Kings Infra welcomes Andhra CM's Proposed Support Measures for Aquaculture

Kings Infra Ventures Ltd. welcomed the recent proposals made by the Hon'ble Chief Minister of Andhra Pradesh to support the aquaculture sector amidst the challenges caused by US tariffs on shrimp imports. The package of proposed support measures - including a 240-day moratorium on loan repayments, interest subsidies, GST waiver on frozen shrimp, reduction in shrimp feed costs, reduction in electricity charges, creation of a ₹100 crore corpus fund, and development of cold storage and logistics infrastructure - is expected to provide much-needed relief to aquafarmers and exporters.

Andhra Pradesh is the aquaculture capital of India, with more than 2.1 lakh hectares under aquaculture and a community supporting the livelihoods of over 20 lakh people. The state contributes over 70% of India's shrimp exports, making government intervention critical for sustaining farmer incomes and export competitiveness.

Speaking from Vizag, Mr. Sreeram Inagalla, COO - International Business, Kings Infra, said: "The proposed support measures announced by the Andhra Pradesh Government are a lifeline for the aquaculture sector. By addressing input costs, financial stress, and market development, these proposals will protect farmer livelihoods and ensure India's continued leadership in global seafood exports."

Mr. Shaji Baby John, Chairman & Managing Director, Kings Infra, added: "Kings Infra is fully committed to supporting the creation of a sustainable aquaculture ecosystem in Andhra Pradesh. We will continue to provide technology-driven solutions, cluster development, and farm-to-fork integration to reduce costs, enhance productivity, and ensure long-term farmer prosperity. We also make a fervent plea to the Central Government and other maritime states to extend their full support to the progressive proposals of the Hon'ble Chief Minister so that the entire aquaculture community can withstand global headwinds and thrive."

Kings Infra recently made a strategic foray into Andhra Pradesh through the integration of Sri Aqua, with the objective of building a fully sustainable aquaculture supply chain. From Vizag, the company is now focused on shrimp farming clusters, processing and value addition partnerships, and its Farm-to-Fork strategy - integrating Kings Frigo and Bento - to deliver premium, value-added seafood to domestic and international markets.

Shares of Kings Infra Ventures Limited was last trading in BSE at Rs. 165.90 as compared to the previous close of Rs. 169.15. The total number of shares traded during the day was 32196 in over 407 trades.

The stock hit an intraday high of Rs. 171.75 and intraday low of 165.00. The net turnover during the day was Rs. 5386907.00.

Source : Equity Bulls

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