Shrimp Farming and Processing [Rs. 27.87 million, Feb-2021]

Shrimp Farming and Processing [Rs. 27.87 million, Feb-2021]
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16 June 2021
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Shrimp is marine animals that is widely used as sea food due it’s nutrition and dietary value. Shrimp occur in all oceans, both in shallow and deep water as well as in freshwater lakes and streams. There has been an increasing trend of establishing shrimp farms in the country during the last decade.

This particular pre-feasibility study is for setting up a ‘Shrimp Farming and Processing Unit’. The focus of the business would be to farm quality shrimp for supply to local as well as export markets. The unit is proposed to be located at the coastal areas of Sindh and Baluchistan or saline water land in Punjab and Khyber Pakhtunkhwa.

The proposed venture has a capacity to house and process 25,600 kgs. of shrimp annually. The proposed shrimp farm will operate at 100% capacity from the first year of its operations. This production capacity is estimated to be economically viable and justifies the capital as well as operational cost of the project. Complete adherence to food compliance practices and efficient supply chain management is critical to the success of this project. Therefore, entrepreneurs knowledge and experience in fisheries sector, especially shrimp farming is absolutely necessary.

Total project cost is estimated as Rs. 27.878 million with capital investment of Rs. 18.950 million and working capital Rs. 8.928 million. Based on an equity finance model, the project NPV is around Rs. 17.888 million, with an IRR of 30% and Payback Period of 3.61 years. The project will provide employment opportunities to 30 people including the Owner. The legal business status of this project is assumed to be ‘Sole Proprietorship’.

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