Biznextindia : Kings Infra Ventures Ltd, the company with interests in aquaculture farming, marine products processing, international trade and sustainable food production consultancy services, sees greater traction in export demand during the year. The company has also entered into strategic partnerships with stakeholders in the value chain linked to aquaculture farming and shrimp exports.
Commenting on the overall business outlook, Kings Infra Chairman and Managing Director Shaji Baby John said “We have received very encouraging responses from buyers from major marine products markets. We are bullish about demand prospects especially in the peak season coinciding with Christmas and New Year”.
“We are very close to seal two major strategic partnerships that would fetch export orders worth INR 100 cr each. The strategic partnership with the Chinese subsidiary of a reputed Japanese company will be for joint branding and distribution in the Chinese Market. The relationship would help us in risk mitigation as assured payments will be made by the Japanese principals”, he added.
The partnership with the US company is for supplying nearly 100 containers of IQF shrimp and we consider it as a very positive development. “We will be able to introduce our shrimps in the US for the first time. The US is the biggest market for Indian shrimp export and we feel that the new tie-up would enable us to gain further traction in export business to the largest market”, Shaji Baby John said. To cater to the specific order from the US, Kings Infra plans to acquire a marine product processing plant in Nellore soon. “In the meantime, to avoid time delays we are entering into working arrangements with processing plants as a merchant exporter”, he added. According to Shaji Baby John, Kings Infra is moving ahead with “well-designed business plans focusing on long-term business partnerships with global buyers and collaboration with domestic exporters for valued added production”. Kings Infra with 93 percent growth in PAT in FY 2022-33 entered into a tie-up with the Canada based Atomes Group for promoting antibiotic free, sustainable and traceable aquaculture. The company has also entered into a strategic partnership with Snowkap, globally renowned for offering solutions to attain the Environmental, Social, Governance (ESG) Goals and cutting Green House Gas (GHG) emissions.