Was speaking to somebody on aqua culture in ongole.
Here is what I was able to gather during the short discussion. Since this is a second hand account, the information needs to be validated.
- shrimp prices went down drastically. A large number of people in the area have lost money recently.
- state government as giving subsidy of around 90 % on hatchlings
- there is a fund created to facilitate loans through banks
- insurance is being is arranged to recoup in case of any losses
- there is a huge shrimp processing facility coming in Eluru.
Disclosure: No investment in Avanti feeds. Might be biased against due to prev. bad experience in aqua culture.
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