Written by: Dr. Amit Mishra
A Superbly Lucrative Hobby
In today’s modern life, everyone is busy with work, official obligations, and family commitments. With the passing time, the pace of life is getting fast and then even faster every day and so hurriedly everybody must utilize every precious moment of their life, otherwise, they would lag behind in the race of real life. By this article, I would like to introduce Ornamental fish and its present scenario as Start-up business.
Is it only a daydream or you can convert your hobby into a successful business?
In the present world, fish keeping (or Ornamental fish keeping) is one of the most preferred hobbies after reading or traveling, and the number of hobbyists for ornamental fish (goldfish, zebrafish, catfish, rosy barb or gold barb, and fighting fish or betta) keeping is increasing day by day because with proper planning, commitment, and a business attitude it can be a magnificent opportunity for revenue generation and entrepreneurship development. The fish is a manifestation of great prosperity and wealth. Ornamental fish have good scope for Start-ups. The business comprises rearing of ornamental fish. The brilliant colors and exotic aspects of fishes attract people of all ages. Youngsters are highly fascinated by the adorable creatures in an aquarium.
The trade of Ornamental fish started in India in the year 1969. World Ornamental Fish market crossed 420 crores in 2017 and is projected to grow with a CAGR (Compound Annual Growth Rate) of more than 7.85%, in value terms, during 2019-2024, to reach over 620 crores by 2024. The term Ornamental fish is generally used as a comprehensive term to relate aquatic animals kept in the aquarium, which includes fishes (danio, guppy, swordtails), invertebrates (e.g., hermit crabs, rock lobsters, shrimps), molluscs (e.g., Oysters, snails, scallops), and also live rock or live sand. Ornamental fish are certainly nature’s incredible advent. A neatly maintained aquarium containing ornamental fish adds aesthetic appearance to well-furnished drawing rooms at homes, in hotel lobbies, restaurants, and other public places.
India has great potentials in the production of Ornamental fish due to the presence of rich biodiversity of species in the Western Ghats and North East India, favorable climatic conditions, and availability of economical labor. Kerala, Andhra Pradesh, Tamil Nadu, and West Bengal are the major states involved in the practice of ornamental fish farming. The recent story of a farmer Yatindra Kashyap hailing from Motihari, Bihar is a perfect example who took funding from State government build ponds and gradually within a span of 5 years succeeded in making a good profit.
In the ornamental species trade, two types of fishes are available i.e. indigenous (Local) and exotic (Foreigner). The ease of availability of an enormous number of native species has largely contributed to the development of the ornamental fish industry. The indigenous species are mainly present in North-eastern states, West Bengal, Bihar, Kerala, and Tamil Nadu. According to the data available, to meet the export demand of the country the collection and rearing of around 90% of native species are done of which 85% belong to Northeast. Presently, nearly about 210 native species are exported to foreign countries. There is also a great demand for exotic species due to its color, shape, and appearance. There are above 300 exotic species that are involved in the ornamental fish trade, and demand for them keeps rising.
What things are needed for Starting an Ornamental Fish business?
- Aquarium or fish tank or concrete tanks or glass tanks-For rearing of Fish
- Pumps-Centrifugal and Turbine-For filling freshwater from a freshwater source
- Biofilter-Allows microorganism to grow which helps in the breakdown of wastes
- Aeration Devices-For adequate supply of Oxygen
- Seine Net or Net Reels – For catching fish
- Holding and Grading Equipment-Belts, tank trucks
- Water testing equipment- Pocket testers to analytical instrumentation for measuring pH, Conductivity, and other water quality characteristics.
What are the advantages of ornamental fish rearing as a business?
- It gives amusement to youngsters
- It enables relaxation of the mind and hence contributes to a healthy society
- It allows youngsters to get acquainted with nature and use their time adequately
- It creates an employment opportunity
- It can help in generating foreign exchange
Opening up a business of ornamental fish is perfect for the entrepreneur looking to support their passion for keeping beautiful and healthy exotic and common fish and bringing themselves near to Nature. Proper training of rearing Ornamental fish and knowledge of disease management is an important aspect to be gained to boost the Start-up business plan that would improve the overseas and domestic trade of the varieties.