Friday, Mar 29 2024 | Time 15:27 Hrs(IST)
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Business Economy


ILL forays into Aquaculture health segemnt

Hyderabad, Oct 4 (UNI) Indian Immunologicals Limited (IIL), one of the largest vaccine producers in Asia, forayed into the Aquaculture health segment with the launch of its products to serve the growing need in farmed shrimp and fish in the country.
IIL’s foray into the aquaculture segment will be in multiple phases comprising multiple products including vaccines, Hyderabad-based ILL, the market leader in Animal and Human vaccines, said in a release here.
IIL as a one health company produces multiple types of vaccines for multiple species such as Human, cattle, ship and goats, pigs, and companion animals.
Aquaculture segment comprises fish and shrimp while the farmed shrimp industry is expected to grow by 11 per cent against a global growth rate of 5.6 percent. India has established itself as the second largest farmed-shrimp producer in the world.
India’s global market share in shrimp business is 14 per cent. India’s annual shrimp production is around 600,000 metric tons that aggregates to more than $3 Billion with a CAGR of 32 per cent since 2010.
Approximately 40 percent of shrimp is exported to the US followed by approximately 30 per cent to Vietnam and nearly 15 per cent to the European Union. The export market strictly demands antibiotic free products.
Speaking at the launch function, IIL Managing Director Dr K Anand Kumar, “IIL is committed to introducing products including vaccines that will significantly reduce the usage of antibiotics in the aqua health industry”.
ILL Deputy Managing Director Dr. Priyabrata Pattnaik, said “IIL with its strong R&D team, has all the technological capabilities to manufacture vaccines for aqua health management”.
The total fish production in India in 2018 is estimated at 6.24 Million Metric Tons (MMT). The growth in the fish farming sector mainly comes from the freshwater aquaculture sector. Though India holds the second position in the world for freshwater fish farmed production, freshwater fish farming in India is still based on traditional methods – large ponds, no water exchange, no draining, and no bottom sediment removal – that often lead to conditions that promote disease.
Many fish farmers are tempted to use high doses of antibiotics to treat such disease, which ultimately leads to Antimicrobial Resistance (AMR).
IIL as a one health company, through its foray into aquaculture health segment intends to play a role in minimizing use of antibiotics, ultimately protecting our environment and health.
UNI KNR CS1745
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