Indian Pompano fish cultivation-First Scientific Experiment

On January 8, 2020, the Central Marine Fisheries Research Institute (CMFRI) announced that it has developed viable scientific method to cultivate Indian Pompano fish in ponds. Pompanos are marine fishes.

Cultivating Indian Pompano in ponds will be a good alternative to shrimp. The financial assistance for the scientific invention was provided by the National Fisheries Development Board (NFDB).

Highlights

Upon successful invention of the scientific method to cultivate Pompano fish by CMFRI, it is to be officially cultivated in ponds of Vishakhapatnam. This is the first time a scientific experiment has been done on the cultivation of Pompano fish in India.

The scientific method has recorded 750 grams of meat per fish in open ponds and 1 kg in cages. The method also recorded 95% of survival of the fishes. The method provided 3 tonnes per acre yield and a profit of 25% to 30% of input cost per acre.

Pompano

In 2014, the GoI began the scientific study on Pompano. The CMFRI scientists say that growing Pompano along with shrimp increases the survival chances of the later. This is because, the Pompanos break life cycle of viruses that attack shrimps. GoI is currently planning to implement inter-cropping of these two fishes.

Competitors

The Pompanos are commonly found in Indo-Pacific region. They are widely cultivated in China, Vietnam, USA, Taiwan, Malaysia, Indonesia and Philippines.

Existing Farming Techniques

In India, the Pompano is cultivated through Open sea Cage Farming and earthen pond fresh water farming. The survival rates of open sea cage farming is 72% and that of fresh water farming is 32%.

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CCI report on E-Commerce Market of India

On January 8, 2020, the Competition Commission of India (CCI) released its report on “Market Study on E-Commerce in India: Key Findings and Observations”. The market study for the report was initiated in April 2019 by CCI.

According to the report, the number of internet users have increased from 445.96 million in 2017 to 665.31 million in 2019. This is the primary reason for the fast growth of the E-Commerce sector in the country.

Key Findings of the Report

  • The revenue from the E-Commerce sector is growing at the rate of 51%.
  • In July 2018, the number of online transactions in the E-Commerce sector was 1 to 1.2 million per day.
  • Between 2016 and 2019, the delivery market places in food industry raised by 90%. Also, the food industry is no longer a metro phenomenon. It grew in non-metro cities as well.
  • The online travel booking is growing at 16% since 2016.
  • The E-Commerce Sector was established in 2009. However, the sector gained momentum in 2014. In 2017, the sector held 3,500 million USD investment. There are around 4757 E-commerce start-ups in India today in 2019.

Suggestions

  • To reduce information symmetry and increase transparency. This will increase competition among the stake holders.
  • To set out terms and conditions that will prevent the business users from influencing search ranking.
  • To set up a transparent policy on data collection of customers, product rating policies.

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