IRAN: An Iranian firm signed a USD 20 million deal with two French firms for the joint production and export of 1,000 tonnes of shrimp annually, as it was announced by Iran Feed Industry Association chairperson Majid Movafeq-Qadiri.
This agreement, settled by Hormoz Dam Company with the French companies Crusta'C and Du Ble Au Soleil SASU, signals the first time in the Iranian fishing sector that one company will develop the entire process, beginning from shrimp larviculture to breeding, feeding, farming, packaging, processing and selling, is going to be executed in Iranian fisheries, the Financial Tribune reported.
The two sides have agreed in the contract to form a joint holding called Crustapars and carry out the whole shrimp production and export process under the same brand.
"The share of capital each side brings to the table is not stipulated precisely in the contract, yet the French sides have undertaken to transfer the latest technology in the field to their Iranian counterpart and this is what we are mainly after," Majid Movafeq-Qadiri pointed out.
The required technology at each step of the production process is to be transferred by the French companies to the Iranian party. These include the latest shrimp farming methods, the know-how of producing larvae with the highest amount of productivity, feeding instructions and the most efficient ways of processing and packaging.
Movafeq-Qadiri also announced that a delegation from the Agriculture Commission of the European Union (EU) comprised of representatives of 40 companies active in the food industries is scheduled to visit Iran and hold a business forum in the capital on November 11-12.
"Most of these companies are active in livestock, poultry and fish sectors as well as food industries. The commission will survey trade and investment opportunities as well as the possibility of technology transfer with their Iranian counterparts who are willing to receive foreign investments and technology," he stressed.
According to the head of Seafood Exporters Union, Ali Akbar Khodaei highlighted that over 20,000 tonnes of shrimp were produced in Iran in the year to March 20, 2017, of which about 14,000 tonnes were exported mainly to the European Union, Russia, Southeast Asian countries, Vietnam and China as well as the Persian Gulf littoral Arab states.
The official noted that production and exports are expected to rise to 30,000 and 20,000 tonnes respectively in the current Iranian year (March 21, 2017-March 21, 2018).