Kings Infra Ventures Ltd enters into agreement with ICAR-CIFT for Technology Licence

Kings Infra Ventures Ltd has signed a pact with the Central Institute of Fisheries Technology on Monday for developing ready to eat and ready to serve fish products by adopting steam or water immersion technology capable of achieving very long shelf life under normal room temperature without using any chemical additives or preservatives. Safe food products with very long shelf life in ambient storage conditions in accordance with the stipulations of the US FDA and other regulatory agencies would be the focus of the project.

The innovative project would also help in providing an opportunity for optimising ingredients, processing and heating conditions of the region-specific ethnic dishes, said Shaji Baby John Chairman and Managing Director of Kings Infra. Elimination of the need for special storage temperature is the main advantage of the project, he added.

The two entities would also collaborate on a project to remove the protein content from the shell before adding chemicals by using a specially designed machine. The improved process helps in cutting down the use of chemicals substantially. The process helps in improving the quality of chitin and chitosan at a reduced cost. The effluent treatment cost is also reduced due to the cutting down in chemical usage. The protein separated can be used for many products including feed and other bio active molecules.

ICAR-CIFT is a technology Institute in India, under ICAR, which caters to the entire spectrum of fisheries from harvest to post-harvest operations. The Institute provides technologies and services to the fishing and fish processing industries in the areas of craft and gear, processing including products development, packaging and waste utilisation, nutrition, microbiology and biotechnology, engineering, quality assurance and socio-economics and extension. Headquartered in Kochi, Kerala CIFT has been at the forefront of developing many cutting edge research projects and product development including Chitosan, development of nano sensors for precision aquaculture, rapid testing platforms, valorization of marine and agro-waste and SMARK PACK initiative.

ICAR-CIFT has developed technologies i.e.;Modified method of chitin production / alternative chemicals for chitin production; and Ready to eat / serve fishery products in metal cans and retortable pouches.

The technology 'Modified method of chitin production/ alternative chemicals for chitin production has specially designed machine which is used to remove the protein content from the shell before adding chemicals. Hence the improved process requires less chemical use. This in turn improves the chitin and chitosan quality and incur less cost for the process. The effluent quality also improves resulting in less cost for ETP. The protein separated can be used for many products including feed and other bio active molecules.

Whereas the technology 'Ready to eat / serve fishery products in metal cans and retortable Pouches' ,can be optimised for achieving very long shelf life under normal room temperature storage without use of any chemical additives or preservatives. The region specific ethnic products can be optimised for ingredients, processing and heating conditions to achieve desired safety and consumer acceptability by following approved guidelines as per US FDA or any other regulatory agency to produce safe food products with very long shelf life. No special storage temperature is needed and products can be stored at ambient storage conditions.

Shares of Kings Infra Ventures Limited was last trading in BSE at Rs. 92.35 as compared to the previous close of Rs. 84.10. The total number of shares traded during the day was 191194 in over 671 trades.

The stock hit an intraday high of Rs. 92.50 and intraday low of 85.00. The net turnover during the day was Rs. 17542590.00.

Source : Equity Bulls

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KingsInfraVentures INE050N01010 ICAR CIFT ReadyToEat ReadyToServe FishProducts