Bharat Neeti

BHARAT NEETI

Be Ahead With Economy And Policy Updates

BHARAT NEETI

Be Ahead With Economy And Policy Updates

Kings Infra Ventures Unveils ₹500 Crore Integrated Aquaculture Technology Park in Srikakulam, Eyes North Andhra as India’s Blue Economy Hub

WhatsApp
Copy link
URL has been copied successfully!

New Delhi: Kings Infra Ventures Ltd. (KIVL), a trailblazer in sustainable aquaculture since 1987, has announced a strategic expansion into North Andhra, targeting Vizag and Srikakulam districts. The initiative aims to establish a 500-acre Integrated Maritech and Aquaculture Cluster with an initial investment of ₹500 crore, positioning the region as a next-generation hub for technology-driven and sustainable seafood production.

Following the submission of a Letter of Intent (LoI) to the Government of Andhra Pradesh, Kings Infra officials—Mr. Sriram Inagalla, COO, International Business, and Mr. Joseph Ragunath, Head of Operations—held detailed consultations with the District Collector of Srikakulam and the MRO to identify suitable land for the project. Discussions focused on site suitability for multi-species aquaculture, infrastructure readiness, water resource availability, and long-term connectivity. Formal agreements will be executed post land identification and statutory clearances.

The decision to relocate operations to Vizag and Srikakulam is driven by several strategic factors:

  • Optimal Coastal Conditions: Stable salinity, favorable temperatures, and low disease incidence support high-density, sustainable farming.
  • Government Support: Fast-tracked approvals, incentives for tech-led aquaculture, renewable energy integration, and ESG-compliant operations.
  • Export Connectivity: Proximity to Vizag Port and international shipping lanes ensures efficient seafood export logistics.
  • Local Talent Integration: Availability of skilled aquaculture workforce and potential to train 5,000 entrepreneurs over five years.
  • Strategic Acquisitions: The acquisition of Sri Aqua adds operational depth and market access, while leadership under Mr. Shaji Baby John accelerates AI- and IoT-driven BlueTechOS integration.

The Srikakulam–Odisha corridor is emerging as India’s premier Blue Economy zone, offering scalable coastal ecosystems, strong government backing, and export-oriented infrastructure. The cluster will feature shrimp, finfish, tilapia, crab, and seaweed cultivation, along with indoor RAS systems, nutraceutical extraction units, and training facilities.

The project is expected to generate 1,500 direct and 10,000 indirect jobs, promote local entrepreneurship, and restore coastal ecosystems. It will operate as a fully renewable energy-powered and carbon-neutral model, setting a global benchmark for responsible aquaculture.

Mr. Shaji Baby John, Chairman & Managing Director of Kings Infra Ventures Ltd., stated, “This initiative represents a global model for smart and sustainable aquaculture. We invite international technology leaders, research institutions, and investors to partner with us. By integrating AI, automation, and sustainable practices into this 500-acre cluster with an initial ₹500 crore investment, we aim to create substantial economic value for the region, empower local communities, and chart the future of India’s Blue Economy from North Andhra and Odisha.”

You are warmly welcomed to India’s first On-Demand News Platform. We are dedicated to fostering a democracy that encourage diverse opinions and are committed to publishing news for all segments of the society. If you believe certain issues or news stories are overlooked by mainstream media, please write to us. We will ensure your news is published on our platform. Your support would be greatly appreciated if you could provide any relevant facts, images, or videos related to your issue.

Contact Form Demo