eChapter Name: Entrepreneurship Development through Aquariculture/ Aquariculture: A Promising Sector for Entrepreneurs
9789358878257
eBook Name: RURAL TRANSFORMATION THROUGH AGRI-ENTERPRISE: EMPOWERING FARMERS AND YOUTH €“ FOCUS ON GRASSROOTS ENTREPRENEURSHIP AND YOUTH INVOLVEMENT
Abstract
Ornamental fish farming, or aquariculture, involves breeding and rearing colourful fish species in confined aquatic systems, gaining popularity as a stress-relieving hobby and a viable entrepreneurial venture. The global ornamental fish trade, valued at $18-20 billion, sees India contributing just 0.61% by quantity, despite its rich biodiversity, favourable climate, and low labour costs. States like West Bengal, Kerala, and Tamil Nadu lead in India, with 90% of exports from Kolkata, primarily sourced from the Northeast. Opportunities exist for breeders, growers, traders, and exporters, supported by institutions like SIDO, NSIC, and NIESBUD, which provide training and financial assistance. Challenges include limited infrastructure and awareness, but strategic focus on high-demand markets like the USA and Japan, improved breeding techniques, and proper water and health management can enhance India’s global competitiveness, fostering sustainable economic growth through entrepreneurship.
Keywords: Ornamental Fish Farming, Aquariculture, Entrepreneurship, Global Fish Trade, Biodiversity, India, Export Potential, Institutional Support, Sustainable Agriculture, Self-Employment