The solution SMARTShip is an Internet of Things (IOT) platform that enables on board operation of multiple systems.
Levy could hit the industry as it is a key ingredient in shrimp and fish feed
The global arabica futures prices fell to a 13-year low and robusta futures to a nine-year low during May this year.
The first chilli crop of the new season is due next month from Madhya Pradesh.
China is currently the largest producer of tilapia, with 1.6 million tonnes of the global output of 6 million tonnes. It is also the biggest supplier of tilapia to the US.
Rajni Sekhri Sibal, secretary of the newly formed department of fisheries, said the entire exercise will help double seafood exports in five years.
“There is downward pressure on the price,” said Anu Pai of Geojit Commodities.
The US and South East Asia, particularly China, are the major buyers of Indian seafood.
Increase in the prices of raw materials has also affected the profitability of companies.
China buys huge quantities from India, particularly the high heat varieties.
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