing Telangana as their investment destination. He assured that the State government would extend all cooperation to the company.
He said that the Telangana Government’s investment in Agriculture and Irrigation sectors was bearing fruit. The State was witnessing a second Green Revolution and a Blue Revolution, he informed.
The Industries Minister appealed to the Fishin’ firm to give preference to the local fishermen community and Mid Manair Project displaced households while hiring.
Industries Department Principal Secretary Jayesh Ranjan, Director – Food Processing Akhil also participated in the meeting.
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