Oceanaa Biotek Industries has signed a memorandum of understanding with Inteqc Holding Co Ltd, a Thailand group feed manufacturing company, to jointly set up a shrimp feed manufacturing unit at the Chennai-Nellore Highway.

The latter is in the business of manufacturing animal feeds and holds the technology for manufacturing prawn feed, fish feed, etc in Thailand. Shareholders of Oceanaa Biotek will track the business development on this front.

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