INDIA : ICAR-CIBA has signed a memorandum of understanding (MOU) for the technology transfer for a seabass hatchery to start the first hatchery for the resource in Andhra Pradesh.
Through the MOU, ICAR-CIBA transfers hatchery technology it has developed for the production of seabass seed and nursery rearing technology for the fingerlings to an entrepreneur, Nishanth Reddy, who is to set up the seabass hatchery in the state.
In this regard, Dr. J K Jena, DDG (Fishing Science), ICAR, New Delhi expressed the market potential of seabass, which is profitable and also contribute to their effort in increasing the farmed fish production. In addition, he congratulated CIBA and Reddy for handholding initiative to start the first seabass hatchery in Andhra Pradesh.
Dr.K.K.Vijayan Director, CIBA, emphasized the importance of setting up seabass hatchery in the private sector, as this would enable the supply of quality seabass seeds for the fish farmers, which is one of the major limiting factors in the expansion of seabass farming in the country.
The director appreciated Reddy’s entrepreneurial attitude in taking up the startup programme and training under CIBA to gather experience in the hatchery technology and economic benefits.
The entrepreneur expressed confidence that this novel initiative will facilitate increased fish production, generation of employment and income, in tandem with the Central Government programme of doubling the farmers’ income.
Settlement of the memorandum of understanding between CIBA-ICAR and entrepreneur Nishanth Reddy. (Photo: CIBA)