Kings Infra expands footprint in EU markets

Europe has been a major market for Shrimps and cephalopods from India for decades. During the visit to the Seafood Expo 2024 at Barcelona recently, Shri Shaji Baby John, CMD, Kings Infra established contacts with several leading importers and distributors from Spain, Italy, France, Portugal and other European countries. The reason for fall in the imports to EU from India in 2023 was discussed thoroughly and suitable strategies were formulated to overcome the bottlenecks especially the longer transit time due to the Red Sea crisis. In this connection the need to establish a strong representation in Europe for better communication and continuous engagement with the importers, distributors, retailers was felt very much essential. Mr. Jesus Vicente Piero Sos, a Strategic Business Development professional, well experienced in dealing with large scale sales in Agriculture commodities in Europe with diplomatic, negotiation and financial skills for value creation as a business development manager was invited to visit Kings Infra factories, Aquafarms and Technology Development Center to study and develop a suitable business strategy for EU Markets.

Kings Infra already has a strong presence in EU supplying high quality Cuttlefish whole cleaned both in Individual frozen form and block form as well as squids and Octopus for several for years. This initiative is taken with a view to introduce Head on Shell on, Vannamei and Black Tiger shrimps to Spain, Italy, France and other European countries. Europe has very stringent norms for Shrimp Imports especially Zero Tolerence to residual antibiotics and heavy metals. Ecuador and other south American countries presently dominate the HeadOn Shrimps market in Europe.

At Kings farms high quality shrimps are produced using SISTA360 Protocols ensuring sustainability and traceability to meet the most stringent quality standards in European Markets.

As a part of this strategy Kings decided to dedicate a separate line of our production in Tuticorin Factory to cater into European Market. Our presence in the European market will be bolstered by this initiative fetching better value for the products.

In line with the strategic business development plan Kings Infra Ventures Limited has appointed Mr. Jesus Vicente Piero Sos, Peso Almada, 43rd Floor, 4th 46023, Valencia, Spain as Business Development Advisor, International Markets, based in Spain to expand our seafood business in Spain ,Italy, France, Portugal and other countries of Europe.

Shares of Kings Infra Ventures Limited was last trading in BSE at Rs. 159.70 as compared to the previous close of Rs. 148.70. The total number of shares traded during the day was 99320 in over 660 trades.

The stock hit an intraday high of Rs. 167.30 and intraday low of 149.00. The net turnover during the day was Rs. 15854522.00.

Source : Equity Bulls

Keywords

KingsInfraVentures INE050N01010 Europe EUMarkets Expansion SeafoodExpo2024