Detailed Project Report on shrimp/prawn processing plant (50 tons/day)

The frozen seafood market size has the potential to grow by USD 31.76 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over year growth. Among the freshwater carp fish species, Rohu, Catla, Mrigal are extremely decision. There fishes are normally told as whole fish in the market. India, with a production of around 10.8 million MT is the second largest fish producer in the world. Processing levels of marine food in India are currently at 23%. The top five states for fisheries production in India are Andhra Pradesh, West Bengal, Gujarat, Karnataka and Kerala with a combined share of around 50% of the total fish production. The global Frozen Seafood Market is expected to register 5.34% CAGR from 2019 to 2024 and reach USD 17.29 billion by the end of 2024.

Shrimp refers to an invertebrate marine animal with an elongated body which is often used as a food product. It is regarded as nutritious since it contains proteins, selenium, antioxidants, phosphorus, magnesium, copper, iron and vitamin B12. Some of the health benefits associated with shrimp consumption include weight loss, fighting aging, improving bone health, decreasing menstrual pain and preventing cardiovascular diseases. In India, fisheries represent a significant economic activity and offer vast growth opportunities. This is due to the country’s varied resources and potentials.

COST ESTIMATION

Plant Capacity 50 Ton/Day

Land & Building (9000 sq.mt.) Rs. 2.49 Cr

Plant & Machinery Rs. 19.85 Cr

Working Capital for 1 Month Rs. 53.51 Cr

Total Capital Investment Rs. 76.65 Cr

Rate of Return 86%

Break Even Point 20%

APPENDIX – A:

01. PLANT ECONOMICS

02. LAND & BUILDING

03. PLANT AND MACHINERY

04. OTHER FIXED ASSESTS

05. FIXED CAPITAL

06. RAW MATERIAL

07. SALARY AND WAGES

08. UTILITIES AND OVERHEADS

09. TOTAL WORKING CAPITAL

10. TOTAL CAPITAL INVESTMENT

11. COST OF PRODUCTION

12. TURN OVER/ANNUM

13. BREAK EVEN POINT

14. RESOURCES FOR FINANCE

15. INSTALMENT PAYABLE IN 5 YEARS

16. DEPRECIATION CHART FOR 5 YEARS

17. PROFIT ANALYSIS FOR 5 YEARS

18. PROJECTED BALANCE SHEET FOR (5 YEARS)