Small scale entrepreneurship in marine ornamentals: A profitable venture for employment

Madhu, K and Madhu, Rema and Mohandas, M P and Abhilash, K S and Mohan, Mrudhula K and Harikrishna, N H and Issac, Manuel (2023) Small scale entrepreneurship in marine ornamentals: A profitable venture for employment. In: Winter School on Mariculture Technologies for Income Multiplication, Employment, Livelihood and Empowerment. ICAR-Central Marine Fisheries Research Institute, Kochi, pp. 212-219.

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Abstract

The trade of marine ornamentals has been expanding in recent years and has grown into a multimillion dollar enterprise mainly due to the emergence of modern aquarium gadgets and technologies for setting and maintenance of miniature reef aquaria. Aquarium keeping is amongst the most popular of hobbies with millions of enthusiasts worldwide and the trade of marine ornamentals has been expanding in recent years and grown into a multimillion dollar enterprise. The recent emergence of modern aquarium gadgets and technologies for setting and maintenance of miniature reef aquaria made the aquarium keeping much easier than previous. Since the marine ornamental trade is operated throughout the tropics, the global marine ornamental trade is estimated at US$ 200-330 million. India is endowed with a vast resource potential of marine ornamentals distributed in the coral seas and rocky coasts with patchy coral formations. In the context of the expanding global scenario and the increasing demand in the domestic trade, it appears very much lucrative for India to venture into this industry.

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