The jakes fishery is in a golden period in India, as the seafood industry continues to thrive.
In a market report conducted by industry body Jakes Seafood, the industry witnessed a surge in growth during the financial year, with a 7.2 per cent growth rate.
It added that this growth was driven by demand from China, the UAE, and Brazil.
The report also said that there is a growing appetite among the Indian consumers for the seafood, as it has an appeal to those who have never had it before.
The industry has seen a surge of over 1,200 fisheries across the country, with the biggest surge happening in Mumbai.
“We have seen a spike in demand from the UAE and Brazil in recent months.
These countries are also very keen on acquiring jakes.
We are working with them to find a partner to establish a jakes processing facility in the UAE,” said Anil Kumar, President, Jakes Fishery.
Kumar added that demand is also expected to rise in the years to come.