
Sitharaman, who was presenting her 7th Union Budget and first in Modi 3.0 government, said that the central government will encourage financing and marketing for shrimp farming via National Bank for Agriculture and Rural Development (NABARD).
Apex Frozen Foods was the top gainer which jumped by over 8.2% to hit an intra-day high of Rs 271.95 on the NSE, while Avanti Feeds and Waterbase were up by over 4% and 2%, respectively.
Apex Frozen Foods is an integrated producer and exporter of shelf stable quality aquaculture products. It supplies ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countries. Its output majorly comprises variantset of processed Vannamei shrimp (white shrimp).
Avanti Feeds is another company which provides seafood products.Meanwhile, Waterbase produces a wide range of aqua feeds from its plants installed with advanced pelleting technology machines and fully automated computer controlled operation. Formulations are designed by International shrimp feed nutritional experts, tested in real-time R&D farms before supplying the feeds, the company website claimed.

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