ELITE Institute

skip to main | skip to sidebar

Home
About Us
- ELITE Institute
- Academic
  - Vision
  - Mission
  - Principles
  - Goals
- Administration
  - Organization
  - Campuses
Admission
- Registration
- Available Programs
Faculties
Students and Parents
Training and Development
Elite Index

Home » »

Fisheries Sector in the Maldives

August 31, 2019

Fisheries Sector in the Maldives

Fishing provides the livelihood for many people in the Maldives. Fisheries sector is the second largest industry in the Maldives. It has an indirect link to tourism sector as resorts demand a constant supply of fish for their guest and employees.

Fishing in Maldives is still practiced using traditional techniques. Pole and lines are used for catching fish. This is believed to be a more sustainable and dolphin friendly method. Fisheries sector provides most of the employment for dispersed island communities. Most of the fishing boats are owned by local boat owners. Fishing is still largely practiced as a family business.

Fishing still is the main income earner for most Maldivian families

Fishing still is the main income earner for most Maldivian families

In fisheries sector fish processing and exporting to other countries is a vital part where large investment is required. Till 2000 government of Maldives had a tight control on the sector only MIFCO the government owned company was allowed to invest in fish processing and buying of fresh fish at large scale for export.

Since the sector was open for private investments few companies have started investing in this sector. Ministry of Fisheries, Agriculture and Marine Resources have separated the country into four different fishing zones. Ten year licences are been issued to the companies which had invested in these sector. At present the investment is mostly owned by local companies.

Yellow fin tuna fishery in exclusive economic zone of the country is open to foreign companies. Many foreign vessels under a licence, fish in the Maldivian water. Fisheries industry is a potential sector which can be explored for business ventures.

If you need specific advice please submit your queries through our contact us form.

The Fisheries Act 1987The Fisheries Act is called the “The Fisheries Law of Maldives”. This Act is the basis for formulation of fisheries regulations and fisheries management and development in the Maldives.

Share this article :

« Prev Post Next Post » Home

Blogger Tips and Tricks

Latest Tips And Tricks

Popular Posts

Target Population differs from an Accessible Population

The target population usually has varying characteristics and it is also known as the theoretical population. The accessible population is...
Researchable and non-researchable questions

Distinguish between researchable and non-researchable questions A researchable research question is one that can generate a hyp...
Characteristics of good research questions.

Developing a good research question is the foundation of a successful research project, so it is worth spending time and effort in understan...
Can online education be compatible with the traditional one?

Educational institutes have been practicing the traditional teaching method since ages. Most of us are familiar with the traditional ...
Systematic sampling, Convenience sampling, and Purposive sampling

Typically a population is very large, making a census or a complete enumeration of all the values in that population infeasible. A 'sam...

EconoMaldives

Search

Contributors

@ELITE_Mv
Copyright © 166/A-1/2017/19. ELITE Institute - All Rights Reserved