Thailand-based Charoen Pokphand Foods (CPF) will soon invest nearly Rs 600 crore in its aqua and agro-businesses in India. On 25 June 2023, the company launched its new products in Vijayawada, Andhra Pradesh.
With the aim to boost the productivity and profitability of shrimp farmers for a sustainable Indian shrimp industry, CPF launched new prawn feed products such as Blanca Extra, CP Mondon Advance and Super Marine Extra and seed products Turbo Rocket and Turbo Kong.
Similarly, the company is improvising and developing agro-based products which will enable farmers to grow exponentially in the state.
CPF seeks to focus on strengthening its businesses with additional funds within a month or two. The company has been in the Indian market for the past 30 years.