Dubai conglomerate plans Rs 500 cr fish processing unit in Odisha

To set up 100% EOU, will need supply of 500 tonne of oil sardines, other low-value fish

Dubai-based multinational business conglomerate Darvesh is planning to set up a processing unit in Odisha with an investment Rs 500 crore for production of isolates and concentrates from marine fish.

"The company is keen to set up the unit at Deras Seafood Park coming up at Khurda. They will be requiring an assured supply of 500 tonne of oil sardines and other low value fish costing less than Rs 25 per kg", said Bishnupada Sethi, secretary, fisheries and animal resources development, Odisha.

The unit will be an exclusive export oriented unit, he added.

Commenting on the availability of low value fish, Ramesh Mohapatra,